Viewpoints: when the Islamisation model doesn't work
Journal of Islamic Accounting and Business Research
ISSN: 1759-0817
Article publication date: 13 April 2012
Abstract
Purpose
The purpose of the paper is to encourage debate around the issues of the bank and Islamisation.
Design/methodology/approach
The work is an ideological examination of approaches to Islamisation and includes references to thinkers from Muslim history.
Findings
The Islamisation model is not wholly appropriate in the banking sector.
Practical implications
The paper highlights the limitations of the Islamisation approach and puts forward the case for another methodology, Namely the model of Islamication.
Social implications
The impact of the author's recommendations, if followed would revolutionise the way banking is carried out.
Originality/value
The conceptualization of Islamication with regard to banking has not yet been academically formulated. This paper provides a platform to do this. Although Muslim societies and Muslims living in the West will be interested in the paper, non Muslim scholars Europe too, faced with a banking crisis may welcome some of the report's recommendations.
Keywords
Citation
Ul‐Haq, R. (2012), "Viewpoints: when the Islamisation model doesn't work", Journal of Islamic Accounting and Business Research, Vol. 3 No. 1, pp. 57-66. https://doi.org/10.1108/17590811211216069
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited