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Abstract

In the previous chapter, Islamic finance and its background were discussed in order to understand the nature of Islamic finance from a Shari’ah point of view. In order to obtain a thorough understanding of the system of Islamic finance, there was also a discussion of the different types of riba. The present chapter moves on to an explanation of the objectives of Islamic finance. These objectives have been classified into four separate categories: Islamic objectives, social objectives, ethical objectives and economic objectives.

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© 2016 Fayaz Ahmad Lone

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Lone, F.A. (2016). Objectives of Islamic Finance. In: Islamic Banks and Financial Institutions. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137515667_4

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