Title: Notes on Islamic economics and finance

Authors: Othman Cole; Khaled Soufani; Terence Tse

Addresses: ESCP Europe Campus London, 527 Finchley Road, London NW3 7BG, UK ' Desjardins Centre for Innovation in Business Finance, Concordia University, 1455 De Maisonneuve Blvd. W., Montreal, Quebec, Canada ' ESCP Europe Campus London, 527 Finchley Road, London NW3 7BG, UK

Abstract: Academic and practitioner's research interest in studying Islamic economics and finance seems to have been growing over the past few years especially after the financial crisis that hit the global banking and financial system, which resulted in one of the severest economic slowdown that we have had for many years. This paper aims to introduce some of the key concepts relating to Islamic economics and finance, the increased interest in this field of study and then to identify the main differences to the modern economic and financial system. All the sections of this paper will be based on reviewing some of the literature that studied this growing stream of an economic and financial discipline.

Keywords: Islamic economics; Islamic finance; riba; usury; capital; financial markets; global trade; literature review.

DOI: 10.1504/IJTGM.2013.051551

International Journal of Trade and Global Markets, 2013 Vol.6 No.1, pp.83 - 91

Published online: 29 Sep 2014 *

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