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Conclusion

  • Mohsin Ali
  • Najeeb Zada
Chapter
Part of the Palgrave CIBFR Studies in Islamic Finance book series (PCSIF)

Abstract

This chapter provides a summary of the discussions in the book. We advocate that Islamic trading framework is an umbrella which shows the process of trading governed by Islamic Principles. It comprises the prohibitions, pricing, profitability, and other auxiliary issues like government intervention and ethical framework related to exchange of goods and services. Islamic trading framework appears to be more comprehensive yet compatible trading framework to be practiced in the contemporary world. Islam’s framework is proved to be superior not only because of its moral values and compatibility with the modern philosophy but also because of its evidently positive impact on the economy and society at large.

Keywords

Prohibitions Pricing Profitability Auxiliary issues Compatibility 

Reference

  1. Hayat, U., & Malik, A. (2014, November). Islamic finance: Ethics, concepts, practice. CFA Institute Research Foundation L2014-3.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohsin Ali
    • 1
  • Najeeb Zada
    • 2
  1. 1.Taylor’s Business SchoolTaylor’s UniversitySubang JayaMalaysia
  2. 2.Department of Islamic TheologyIslamia College PeshawarPeshawarPakistan

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