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7.6.11

Islamic Finance: Business as Usual

Islamic Finance: Business as Usual
By Monzer Kahf

"The objective of this paper is to define Islamic finance and compare it with conventional finance. This will be done on theoretical and empirical grounds based on practice in the MiddleEast and Southeast Asia.  


As the title indicates, this article argues that Islamic finance is essentially “business as usual” because the requirement of the Islamic law in financing transactions are developed and derived by human rationale and these transactions are set in a way that makes them consistent with the human nature."
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