Religion-Compliant Financing as a Model for the New Ethical Economics
DOI:
https://doi.org/10.37467/gka-revsocial.v1.1216Keywords:
Lending Money at Interest, Social Pluralism, Sustainable Models, Canonical Prohibition, Law and Economics, Utilitarianism, Islamic Bank, Credit Disbursement, Participatory Model, Ethica EconomicsAbstract
This article attempts to analyze the precedent of for-profit businesses in the religious sector vis à vis the influence religion has exerted in various material spheres in recent years. Reflecting upon this will help us analyze the dialectic between moral precepts and financial competitiveness on the basis of experimental models in the Abrahamic monotheisms. The reconciliation of these imperatives lies at the core of the dilemma the modern-day discipline of ethical economics must face. In this regard, legislators have a task that is at once arduous and ambitious: to harmonize these different religions, thereby averting dangerous confrontations, and translate them to secular and pluralistic models—in particular, to mixed business-legal instruments capable of ensuring efficiency while retaining the necessary ethical competence. Therefore, in this article, we will see how a religion-compliant financing model emerges as the prudent path toward a solid financial model for society as a whole.
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