Defining 'Islamic Finance'
8 Pages Posted: 4 Jan 2021 Last revised: 18 Jan 2022
Date Written: October 29, 2020
The mainstream definition of Islamic Finance is problematic; often shallow and missing the point. The mainstream definitions focus on the idiosyncrasies and not the very essence of Islamic Finance. This paper serves to better define Islamic Finance by incorporating concepts such as desires, scarcity, greed and competition.
Keywords: Islamic Finance, Definition, Finance, Islam, Desires, Scarcity, Greed, Competition
JEL Classification: G02, N20, N25, p49, A11, B19, B41
Suggested Citation: Suggested Citation