Download e-book for kindle: Die Panikmacher: Die deutsche Angst vor dem Islam Eine by Patrick Bahners

By Patrick Bahners

ISBN-10: 342334721X

ISBN-13: 9783423347211

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Extra info for Die Panikmacher: Die deutsche Angst vor dem Islam Eine Streitschrift

Sample text

Several countries where Islamic finance was dormant are experiencing a sudden surge in demand for Shari’ah-compliant products. 13 Bahrain and Malaysia have also taken an active role in the development of Islamic finance and have made serious efforts to establish world-class financial centers to promote Islamic finance. London’s historical reputation and significance as a financial center, coupled with its attractiveness as a time-zone with respect to the Middle East, has made it a popular choice for Islamic financial transactions.

These rules in turn lay the foundation for core economic institutions in Islam and ultimately, the collection of these institutions define the economic system prescribed by Islam. The core economic institutions which ultimately define the economic system prescribed by Islam are as follows. Property Rights While the individual’s right to property affirms the natural tendency in man to possess—particularly something resulting from his own creative labor— the concomitant private property obligations, from the point of view of justice, are designed to give effect to the interdependence of the members of the community, with a view to recognizing explicitly that they cannot live in isolation.

However, work is performed not only for the purpose of satisfaction of wants or needs but is considered a duty and obligation required of everyone. The fifth principle, referred to as “the immutability or invariance of ownership”1 constitutes that the access to and use of natural resources for producing goods and services is also everyone’s right and obligation. So long as individuals are able, they have both the right and the 34 ■ ■ AN INTRODUCTION TO ISLAMIC FINANCE obligation to apply their creative labor to natural resources to produce goods and services needed in the society.

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Die Panikmacher: Die deutsche Angst vor dem Islam Eine Streitschrift by Patrick Bahners


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