For Islamic financial institutions, values are baked into their identity — and operations. Islamic financiers emphasize inclusion and prohibit charging interest. And as the global development community looks hard for additional sources of finance to fill the gaps in an ambitious, universal development agenda, it may be time to get to know the “moral economy” of Islamic finance a little better.While financial and value systems often appear to operate in separate spheres, sometimes efforts to build financial inclusion do better when they start from a shared moral sensibility.
Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com