Islamic and Ethical Finance in the United Kingdom / / Elaine Housby.

• Superior document: Title is part of eBook package: De Gruyter Edinburgh University Press Backlist eBook-Package 2013-2000
• VerfasserIn: Housby, Elaine,
• Place / Publishing House: Edinburgh : : Edinburgh University Press, , [2022]; ©2013
• Year of Publication: 2022
• Language: English
• Series: Edinburgh Guides to Islamic Finance : EGIF
• Physical Description: 1 online resource (224 p.)

What exactly is ethical finance? Is Islamic finance ethical? Is ethical finance Islamic?Islamic finance is routinely described as ethical. This reflects the fact that self-described 'ethical' finance is a large and growing sector of the market. It has a very positive image with which Islamic financial services seek to associate themselves. Yet the claim that 'Islamic' and 'ethical' are synonymous is rarely seriously examined, and nor is the claim that there exists a consistent and generally understood definition of 'ethical' practice. This book examines a wide range of financial institutions in the UK which fall broadly within the ethical sector, considering the nature of their principles and practices, and how they relate to Islamic models and to Muslim communities.Key FeaturesThe first systematic comparison of the principles and functioning of Islamic and secular ethical financial servicesIncludes 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 consumerismProvides a comparison of Christian thought and secular ethical financial services with the Islamic traditionUses the UK as a case study due to its well-developed 'ethical' and Islamic financial services sectors

Table of Contents

Frontmatter -- Contents -- A note on the term 'United Kingdom' -- 1. Introduction -- 2. Retail banking -- 3. Investment funds -- 4. Mutual associations -- 5. Debt and credit -- 6. Social enterprise -- 7. Charities -- 8. The concerned consumer -- Conclusion -- Glossary and abbreviations -- Index