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Conceptualising and Locating the Social Failure of Islamic Finance: Aspirations of Islamic Moral Economy vs the Realities of Islamic Finance, Froııtier of Islamic Kconomics and Finance: New Challenges, Asian and African Area Studies

Yıl 2015, Cilt: 3 Sayı: 1, 125 - 144, 01.01.2015

Öz

1Orta Doğu ve İslam Siyasal İktisadı & Finansı, Durham Centre for Islamic Economics and Finance, School of Government and International Affairs, Durham University Ocak 13, 2012'de Kabul edildi

Kaynakça

  • Abdul-Razak, A. 2011. Economic and Religious Signifi cance of the Islamic and Conventional Pawnbroking in Malaysia: Behavioral and Perception Analysis. Unpublished Ph.D Thesis, Durham Centre for Islamic Economics and Finance, Durham University, UK.
  • Aggarwal, R. K. and Tarik Yousef. 2000. Islamic Banks and Investment Financing, Journal of Money, Credit and Banking 32(1): 93-120.
  • Ahmad, K. 1979. Economic Development in an Islamic Framework. In K. Ahmad and Z. I. Ansari eds. , Islamic Perspectives: Studies in Honour of Mawlana Sayyid Abul A’la Mawdudi. Leicester and Jeddah: Islamic Foundation and Saudi Publishing House, pp. 223-240.
  • _.1994. Islamic Approach to Development: Some Policy Implications. Islamabad: Institute of Policy Studies.
  • _.2003. The Challenge of Global Capitalism. In J. H. Dunning ed. , Making Globalization Good: The Moral Challenges of Global Capitalism. Oxford: Oxford University Press, pp. 181-209.
  • Ahmed, G. A. 2005. Measuring Risk and Profi tability for the Islamic Financial Modes: The Experience of Sudanese Islamic Banks, Review of Islamic Economics 9(2): 31-76.
  • Ahmed, H. 2004. Frontiers of Islamic Banking: A Synthesis of Social Role and Microfi nance, The European Journal of Management and Public Policy 3(1): 120-140.
  • Al-Sabti, D. 2011. Evaluating Corporate Social Responsibility in Saudi Banks Islamic Banks. Unpublished Dissertation in MA Islamic Finance, Durham Centre for Islamic Economics and Finance, Durham University, UK.
  • Asutay, M. 2007a. A Political Economy Approach to Islamic Economics: Systemic Understanding for an Alternative Economic System, Kyoto Journal of Islamic Area Studies 1(2): 3-18.
  • _.2007b. Conceptualisation of the Second Best Solution in Overcoming the Social Failure of Islamic Banking and Finance: Examining the Overpowering of Homoislamicus by Homoeconomicus, IIUM Journal of Economics and Management 15(2): 167-195.
  • _.2008. Islamic Banking and Finance: Social Failure, New Horizon Issue: 169: 1-3, OctoberDecember (London, published by IIBI).
  • _.2010a. Islamic Microfi nance: Fulfi lling Social and Developmental Expectations. In QFinance ed. , Islamic Finance: Instruments and Markets. London: Bloomsbury, pp. 25-29.
  • _.2010b. Islamic Banking and Finance and its Role in the GCC and the EU Relationship: Principles, Developments and the Bridge Role of Islamic Finance. In C. Koch and L. Stenberg eds., The EU and the GCC: Challenges and Prospects. Dubai: Gulf Research Center, pp. 35-58.
  • _.2010c. Locating the Moral Defi cit in Islamic Finance Emerging Divergence between Aspiration and Realities of Islamic Moral Economy and Islamic Finance. Paper presented at the Second Workshop on Islamic Finance— What Islamic Finance Does (not) Change—March 17th, 2010, EM Strasbourg Business School, Strasbourg, France.
  • Asutay, M. and E. Aksak. 2011. Does Islamic Finance Make the World Economically and Financially Safer? Paper presented at the Eighth International Conference on Islamic Economics & Finance: Sustainable Growth and Inclusive Economic Development from an Islamic Perspective, in Doha, Qatar, on December 18-20, 2011, organised by Qatar Faculty of Islamic Studies, IAIE, IRTI and SESRIC.
  • Ayub, M. 2007. Understanding Islamic Finance. Chichester, West Sussex: John Wiley & Sons Ltd. Chapra, M. U. 1992. Islam and the Economic Challenge. Leicester: The Islamic Foundation.
  • _.2000. The Future of Economics: An Islamic Perspective. Leicester: The Islamic Foundation. Chong, B. S. and M. H. Liu. 2009. Islamic Banking: Interest- Free or Interest-Based? , Pacifi c-Basin Finance Journal 17: 125-144.
  • Choudhury, M. A. and Z. Hoque. 2006. Corporate Governance in Islamic Perspective, Corporate Governance 6(2): 116-128.
  • Dusuki, A. W. 2007. The Ideal of Islamic Banking: A Survey of Stakeholders’ Perception, Review of Islamic Economics 11-Special Issue: 29-52.
  • El-Gamal, M. A. 2006. Islamic Finance: Law, Economics and Practice. New York: Cambridge University Press.
  • Gan, P. T. and K. T. Kwek. 2010. Optimal Monetary Policy for Malaysia: Islamic Rule versus Conventional Rule, Review of Islamic Economics 14(2): 47-68.
  • Haniffa, R. and M. Hudaib. 2007. Exploring the Ethical Identity of Islamic Financial Institutions via Communication in the Annual Reports, Journal of Business Ethics Special Issue 76(1): 103-122.
  • Hasan, Zubair. 2007. Fifty Years of Malaysian Economic Development: Policies and Achievements, Review of Islamic Economics 1(2): 101-118.
  • Hasan, Zulkifl i and M. Asutay. forthcoming. Measuring the State of Islamic Governance in Islamic Financial Institutions: Islamic Governance Index.
  • Hassan, M. K., M. Rashid, Md. Y. Imran and A. I. Shahid. 2010. Ethical Gaps and Market Value in the Islamic Banks of Bangladesh, Review of Islamic Economics 14(1): 49-76.
  • Iqbal, M. and P. Molyneux. 2005. Thirty Years of Islamic Banking: History, Performance and Prospects. London: Palgrave-Macmillan.
  • Jan, S. 2011. Evaluating the Performance of Islamic Banks in Suggesting an Islamic Model of Development. Durham Centre for Islamic Economics and Finance, Durham University, UK. (Mimeograph).
  • Mayer, A. E. 1985. Islamic Banking and Credit Policies in the Sadat Era: The Social Origin of Islamic Banking in Egypt, Arab Law Quarterly 1(1): 32-50.
  • Mohd Nor, S. and M. Asutay. 2011. Re-Considering CSR and Sustainability Identity of Islamic Banks in Malaysia: An Empirical Analysis. Paper presented at the Eighth International Conference on Islamic Economics & Finance: Sustainable Growth and Inclusive Economic Development from an Islamic Perspective, in Doha, Qatar, on December 18-20, 2011, organised by Qatar Faculty of Islamic Studies, IAIE, IRTI and SESRIC.
  • Nagaoka, S. 2007. Beyond the Theoretical Dichotomy in Islamic Finance: Analytical Reflections on Murabahah Contracts and Islamic Debt Securities, Kyoto Bulletin of Islamic Area Studies 1(2): 72-91.
  • Naqvi, S. N. H. 1981. Ethics and Economics: An Islamic Synthesis. Leicester: Islamic Foundation.
  • _.1994. Islam, Economics, and Society. London: Kegan Paul International.
  • _.2003. Perspectives on Morality and Human Well-Being: A Contribution to Islamic Economics. Leicester: Islamic Foundation.
  • Safi eddine, A. 2009. Islamic Financial Institutions and Corporate Governance: New Insights for Agency Theory, Corporate Governance: An International Review 17(2): 142-158.
  • Sarially, S. 2005. Evaluating the ‘Social Responsibility’ of Islamic Finance: Learning from the Experiences of Socially Responsible Investment Funds, in the Proceedings of the International Conference in Islamic Economics and Finance, Islamic Economics and Banking in the 21st Century, Jakarta, Indonesia, November 21-24, 2005, Volume 1, pp. 433-472.
  • Siddiqi, M. N. 1981. Muslim Economic Thinking: A Survey of Contemporary Literature. Leicester: The Islamic Foundation.
  • _.2004. What Went Wrong? Keynote Address at the Roundtable on Islamic Economics: Current State of Knowledge and Development of Discipline held at Jeddah, Saudi Arabia on 26-27 May 2004 under the joint auspices of the Islamic Research and Training Institute, Jeddah; and the Arab Planning Institute, Kuwait. (December 13, 2006)
  • The Banker. 2010. Special Issue on Islamic Banks. London.
  • Tripp, C. 2006. Islam and the Moral Economy: The Challenges of Capitalism. Cambridge: Cambridge University Press.
  • Warde, I. 2000. Islamic Finance in the Global Economy. Edinburgh: Edinburgh University Press.
  • Wilson, R. 2007. Islamic Banking in the West. In K. M. Hassan and M. K. Lewis eds., Handbook of Islamic Banking. Cheltenham: Edward Elgar, pp. 419- 432.
  • Zaman, N. and M. Asutay. 2009. Divergence between Aspirations and Realities of Islamic Economics: A Political Economy Approach to Bridging the Divide, IIUM Journal of Economics and Management 17(1): 73-96.

İslami Finansın Sosyal Başarısızlığının Belirlenmesi ve Kavramsallaştırılması: İslam Ahlâk İktisadının İdeallerine Karşı İslami Finansın Gerçekleri

Yıl 2015, Cilt: 3 Sayı: 1, 125 - 144, 01.01.2015

Öz

İslam Ahlâk İktisadı, özgün bir İslam iktisat sistemi anlayışı oluşturma ve bu doğrultuda politikaların geliştirilmesine yönelik bir teşebbüs olarak modern anlamda 1960'ların sonları ve 1970'lerin başlarında ortaya çıktı. Bu konseptin bir unsuru olarak, reel iktisadi faaliyeti finanse etmek için kaynak havuzu oluşturabilen İslami bankalar ve finansal kuruluşlar bu Ahlâkî iktisadın kurumsal veçhesi olarak değerlendirilmektedir. Bununla beraber 1975'in ortalarından bu yana İslami bankacılığın ticari bankacılık formuna dönüşümü, 'sosyal ve iktisadi kalkınmacıların' İslam Ahlâk İktisadı özlemlerinin hilafına eşi görülmemiş derecede bir finansal performans başarısı ile sonuçlandı. Bu yüzden İslami bankalar ve finansal kurumlar sosyal başarısızlıklarından ötürü eleştirilmektedir. Bu çalışma bu sebeple İslami bankaların ve finansal kurumların sosyal başarısızlıklarını tetkik etmeyi ve bu başarısızlığın kaynaklarını tespit etmeyi amaçlamaktadır. İslami bankaların ve finansal kurumların sosyal başarısızlıklarını azaltmak adına, bu çalışma Müslüman toplumların sosyal ve kalkınmaya yönelik ihtiyaçlarına hizmet edilmesi amacıyla; İslami sosyal bankacılık, İslami mikro-finans, vakıflar sistemi, ar-rahn veya İslami rehin sandığı ve zekat fonu örneklerinde olduğu gibi bankacılık dışı finansal kurumlar şeklinde üçüncü bir kurumsal gelişim önermektedir.

Kaynakça

  • Abdul-Razak, A. 2011. Economic and Religious Signifi cance of the Islamic and Conventional Pawnbroking in Malaysia: Behavioral and Perception Analysis. Unpublished Ph.D Thesis, Durham Centre for Islamic Economics and Finance, Durham University, UK.
  • Aggarwal, R. K. and Tarik Yousef. 2000. Islamic Banks and Investment Financing, Journal of Money, Credit and Banking 32(1): 93-120.
  • Ahmad, K. 1979. Economic Development in an Islamic Framework. In K. Ahmad and Z. I. Ansari eds. , Islamic Perspectives: Studies in Honour of Mawlana Sayyid Abul A’la Mawdudi. Leicester and Jeddah: Islamic Foundation and Saudi Publishing House, pp. 223-240.
  • _.1994. Islamic Approach to Development: Some Policy Implications. Islamabad: Institute of Policy Studies.
  • _.2003. The Challenge of Global Capitalism. In J. H. Dunning ed. , Making Globalization Good: The Moral Challenges of Global Capitalism. Oxford: Oxford University Press, pp. 181-209.
  • Ahmed, G. A. 2005. Measuring Risk and Profi tability for the Islamic Financial Modes: The Experience of Sudanese Islamic Banks, Review of Islamic Economics 9(2): 31-76.
  • Ahmed, H. 2004. Frontiers of Islamic Banking: A Synthesis of Social Role and Microfi nance, The European Journal of Management and Public Policy 3(1): 120-140.
  • Al-Sabti, D. 2011. Evaluating Corporate Social Responsibility in Saudi Banks Islamic Banks. Unpublished Dissertation in MA Islamic Finance, Durham Centre for Islamic Economics and Finance, Durham University, UK.
  • Asutay, M. 2007a. A Political Economy Approach to Islamic Economics: Systemic Understanding for an Alternative Economic System, Kyoto Journal of Islamic Area Studies 1(2): 3-18.
  • _.2007b. Conceptualisation of the Second Best Solution in Overcoming the Social Failure of Islamic Banking and Finance: Examining the Overpowering of Homoislamicus by Homoeconomicus, IIUM Journal of Economics and Management 15(2): 167-195.
  • _.2008. Islamic Banking and Finance: Social Failure, New Horizon Issue: 169: 1-3, OctoberDecember (London, published by IIBI).
  • _.2010a. Islamic Microfi nance: Fulfi lling Social and Developmental Expectations. In QFinance ed. , Islamic Finance: Instruments and Markets. London: Bloomsbury, pp. 25-29.
  • _.2010b. Islamic Banking and Finance and its Role in the GCC and the EU Relationship: Principles, Developments and the Bridge Role of Islamic Finance. In C. Koch and L. Stenberg eds., The EU and the GCC: Challenges and Prospects. Dubai: Gulf Research Center, pp. 35-58.
  • _.2010c. Locating the Moral Defi cit in Islamic Finance Emerging Divergence between Aspiration and Realities of Islamic Moral Economy and Islamic Finance. Paper presented at the Second Workshop on Islamic Finance— What Islamic Finance Does (not) Change—March 17th, 2010, EM Strasbourg Business School, Strasbourg, France.
  • Asutay, M. and E. Aksak. 2011. Does Islamic Finance Make the World Economically and Financially Safer? Paper presented at the Eighth International Conference on Islamic Economics & Finance: Sustainable Growth and Inclusive Economic Development from an Islamic Perspective, in Doha, Qatar, on December 18-20, 2011, organised by Qatar Faculty of Islamic Studies, IAIE, IRTI and SESRIC.
  • Ayub, M. 2007. Understanding Islamic Finance. Chichester, West Sussex: John Wiley & Sons Ltd. Chapra, M. U. 1992. Islam and the Economic Challenge. Leicester: The Islamic Foundation.
  • _.2000. The Future of Economics: An Islamic Perspective. Leicester: The Islamic Foundation. Chong, B. S. and M. H. Liu. 2009. Islamic Banking: Interest- Free or Interest-Based? , Pacifi c-Basin Finance Journal 17: 125-144.
  • Choudhury, M. A. and Z. Hoque. 2006. Corporate Governance in Islamic Perspective, Corporate Governance 6(2): 116-128.
  • Dusuki, A. W. 2007. The Ideal of Islamic Banking: A Survey of Stakeholders’ Perception, Review of Islamic Economics 11-Special Issue: 29-52.
  • El-Gamal, M. A. 2006. Islamic Finance: Law, Economics and Practice. New York: Cambridge University Press.
  • Gan, P. T. and K. T. Kwek. 2010. Optimal Monetary Policy for Malaysia: Islamic Rule versus Conventional Rule, Review of Islamic Economics 14(2): 47-68.
  • Haniffa, R. and M. Hudaib. 2007. Exploring the Ethical Identity of Islamic Financial Institutions via Communication in the Annual Reports, Journal of Business Ethics Special Issue 76(1): 103-122.
  • Hasan, Zubair. 2007. Fifty Years of Malaysian Economic Development: Policies and Achievements, Review of Islamic Economics 1(2): 101-118.
  • Hasan, Zulkifl i and M. Asutay. forthcoming. Measuring the State of Islamic Governance in Islamic Financial Institutions: Islamic Governance Index.
  • Hassan, M. K., M. Rashid, Md. Y. Imran and A. I. Shahid. 2010. Ethical Gaps and Market Value in the Islamic Banks of Bangladesh, Review of Islamic Economics 14(1): 49-76.
  • Iqbal, M. and P. Molyneux. 2005. Thirty Years of Islamic Banking: History, Performance and Prospects. London: Palgrave-Macmillan.
  • Jan, S. 2011. Evaluating the Performance of Islamic Banks in Suggesting an Islamic Model of Development. Durham Centre for Islamic Economics and Finance, Durham University, UK. (Mimeograph).
  • Mayer, A. E. 1985. Islamic Banking and Credit Policies in the Sadat Era: The Social Origin of Islamic Banking in Egypt, Arab Law Quarterly 1(1): 32-50.
  • Mohd Nor, S. and M. Asutay. 2011. Re-Considering CSR and Sustainability Identity of Islamic Banks in Malaysia: An Empirical Analysis. Paper presented at the Eighth International Conference on Islamic Economics & Finance: Sustainable Growth and Inclusive Economic Development from an Islamic Perspective, in Doha, Qatar, on December 18-20, 2011, organised by Qatar Faculty of Islamic Studies, IAIE, IRTI and SESRIC.
  • Nagaoka, S. 2007. Beyond the Theoretical Dichotomy in Islamic Finance: Analytical Reflections on Murabahah Contracts and Islamic Debt Securities, Kyoto Bulletin of Islamic Area Studies 1(2): 72-91.
  • Naqvi, S. N. H. 1981. Ethics and Economics: An Islamic Synthesis. Leicester: Islamic Foundation.
  • _.1994. Islam, Economics, and Society. London: Kegan Paul International.
  • _.2003. Perspectives on Morality and Human Well-Being: A Contribution to Islamic Economics. Leicester: Islamic Foundation.
  • Safi eddine, A. 2009. Islamic Financial Institutions and Corporate Governance: New Insights for Agency Theory, Corporate Governance: An International Review 17(2): 142-158.
  • Sarially, S. 2005. Evaluating the ‘Social Responsibility’ of Islamic Finance: Learning from the Experiences of Socially Responsible Investment Funds, in the Proceedings of the International Conference in Islamic Economics and Finance, Islamic Economics and Banking in the 21st Century, Jakarta, Indonesia, November 21-24, 2005, Volume 1, pp. 433-472.
  • Siddiqi, M. N. 1981. Muslim Economic Thinking: A Survey of Contemporary Literature. Leicester: The Islamic Foundation.
  • _.2004. What Went Wrong? Keynote Address at the Roundtable on Islamic Economics: Current State of Knowledge and Development of Discipline held at Jeddah, Saudi Arabia on 26-27 May 2004 under the joint auspices of the Islamic Research and Training Institute, Jeddah; and the Arab Planning Institute, Kuwait. (December 13, 2006)
  • The Banker. 2010. Special Issue on Islamic Banks. London.
  • Tripp, C. 2006. Islam and the Moral Economy: The Challenges of Capitalism. Cambridge: Cambridge University Press.
  • Warde, I. 2000. Islamic Finance in the Global Economy. Edinburgh: Edinburgh University Press.
  • Wilson, R. 2007. Islamic Banking in the West. In K. M. Hassan and M. K. Lewis eds., Handbook of Islamic Banking. Cheltenham: Edward Elgar, pp. 419- 432.
  • Zaman, N. and M. Asutay. 2009. Divergence between Aspirations and Realities of Islamic Economics: A Political Economy Approach to Bridging the Divide, IIUM Journal of Economics and Management 17(1): 73-96.
Toplam 42 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Research Article
Yazarlar

Mehmet Asutay Bu kişi benim

Mustafa Kenan Erkan Bu kişi benim

Yayımlanma Tarihi 1 Ocak 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 3 Sayı: 1

Kaynak Göster

ISNAD Asutay, Mehmet - Erkan, Mustafa Kenan. “İslami Finansın Sosyal Başarısızlığının Belirlenmesi Ve Kavramsallaştırılması: İslam Ahlâk İktisadının İdeallerine Karşı İslami Finansın Gerçekleri”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 3/1 (Ocak 2015), 125-144.