Constructing justice: a practice-dependence approach to Islamic finance

Hamed, Mai Mohamed Awad (2017). Constructing justice: a practice-dependence approach to Islamic finance. University of Birmingham. Ph.D.

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Abstract

This thesis seeks to better understand and evaluate the practice of Islamic finance. In order to do this, the thesis employs a practice-dependent, or constructivist, approach with the aim of identifying the principle or principles that inform, constrain and guide Islamic finance practices. The thesis proceeds by arguing that Islamic finance is a salient site of justice, with a clearly identifiable set of participants and shared set of aims. Having established this, the thesis goes on to demonstrate, through an analysis of the rules and operation of Islamic finance, that a distinct conception of justice can be identified as
informing the practice. The central claim of the thesis is that the practice of Islamic finance is guided by a sufficiency-constrained luck egalitarian principle. This principle, it is argued, not only helps us to better understand Islamic finance, but can also help us to evaluate existing Islamic finance practices and, where they are found wanting, offer guidance on how best to reform those practices.

Type of Work:

Thesis (Doctorates > Ph.D.)

Award Type:

Doctorates > Ph.D.

Supervisor(s):