{"id":"https://openalex.org/W4381485878","doi":"https://doi.org/10.55237/jie.1175883","title":"Islamic Finance: Fit for Purpose or Mere Replication?","display_name":"Islamic Finance: Fit for Purpose or Mere Replication?","publication_year":2023,"publication_date":"2023-06-21","ids":{"openalex":"https://openalex.org/W4381485878","doi":"https://doi.org/10.55237/jie.1175883"},"language":"en","primary_location":{"id":"doi:10.55237/jie.1175883","doi":"https://doi.org/10.55237/jie.1175883","is_oa":true,"landing_page_url":"https://doi.org/10.55237/jie.1175883","pdf_url":"https://dergipark.org.tr/en/download/article-file/2653154","source":{"id":"https://openalex.org/S4387289252","display_name":"\u0130slam Ekonomisi Dergisi","issn_l":"2822-2326","issn":["2822-2326"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"\u0130slam Ekonomisi Dergisi","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://dergipark.org.tr/en/download/article-file/2653154","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5092222660","display_name":"\u0130lkay KAYA","orcid":"https://orcid.org/0000-0001-6631-8351","observed_orcids":["https://orcid.org/0000-0001-6631-8351"]},"institutions":[{"id":"https://openalex.org/I124261462","display_name":"Oxford Brookes University","ror":"https://ror.org/04v2twj65","country_code":"GB","type":"education","lineage":["https://openalex.org/I124261462"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"\u0130lkay KAYA","raw_affiliation_strings":["Oxford Brookes University"],"raw_orcid":"https://orcid.org/0000-0001-6631-8351","affiliations":[{"raw_affiliation_string":"Oxford Brookes University","institution_ids":["https://openalex.org/I124261462"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5092222660"],"corresponding_institution_ids":["https://openalex.org/I124261462"],"apc_list":null,"apc_paid":null,"fwci":3.3778,"has_fulltext":true,"cited_by_count":10,"citation_normalized_percentile":{"value":0.92536936,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"3","issue":"2","first_page":"1","last_page":"18"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13646","display_name":"Qur\u2019anic Interpretation Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1212","display_name":"Religious studies"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12651","display_name":"Halal products and consumer behavior","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.9990000128746033},{"id":"https://openalex.org/keywords/prohibition-of-interest","display_name":"riba prohibition","score":0.8519999980926514},{"id":"https://openalex.org/keywords/substance-over-form","display_name":"substance over form","score":0.7760000228881836},{"id":"https://openalex.org/keywords/islamic-finance-contracts","display_name":"Islamic finance contracts","score":0.578000009059906},{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.609000027179718},{"id":"https://openalex.org/keywords/financial-inclusion","display_name":"financial inclusion","score":0.6869999766349792},{"id":"https://openalex.org/keywords/partnership-financing","display_name":"partnership financing","score":0.6340000033378601},{"id":"https://openalex.org/keywords/risk-sharing","display_name":"risk sharing","score":0.7120000123977661},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.7590000033378601}],"concepts":[{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.781640887260437},{"id":"https://openalex.org/C2777362836","wikidata":"https://www.wikidata.org/wiki/Q1144825","display_name":"Righteousness","level":2,"score":0.7282374501228333},{"id":"https://openalex.org/C200113983","wikidata":"https://www.wikidata.org/wiki/Q48324","display_name":"Morality","level":2,"score":0.6147154569625854},{"id":"https://openalex.org/C2778692574","wikidata":"https://www.wikidata.org/wiki/Q5410500","display_name":"Faith","level":2,"score":0.6051192283630371},{"id":"https://openalex.org/C2777222677","wikidata":"https://www.wikidata.org/wiki/Q2514663","display_name":"Worship","level":2,"score":0.5996648669242859},{"id":"https://openalex.org/C2779703888","wikidata":"https://www.wikidata.org/wiki/Q1353213","display_name":"Islamic economics","level":3,"score":0.5120676159858704},{"id":"https://openalex.org/C2778832681","wikidata":"https://www.wikidata.org/wiki/Q157188","display_name":"Usury","level":3,"score":0.45957469940185547},{"id":"https://openalex.org/C50335755","wikidata":"https://www.wikidata.org/wiki/Q483247","display_name":"Phenomenon","level":2,"score":0.4167672097682953},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.4042430818080902},{"id":"https://openalex.org/C190253527","wikidata":"https://www.wikidata.org/wiki/Q295354","display_name":"Law and economics","level":1,"score":0.3726978302001953},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.345369815826416},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.3212141990661621},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.3204139471054077},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.2927088439464569},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.27097225189208984},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2702941596508026},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.16818958520889282}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.55237/jie.1175883","doi":"https://doi.org/10.55237/jie.1175883","is_oa":true,"landing_page_url":"https://doi.org/10.55237/jie.1175883","pdf_url":"https://dergipark.org.tr/en/download/article-file/2653154","source":{"id":"https://openalex.org/S4387289252","display_name":"\u0130slam Ekonomisi Dergisi","issn_l":"2822-2326","issn":["2822-2326"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"\u0130slam Ekonomisi Dergisi","raw_type":"journal-article"},{"id":"pmh:oai:dergipark.org.tr:article/1175883","doi":null,"is_oa":false,"landing_page_url":"https://dergipark.org.tr/tr/pub/jie/issue/78214/1175883","pdf_url":null,"source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:doaj.org/article:8547a677f60c4f39b0b71fe9f6889989","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/8547a677f60c4f39b0b71fe9f6889989","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Islamic Economics, Vol 3, Iss 2, Pp 1-18 (2023)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.55237/jie.1175883","doi":"https://doi.org/10.55237/jie.1175883","is_oa":true,"landing_page_url":"https://doi.org/10.55237/jie.1175883","pdf_url":"https://dergipark.org.tr/en/download/article-file/2653154","source":{"id":"https://openalex.org/S4387289252","display_name":"\u0130slam Ekonomisi Dergisi","issn_l":"2822-2326","issn":["2822-2326"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"\u0130slam Ekonomisi Dergisi","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4381485878.pdf","grobid_xml":"https://content.openalex.org/works/W4381485878.grobid-xml"},"referenced_works_count":22,"referenced_works":["https://openalex.org/W257366948","https://openalex.org/W401152813","https://openalex.org/W594093807","https://openalex.org/W1527195132","https://openalex.org/W2015176410","https://openalex.org/W2044813386","https://openalex.org/W2071758280","https://openalex.org/W2137787185","https://openalex.org/W2193255082","https://openalex.org/W2321620347","https://openalex.org/W2499067121","https://openalex.org/W2506056709","https://openalex.org/W2900954495","https://openalex.org/W2905437703","https://openalex.org/W2992225386","https://openalex.org/W3120774983","https://openalex.org/W4206051650","https://openalex.org/W4211000868","https://openalex.org/W4211132329","https://openalex.org/W4230506323","https://openalex.org/W4245500731","https://openalex.org/W4300349339"],"related_works":["https://openalex.org/W3180798907","https://openalex.org/W7111213249","https://openalex.org/W4238763198","https://openalex.org/W7163907073","https://openalex.org/W7215710833","https://openalex.org/W4206051650","https://openalex.org/W3192759014","https://openalex.org/W2263322270","https://openalex.org/W7111365836","https://openalex.org/W1504071156"],"abstract_inverted_index":{"The":[0],"form":[1,25],"versus":[2],"substance":[3,23,147],"issue":[4],"is":[5,26,30,45,89,99,125,140,151,158,194,255,266,276,293],"not":[6,31,100,126],"a":[7,121,171,340],"new":[8,391],"phenomenon":[9],"in":[10,49,64,153,177,234,244,247,268,350,373],"Islamic":[11,175,198,227,235,262,282,295,311,337,385],"finance.":[12],"Beyond":[13],"question,":[14],"one":[15,46],"of":[16,22,66,131,145,156,174,191,213,249,281,301,307,321,329,380,404,409],"the":[17,20,38,41,51,54,56,59,73,75,77,86,92,110,114,129,143,146,154,178,189,211,242,261,271,279,299,305,308,319,327,376,384,402,407,410],"verses":[18],"emphasising":[19],"superiority":[21],"over":[24,148],"surah":[27],"al-Baqarah:":[28],"\u2018Righteousness":[29],"that":[32,91,124],"you":[33],"turn":[34,102],"your":[35],"faces":[36],"toward":[37],"east":[39,106],"or":[40,107,161],"west,":[42],"but":[43],"righteousness":[44],"who":[47,78,331],"believes":[48],"Allah,":[50],"last":[52],"day,":[53],"angels,":[55],"Book,":[57],"and":[58,61,82,95,134,180,217,237,291,304,325,378,400],"prophets":[60],"gives":[62],"wealth,":[63],"spite":[65],"love":[67],"for":[68,80,97,355],"it,":[69],"to":[70,101,186,209,241,258,298,334,353,361,366,389,394],"relatives,":[71],"orphans,":[72],"needy,":[74],"traveller,":[76],"ask":[79],"help,":[81],"freeing":[83],"slaves\u2026\u2019(2:177)":[84],"In":[85,136,163],"verse,":[87],"it":[88,139],"stated":[90],"true":[93],"goodness":[94],"respect":[96],"Allah":[98],"its":[103,181,367],"face":[104],"towards":[105],"west":[108],"during":[109],"worship.":[111],"Put":[112],"differently,":[113],"Qur\u2019an":[115],"idealises":[116],"an":[117],"understanding":[118,144],"wider":[119],"than":[120],"mere":[122],"formalism":[123],"based":[127],"on":[128,274,343],"virtues":[130],"faith,":[132],"religion,":[133],"morality.":[135],"this":[137,164],"article,":[138,165],"discussed":[141],"whether":[142],"form,":[149],"which":[150,205,230,238,265,346],"adopted":[152],"sources":[155],"Islam,":[157],"fully":[159],"implemented":[160],"not.":[162],"first,":[166],"prohibitions":[167],"against":[168],"riba":[169,214],"(as":[170],"guiding":[172],"principle":[173],"finance)":[176],"Quran":[179],"historical":[182,219],"roots":[183],"are":[184,221,231,239,252],"examined":[185],"understand":[187],"what":[188,259],"purpose":[190],"these":[192],"restrictions":[193],"by":[195,317],"looking":[196],"at":[197],"finance":[199,228,246,263,283,288,296,312,386],"philosophy.":[200],"Second,":[201],"various":[202],"contract":[203],"types":[204],"have":[206],"been":[207],"used":[208,233],"circumvent":[210],"prohibition":[212],"through":[215],"hilah":[216],"their":[218],"origins":[220],"also":[222,256,359],"be":[223,348],"criticised.":[224],"Lastly,":[225],"some":[226],"contracts,":[229],"frequently":[232],"finance,":[236],"similar":[240],"contracts":[243],"conventional":[245,287,398],"terms":[248],"economic":[250],"outcome,":[251],"examined.":[253,294],"It":[254,358],"evaluated":[257],"extent":[260],"sector,":[264],"structured":[267],"line":[269,374],"with":[270,375],"classical":[272],"view":[273],"riba,":[275],"unique.":[277],"Also,":[278],"criticism":[280],"being":[284],"same":[285],"as":[286],"both":[289],"economically":[290],"legally":[292],"contributes":[297,360],"expansion":[300],"financial":[302,309,315,323,335,363,370],"inclusion":[303,328],"growth":[306],"industry.":[310],"may":[313,347],"enhance":[314],"access":[316,333,352],"broadening":[318],"scope":[320],"available":[322],"products":[324,371,393],"promoting":[326],"individuals":[330],"lack":[332],"services.":[336],"banking":[338,399],"has":[339],"strong":[341],"emphasis":[342],"partnership-style":[344],"financing,":[345],"helpful":[349],"enhancing":[351,362],"capital":[354],"small":[356],"businesses.":[357],"stability":[364],"due":[365],"relatively":[368],"uncorrelated":[369],"operating":[372],"risk-sharing":[377],"avoidance":[379],"leverage":[381],"principles.":[382],"However,":[383],"industry":[387],"needs":[388],"develop":[390],"innovative":[392],"differentiate":[395],"itself":[396],"from":[397],"accommodate":[401],"concerns":[403],"investors":[405],"regarding":[406],"authenticity":[408],"system.":[411]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2023-06-22T00:00:00"}