The Islamic social finance & investment imperative
The rapid growth of global Islamic wealth and asset management has contributed to the establishment of a niche market based on the Islamic finance paradigm of interest-free, transparent, profit and loss sharing and mutually beneficial contracts. However, Islamic wealth and finance has been criticized for converging into conventional practices rather than its core principles of socio-economic empowerment and justice. The capitalist attributes of profit maximization without the ethical and moral boundaries has pervaded this industry that was supposed to espouse the ethical and socio-economic tenets as its value prepositions for its future growth and survival. There is an emerging trend of Islamic social finance and investments imperative in the industry to meet the growing global demand for ethical investments.
Islamic social finance , Islamic wealth management
Mahomed, Z. (2018). The Islamic social finance & investment imperative. CIAWM Bulletin, 3 (2017), pp. 29-31.
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