University of Wollongong Research Online Faculty of Commerce - Papers (Archive) Faculty of Business and Law August 2007 A Primer on Islamic Finance: Definitions, Sources, Principles and Methods Alsadek H. Gait University of Wollongong,
[email protected] Andrew C. Worthington University of Wollongong,
[email protected] Follow this and additional works at: https://ro.uow.edu.au/commpapers Part of the Business Commons, and the Social and Behavioral Sciences Commons Recommended Citation Gait, Alsadek H. and Worthington, Andrew C.: A Primer on Islamic Finance: Definitions, Sources, Principles and Methods 2007. https://ro.uow.edu.au/commpapers/341 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library:
[email protected] A Primer on Islamic Finance: Definitions, Sources, Principles and Methods Abstract Islamic finance is one of the most apidlyr growing segments of the global financial system. However, despite the increasing importance of Islamic finance, particularly in developing economies in the Middle East and South-East Asia, religious and social complexity has acted against a fuller understanding by regulators, policymakers, researchers and practitioners. This paper provides a succinct and accessible analysis of the definition, sources, principles and methods of Islamic finance. This serves as a suitable starting point for further work into Islamic finance and many of the pressing regulatory, supervisory and competitive issues that remain as yet unaddressed. Keywords Islamic finance, Islamic banking, cultural finance Disciplines Business | Social and Behavioral Sciences Publication Details This article was originally published as Gait, A & Worthington, AC, A Primer on Islamic Finance: Definitions, Sources, Principles and Methods, University of Wollongong, School of Accounting and Finance Working Paper Series No.