Islamic Finance in Finland

Perceptions of the Muslim Minority about Riba and Islamic Banking

Authors

  • Sanaa Kadi PhD student

DOI:

https://doi.org/10.13135/2421-2172/7162

Keywords:

riba;, Islamic banks, interest;, Islamic finance in Finland;, housing and Muslims in Finland

Abstract

Abstract— This is a research based on the results of a survey conducted with Muslims residing in Finland about the reasons for not taking usurious loans and their reluctance to pay interest, which affects significantly the Muslim community and leads to their financial exclusion, such as preventing them from owning a dwelling in Finland or investing their money in projects that are in compliance with their religion.

The results were exclusive and reflect the reality experienced by the Muslim minority in Finland. In addition to the interesting results observed, the non-existence of Islamic banking institutions in Finland makes this research unique because it explains how Muslims perceive usury and deal with it in an environment where the Muslim community is growing constantly but is still considered a minority.

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Published

2023-04-19

How to Cite

Kadi, S. (2023). Islamic Finance in Finland: Perceptions of the Muslim Minority about Riba and Islamic Banking. European Journal of Islamic Finance, 10(1), 44–60. https://doi.org/10.13135/2421-2172/7162

Issue

Vol. 10 No. 1 (2023)

Section

Peer-reviewed Articles

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Authors keep the copyrights for their work and give the journal the work's first publication copyright, which is at the same time licensed under a Creative Commons License – Attribution, which in turn allows other parties to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

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