Islamic and Ethical Finance in the United Kingdom
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What exactly is ethical finance? Is Islamic finance ethical? Is ethical finance Islamic? This book examines a range of financial institutions in Britain within the ethical sector, considering the nature of their principles and practices, and how they relate to Islamic models and to Muslim communities.
Edinburgh Guides to Islamic Finance Series Editor: Rodney Wilson Edinburgh Guides to Islamic Finance is a series of short guides to key areas in Islamic finance, offering an independent academic perspective and a critical treatment. Islamic finance is routinely described as being part of the wider ethical finance sector. This book investigates systematically how it relates to non-Islamic ethical finance in the British context. It summarises the most important principles of Islamic and Christian thinking on finance and relates them to each other and to secular ethical practice. It also presents detailed case studies of non-Islamic financial services, some Christian and some secular, which describe themselves as ethical, identifying opportunities for convergence between Islamic and non-Islamic ethical finance and considering the obstacles to such convergence. Key Features - Includes case studies from retail banking, mutual associations such as building societies and credit unions, investment funds, high interest lenders and debt counselling, social enterprise, charities and the wider phenomenon of ethical consumerism - Provides a comparison of Christian thought with the Islamic tradition - Compares the principles and functioning of Islamic and secular ethical financial services Elaine Housby is an independent researcher and freelance writer with a special interest in religious thinking about economic matters. She is the author of Islamic Financial Services in the United Kingdom (Edinburgh University Press, 2011). Cover design: clareturner.co.uk [EUP logo] www.euppublishing.com
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