A Socially Responsible Islamic Finance: Character and the Common Good

Islamic Finance News, May 2017, ISBN: 978-319-48840-0

Posted: 5 Jun 2017

See all articles by Umar F Moghul

Umar F Moghul

University of Connecticut - School of Law; Michigan State Univ - College of Law

Date Written: May 24, 2017

Abstract

This book explores how, through spirituality and the development of character, Islamic financial institutions and Muslim communities can integrate their businesses with contemporary social responsibility initiatives to produce positive social and environmental impact. From the looming environmental crisis to the divide between mainstream and extremist interpretations of Islam, the book addresses significant questions facing Muslim communities – and humanity – and demonstrates why Islam should sit ‘at the table’ with other faiths and ethical traditions discussing humanity’s great obstacles. Unlike existing literature, this work explores the intersections between classical Islamic ethics and spirituality, contemporary Islamic finance and economic markets, and select sustainability and impact initiatives (such as the Equator Principles and UN Principles of Responsible Investment) designed to make the worlds of business and finance responsible for the environments in which they operate and the communities that support them. Drawing on his years of experience in Islamic banking, Moghul addresses these applications in light of real-world practices and dilemmas, demonstrating how Islamic organizations and Muslim communities should embrace the broad range of stakeholders countenanced by the Shari’ah in conversations that affect them. By situating his exploration of Islamic finance in the light of the much larger critical issues of balance, justice, and moderation in Islamic praxis, Moghul creates an interdisciplinary book that will appeal to academics and researchers in economics, finance, business, government and policy, and law.

Suggested Citation

Moghul, Umar F, A Socially Responsible Islamic Finance: Character and the Common Good (May 24, 2017). Islamic Finance News, May 2017, ISBN: 978-319-48840-0, Available at SSRN: https://ssrn.com/abstract=2979099

Umar F Moghul (Contact Author)

University of Connecticut - School of Law ( email )

65 Elizabeth Street
Hartford, CT 06105
United States

Michigan State Univ - College of Law ( email )

318 Law College Building
East Lansing, MI 48824-1300
United States

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