当前位置: X-MOL 学术Qualitative Research in Financial Markets › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Nexus between higher ethical objectives (Maqasid Al Shari’ah) and participatory finance
Qualitative Research in Financial Markets Pub Date : 2021-05-10 , DOI: 10.1108/qrfm-06-2020-0092
Muhammad Nouman , Muhammad Fahad Siddiqi , Karim Ullah , Shafiullah Jan

Purpose

This paper aims to conceptualize the nexus between the participatory finance and the higher ethical objectives within the Islamic moral economy, also termed as Maqasid al Shari’ah.

Design/methodology/approach

Insights from the extant Islamic economics and finance literature are integrated through an interpretative systematic review using the principles from critical interpretative synthesis (CIS).

Findings

A coherent framework is synthesized comprising the typology of the Maqasid al Shari’ah, the axioms of participatory finance and their nexus which is formulated by theorizing the common thread of meaning through the axioms of participatory finance and Maqasid al Shari’ah at the interpretative level. This framework postulates that the participatory finance fits well in the ethos and the value system of Islam. Moreover, “social well-being” invariably provides the nexus between the Maqasid al Shari’ah and participatory finance.

Originality/value

This study contributes to the Islamic economics and finance literature by integrating the dissenting views from the divergent literature related to the basic philosophy of Shari’ah and participatory finance and provides grounds for policy implications, particularly, for designing the financial products. Moreover, it demonstrates an application of interpretative systematic review in Islamic banking and finance research.



中文翻译:

更高的道德目标(Maqasid Al Shari'ah)与参与式融资之间的联系

目的

本文旨在将参与式金融与伊斯兰道德经济(也称为 Maqasid al Shari'ah)中更高的道德目标之间的关系概念化。

设计/方法/方法

现有的伊斯兰经济学和金融文献的见解通过使用批判性解释综合 (CIS) 的原则进行的解释性系统审查进行了整合。

发现

一个连贯的框架被综合起来,包括伊斯兰教法的类型学、参与式金融的公理及其联系,这是通过在解释层面通过参与式金融的公理和伊斯兰教法的公理对意义的共同线索进行理论化来制定的. 这个框架假设参与式金融非常适合伊斯兰教的精神和价值体系。此外,“社会福祉”始终是伊斯兰教教法与参与式金融之间的纽带。

原创性/价值

本研究通过整合与伊斯兰教法基本哲学和参与式金融相关的不同文献中的不同观点,为伊斯兰经济学和金融文献做出了贡献,并为政策影响提供了依据,特别是在设计金融产品方面。此外,它展示了解释性系统审查在伊斯兰银行和金融研究中的应用。

更新日期:2021-06-04
down
wechat
bug