An Islamic Perspective of Business Finance (A Comparative Study With Conventional and Capitalistic Financing)

International Journal of Management Studies, Vol.–V, Issue –1(4), January 2018

6 Pages Posted: 6 Jun 2019

See all articles by Mahmood Ali Syed

Mahmood Ali Syed

EThames Degree College

Yugenghar Akkinapally

Eilei Online Education

Badiuddin Ahmed

Motilal Nehru National Institute of Technology (MNNIT)

Date Written: January 1, 2018

Abstract

India is big country with the population of 1.210 billion of which about 172 million (14%) are Muslims.We are having the conventional system of banking and finance which is based on only interest. A common practice seen here is anyone who is having any surplus money would be interested in starting the finance business instead of investing in productive projects and developing the economy. In this paper we are trying to provide information about the Islamic beliefs on loans, currency, investment and banking and finance besides how to use the money in the various Islamic investment modules. The emphasizing on important investment modules in Islamic Banking and Finance where by practical application can be done to achieve the objective real growth and development of economy.

Keywords: Islam, Islamic banking and finance, Musharkah, Mudarabah & Murabahah

JEL Classification: G00, G01, G02, G18

Suggested Citation

Syed, Mahmood Ali and Akkinapally, Yugenghar and Ahmed, Badiuddin, An Islamic Perspective of Business Finance (A Comparative Study With Conventional and Capitalistic Financing) (January 1, 2018). International Journal of Management Studies, Vol.–V, Issue –1(4), January 2018, Available at SSRN: https://ssrn.com/abstract=3391020

Mahmood Ali Syed (Contact Author)

EThames Degree College ( email )

India

Yugenghar Akkinapally

Eilei Online Education

India

Badiuddin Ahmed

Motilal Nehru National Institute of Technology (MNNIT)

Link Road Number 3
Near Kali Mata Mandir
Allahabad, IN Madhya Pradesh 452010
India

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