Finance: An Islamic Perspective

  • K. M. Anwarul Islam Associate Professor,Department of Business Administration, The Millennium University, Dhaka, Bangladesh
Keywords: Finance, Islam, Banking, Sharia.


Islamic finance was practiced predominantly in the Muslim world throughout the Middle Ages, fostering trade and business activities with the development of credit.In Spain and the Mediterranean and Baltic States, Islamic merchants became indispensable middlemen for trading activities.In fact, many concepts, techniques, and instruments of Islamic finance were later adopted by European financiers and businessmen. The aim of this research work is to examine the finance as an Islamic Perspective.


A. Chargi, Origin and Development of Commercial and Islamic Banking Operations, Islamic Economics Volume 18, No. 2, 2005.

A. Ernst, Promoting Islamic Finance and Islamic Banking – A legal analysis of the potential for Islamic Banking products in Germany, Institut für Rechtspolitik an der Universität Trier, 2011

M.U. Draz, F. Ahmad, S. Ali, The Prevailing Skepicism about Islamic Banking and the Re-asseement of Interest-Free Financial Products: An Explanatory Study, Kuala Lumpur/Lanzhou/Lahore, 28 November 2011

M.O. Farooq, Riba, Interest and Six Hadiths: Do We Have a Definition or a Conundrum?, Review of Islamic Economics, Vol. 13, No. 1, 2009

M. El Qorchi, S. Munzele Maimbo and J. F. Wilson, International Monetary Fund and World Bank, Informal Funds Transfer Systems: An Analysis of the Informal Hawala System, paper IMF and World Bank, March 24, 2003.


How to Cite
Islam, K. M. A. (2017). Finance: An Islamic Perspective. International Journal of Islamic Banking and Finance Research, 1(1), 1-5.