Proceedings of The 4th International Conference On Business, Management and Finance
Islamic Finance: Its Theory, Products and a Brief View of Islamic Finance in Europe
Ahmet Sekreter, Einstein Visiting Fellow
Although there are conceptual similarities in terms of financial products between conventional and Islamic finance, they are entirely different financial systems. Despite Islamic finance’s small size in the conventional finance world, its promising growth makes Islamic finance a hot topic both in academia and business world. Today customers can access sophisticated Islamic financial products not only in Muslim countries but also in Europe. This study analyzes Islamic finance, its theory, source of the theory, products and includes a brief overview of Islamic finance in Europe.
keywords: Islamic finance; Islamic banking; conventional finance; Sharia-compliant financial products; Islamic finance in Europe.