The Islamic Economic System: Cultural Context in a Global Economy (Islamic Business and Finance Series)

Islamic Economics refers to financial aspects or monetary activities and processes, which adhere to Islamic standards and teachings.The Islamic Economic System relates to the hypothetical development of an economy whose individuals follow the Islamic faith.This book presents an interesting and timely narrative of the concepts of Islamic economics in the context of Islamic culture.Its purpose is to guide individuals and organizations towards a Shariah-based Islamic Economic System. It begins by introducing the Islamic Economic System; its historical origins are explained in the framework of the verses of the Holy Quran, and in light of the Shariah scholars and the philosophical thinkers of the mid-20th century.It discusses concepts such as the evolution of Islamic Fintech and Artificial Intelligence (AI); the relationship between Islamic corporate governance and Islamic Economics; the distribution of wealth in Islam; Islamic Social Finance; Islamic Economic practices in the banking indu