[ FINANCE ISLAMIQUE : EVALUATION DEPUIS 1970 A NOS JOURS ]
Volume 10, Issue 2, February 2015, Pages 726–737
Ahmed Alouani1
1 PH.D. of Economics 2007, CEMAFI, University of Nice-Sophia Antipolis, Nice, France
Original language: French
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Despite the skepticism regarding the adaptation of Islamic finance in the international financial system, large banks are buying Islamic bonds and creating branches that operate around the world by applying their methods of financing, the principle of sharia, namely prohibition of interest. Generally, they apply to investment operations, procurement of goods, services or assets. In what follows, we will evaluate the experience of Islamic finance since the 70s to the present, while studying its appearance, its main funding patterns and trends across the world, to finish with the challenges by the latter, which was deemed obsolete again, now rival the current financial system and becomes his redoubtable challenger.
Author Keywords: Islamic Finance, Sharia, banning, interest, evaluation, evolution, challenges.
Volume 10, Issue 2, February 2015, Pages 726–737
Ahmed Alouani1
1 PH.D. of Economics 2007, CEMAFI, University of Nice-Sophia Antipolis, Nice, France
Original language: French
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Despite the skepticism regarding the adaptation of Islamic finance in the international financial system, large banks are buying Islamic bonds and creating branches that operate around the world by applying their methods of financing, the principle of sharia, namely prohibition of interest. Generally, they apply to investment operations, procurement of goods, services or assets. In what follows, we will evaluate the experience of Islamic finance since the 70s to the present, while studying its appearance, its main funding patterns and trends across the world, to finish with the challenges by the latter, which was deemed obsolete again, now rival the current financial system and becomes his redoubtable challenger.
Author Keywords: Islamic Finance, Sharia, banning, interest, evaluation, evolution, challenges.
Abstract: (french)
Malgré le scepticisme concernant l'adaptation de la finance islamique au système financier international, les grandes banques achètent des obligations islamiques et créent des succursales qui opèrent partout dans le monde en appliquant dans leurs modes de financement, le principe de la charia, à savoir l'interdiction de l'intérêt. D'une manière générale, ils s'appliquent à des opérations d'investissement, d'achat de marchandises, de services ou d'actifs immobilisés. Dans ce qui suit, on va évaluer l'expérience de la finance islamique depuis les années 70 à nos jours, tout en étudiant son apparition, ses principales modes de financement et son évolution à travers le monde entier, pour finir avec les défis à relever par cette dernière, qui, était jugée autre fois obsolète, rivale aujourd'hui avec le système financier actuel et devient son redoutable challenger.
Author Keywords: Finance Islamique, charia, interdiction, intérêt, évaluation, évolution, défis.
How to Cite this Article
Ahmed Alouani, “ISLAMIC FINANCE: EVALUATION FROM 1970 TO TODAY,” International Journal of Innovation and Applied Studies, vol. 10, no. 2, pp. 726–737, February 2015.
