Revue des reformes Economique et intégration dans l’économie mondiale
Volume 20, Numéro 1, Pages 31-39
2026-06-08
Islamic Banking Ethics: A Critical Theoretical Approach Between Sharia Principles And Practical Limitations
Authors : Chebila Aicha .
Abstract
The current paper discusses the issue of ethics in Islamic banking and considers the discrepancy between the Sharia approach and the actual performance. To do this, the basic principles of Islamic finance are analyzed; specifically, the prohibition of interest payments, the introduction of risk-sharing schemes, asset-based transactions, and compliance with Sharia regulatory requirements. Based on the documentary analysis and literature review, the article proves that Islamic banks are guided by certain ethical principles and that there is a well-established control structure, including Sharia supervisory committees and related regulations. At the same time, the research has found some disadvantages. Namely, many Islamic financial instruments resemble their counterparts in terms of structure; more precisely, such contracts as murabaha play a key role. Moreover, there are differences in interpretations of Sharia provisions. Overall, it is possible to conclude that despite having solid ethical principles, the Islamic banking industry is not completely free from flaws.
Keywords
Islamic banking ; Ethics ; Sharia ; governance ; Islamic finance ; critical analysis
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