Select Ethical and Methodological Issues in Sharī’a-Compliant Finance: A Short Report

Islamic Finance (IF), by any standard, is a burgeoning industry. As with any industry, such fast progress demands a critical look. Particular to IF is the complex and integral relationship that Islamic law has with the field. The nature of shari‘a advisement has recently been brought into question, and there have particularly been questions about the role of Islamic economists vis-à-vis shari‘a scholars. With the encouragement of shari‘a scholars and prominent Islamic economists, the Islamic Finance Project decided to hold this workshop in order to spark a discussion that we deem crucial to the future of the field.