Conceptualization of the real economy and Islamic finance: Transformation beyond the asset‐link rhetoric

@article{Farooq2018ConceptualizationOT,
  title={Conceptualization of the real economy and Islamic finance: Transformation beyond the asset‐link rhetoric},
  author={Mohammad Omar Farooq and Mohammad Selim},
  journal={Thunderbird International Business Review},
  year={2018}
}
  • M. Farooq, M. Selim
  • Published 23 July 2018
  • Economics
  • Thunderbird International Business Review
THE IMPACTS OF PARTICIPATION BANKS ON REAL ECONOMY: A CASE OF TURKEY
This study purposes to examine the asymmetric impacts of participation banks on the real economy in Turkey during the period of 2003:01-2019:08. In this context, the impacts of the funds given by
Islamic Finance Eclipsing Islamic Economics: Causes and Consequences
Islamic economics represents an important mid-20th century dimension of the revivalist Islamic discourse. By the 1970s its focus fundamentally shifted with the emergence of Islamic finance becoming
Potential Users’ Acceptance of Shariah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective
TLDR
This research investigates in the potential users’ tendency to adopt a Sharīʿah-compliant precious metal backed crypto currency and indicates that four out of the five constructs that specified to affect the adoption of PMBC were statistically significant.
Integrated Development of Information Technology and the Real Economy in China Based on Provincial Panel Data
The deep integration of information technology (IT) and the real economy contributes to China’s high-quality economic sustainable development. From the perspective of efficiency, this paper aims to
Elimination of poverty by Islamic value based cooperative model
The purpose of this paper examines how the challenge of poverty can be effectively addressed by broadly adopting Islamic value based cooperative model (IVCM) where the members come together to
Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants
This study utilises higher objectives postulated in Islamic moral economy or the maqasid al-Shari’ah theoretical framework’s novel approach in evaluating the ethical, social, environmental and
Acceptance of Sharīʿah ‐compliant precious metal‐backed cryptocurrency as an alternative currency: An empirical validation of adoption of innovation theory
TLDR
It was found six out of the eight constructs specified to influence the adoption of precious metal-backed cryptocurrency were statistically significant where 54.5% of the variation in adoption of PMBC can be explained by the structure model provided by this research.
Sectoral Distribution and Islamic Finance: Comparative Study of Conventional and Islamic Banks in Bahrain
The proponents of Islamic finance argue that unlike conventional finance it emphasizes the real economy. Such emphasis should be reflected in the sectoral distribution in an economy. In this paper,

References

SHOWING 1-10 OF 11 REFERENCES
Banking and Real Economic Activity
This chapter reviews insights about how the banking system affects real economic performance. After arguing that the causality debate—the high-level question of whether the characteristics of a
Islamic moral economy as the foundation of Islamic finance
Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a
A Literature Review of Technology and Finance
The rational allocation of financial resources in the technology and finance research process of economic development in recent years has become a major focus of attention theorists. From the
Islamic Finance and Debt Culture: Treading the Conventional Path?
Purpose – The purpose of this paper is to examine the phenomenon of debt culture in the conventional financial systems and then to compare the existing or emerging trends in the Islamic finance
The case against interest: Is it compelling?
The entire international financial system is now based on interest in spite of its prohibition by four of the world's major religions. However, the Muslim world is now trying to replace the
Basic Needs Approach, Appropriate Technology, and Institutionalism
This paper reports on the convergence of Basic Needs Approach (BNA) and institutionalism in their views about technological development and the role of institutions. There exists a vast literature on
The Economic System of the Early Islamic Period: Institutions and Policies
The book is a major contribution to Islamic economic history and to Islamic economics in the English language. It presents a comprehensive yet concise economic hermeneutic of policies implemented by
Tawarruq as a Product for Financing within the Islamic Banking System: A Case Study of Malaysian Islamic Banking System
Many discussions and studies have taken place regarding the permissibility of Tawarruq and ’Inah transactions. While Tawarruq is widely used in Malaysia and around the globe ’Inah has been declined
Getting Real About Islamic Finance
This essay is most immediately about reliance on and the relationship among three discourses framed with reference to that which is deemed or thought to be “real”. One involves arguments within the
...
...