An epistemological approach to evaluating a financial index of profitability and wellbeing: the case of Islamic instruments in National Commercial Bank, Saudi Arabia
Abstract
Asserts that the world needs to integrate economic issues with social demands and discusses ideas on the unity of knowledge (including Islamic theories). Develops a string model of the process of unification as seen by the Koran and applies it to the Islamic financing division of a Saudi Arabian bank to show how it can produce an “interactive financial index” encompassing social well‐being, economic development and financial profitability. Claims that this could not be achieved in any other way and contrasts the Islamic approach with mainstream economic ideas. Assesses how the Islamic approach works in practice by looking at the bank’s portfolio and relating it to social well‐being and policy.
Keywords
Citation
Alam Choudhury, M. and Al‐Hallaf, H.M. (2001), "An epistemological approach to evaluating a financial index of profitability and wellbeing: the case of Islamic instruments in National Commercial Bank, Saudi Arabia", Managerial Finance, Vol. 27 No. 10/11, pp. 87-113. https://doi.org/10.1108/03074350110767592
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited