International Journal of Research in Economics and Social Sciences
  • Year: 2015
  • Volume: 5
  • Issue: 9

Ethical dimension of islamic banking and the financial markets

  • Author:
  • Showkat Hussain, Mohammad Iqbal Malik, Nazir Ul Islam Bhat
  • Total Page Count: 9
  • Page Number: 204 to 212

Online published on 25 December, 2015.

Abstract

Islam as the complete code of life provides every individual complete direction of life. In the modern world Islamic Banking exists in various corners of the world with progressing steam. The ethical performance put forth by Islamic financial institutions lead the result for the economic growth through-out the Islamic economic sectors. Financial market was disturbed due to various emerged financial crisis started from modern conventional banks since the decades. In order to overcome these lost assets world financial experts thought for the establishment of ethical financial institutionalization. The disturbed world financial market was overcome by Islamic banking in the particular areas. The present paper is the analysis of prevailing financial sectors as authenticity of Islamic banking with its ethical memorandum.