Islamic Finance

Unlike many other studies, this research attempts to answer whether or not an interest-free financial system is crucial for Islamic countries if a relatively large part of the population religiously avoids the interest-based conventional system. The work discusses the negative outcomes of a less efficient economic system like a higher chance of skipping over prolific ventures, an inefficiency in accumulating savings, and unexpected operations of the interest rate as a monetary instrument.

Ethical norms control and regulate man's socio-economic behavior and dominate economics. The central theme of this study is to analyze the possibility of formulating a framework of an economic system primarily on the basis of the Islamic teachings, utterly independent of the existing Socialism and Capitalism. A holistic methodology is utilized, based on the premise that

While theological, juridical, and philosophical interpretations have been clear in their prohibition of riba, there has been no conclusive consensus on the issue, in part because

This thesis analyzes Sayyid Qutb's interpretations of the Qur'an in his Fi Zilal al-

This thesis analyzes Fazlur Rahman's hermeneutical method, his theory of the divine revelation of the Qur'an and its application to the case of

http://www.abaco-project.eu/documents/Thesis-finalversion.pdf