Ethical Banking in the Land of Redistributive Policies

Europe is the land of redistributive policies which has evolved as a tolerant society in which various ethnic and religious minorities are existing and thriving both on individual and corporate level. One such prominent example is of Islamic banking and finance which is based on ethical principles. Despite its low share of the global financial market, it has been one of the fastest growing segments in the field of finance over the last decades and has gained further momentum in the wake of recent economic crisis. This book examines the seriousness of the erudite way of Islamic banking and finance, with a special focus on Europe. Precisely, it traces the historical milestones of Islamic banking and finance into Europe. Showcases the evolution of the erudite way of Islamic banking over the years while concentrating on active European Islamic finance markets i.e. France, Germany and United Kingdom. Also, critically analysis the current practices of Islamic financial institutions in the said markets. Lastly, identifies some of the pivotal challenges facing Islamic banking industry and its future prospects in the region.