The purpose of the paper is to encourage debate around the issues of the bank and Islamisation.
The work is an ideological examination of approaches to Islamisation and includes references to thinkers from Muslim history.
The Islamisation model is not wholly appropriate in the banking sector.
The paper highlights the limitations of the Islamisation approach and puts forward the case for another methodology, Namely the model of Islamication.
The impact of the author's recommendations, if followed would revolutionise the way banking is carried out.
The conceptualization of Islamication with regard to banking has not yet been academically formulated. This paper provides a platform to do this. Although Muslim societies and Muslims living in the West will be interested in the paper, non Muslim scholars Europe too, faced with a banking crisis may welcome some of the report's recommendations.
Ul‐Haq, R. (2012), "Viewpoints: when the Islamisation model doesn't work", Journal of Islamic Accounting and Business Research, Vol. 3 No. 1, pp. 57-66. https://doi.org/10.1108/17590811211216069
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