Islamic finance strays from its core discourse: scholar


TEHRAN (IQNA) – An expert on Islamic economics says the issue of Islamic finance has deviated from the main course.

“I think the problem with Islamic finance is not its growth. The problem with Islamic finance is that it has deviated from the main narrative that human-centered development tools are used to add value to people in the Islamic world and the rest of the world. This is rightly the main reason for the talks about restructuring Islamic banking,” Alija Avdukic told IQNA in an exclusive interview.

The Islamic finance system has come under increased scrutiny in recent years, especially after its performance in the era of Covid-19. It looks like this system will gain more appeals in the coming years by various companies across the world.

Alija Avdukic is an Islamic Finance Researcher and Deputy Director of the MSc in Islamic Finance track at the University of Dundee. He holds a BA from Al-Azhar University (Egypt) and a BA from Damascus University (Syria); he pursued for a postgraduate degree in Islamic Studies from Al-Fatih Institute (Syria); MA in Islamic Economics, Finance and Management University of Gloucestershire (UK); and doctorate. in Islamic Political Economy and Finance, Durham University (UK).

He teaches and supervises research on Islamic political economy; Islamic moral economy; Islamic banking, finance and management; Political economy of development in the Muslim world and topics related to Islamic studies.

Interview with Mohammad Hassan Goodarzi


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