Islamic banking and finance in the European Union
a challenge
Mario Porzio
241 pages | ~7 hrs
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Learn MoreIslamic banking and finance in the European Union
a challenge
By Mario Porzio
This comprehensive examination explores how Islamic banking principles can find their place within the European Union's financial framework. The book brings together diverse perspectives from economics, law, and regulation to investigate whether Shari'ah-compliant financial institutions can successfully operate as authorized credit institutions or investment companies across Europe.
The authors trace fascinating historical connections between Islamic and Western commercial traditions, revealing how Italian merchants once helped shape the foundations of modern trade and banking law. This historical context illuminates the shared roots that make contemporary integration possible.
Through detailed analysis of experiences in Germany, France, Italy, and the United Kingdom, the book demonstrates how different European nations have approached Islamic banking authorization. Despite regulatory challenges, the research reveals that Islamic financial intermediaries can not only comply with European standards but may actually strengthen the continent's banking sector.
The work highlights how Islamic banking principles could increase competition among traditional operators while reintroducing ethical dimensions to finance. The authors argue that these institutions would make banking more inclusive, potentially benefiting European integration as a whole.
Written for scholars, students, and practitioners in international banking law, this multidisciplinary resource offers both academic insight and practical guidance. The book serves as an invaluable tool for understanding how ancient wisdom traditions can inform modern financial systems, creating more ethical and inclusive economic structures.
What You'll Discover
- ✓ Explore Finanzinstrument
- ✓ Discover Zen principles and teachings
- ✓ Explore Finance, europe
- ✓ Explore Islamitische economie
- ✓ Explore Religious aspects
- ✓ Explore Banking law (Islamic law)
- ✓ Explore Banks and banking
- ✓ Explore Banks and banking, europe
Topics
Details
- Published
- 2010
- Publisher
- Edward Elgar, Elgar Publishing, Incorporated, Edward
- ISBN-13
- 9781849800174
- ISBN-10
- 1849800170
- Pages
- 241
- Language
- EN
