Soul Searching and Profit Seeking: Reconciling the Competing Goals of Islamic Finance

Holly E. Robbins
Vol. 88, Issue 5
Note appears in Issue 5
88 Texas L. Rev. 1125 (2010)

In this Note, Robbins explores the worldwide growth of the Islamic finance industry. She notes that the Islamic finance system has not enjoyed widespread acceptance, due in large part to the fact that the industry lacks what some consider a necessary cohesive and overarching governance structure. Robbins outlines three general proposals aimed at addressing this problem: (1) streamlining the educational system for Islamic financial experts; (2) new methods for avoiding conflicts of interests among the field’s influential scholars; and (3) suggested changes for rating the levels of compliance of Islamic financial institutions and companies.

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