Since 2014
Development and perspectives of ethical finance in Iran
European Journal of Islamic Finance
View Archive Info| Field | Value | |
| Title |
Development and perspectives of ethical finance in Iran
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| Creator |
Papa, Massimo
Petrucciano, Francesco |
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| Subject |
Iran, Islam, Bonyad, Ethics, Finance, Law
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| Description |
— Iran has a rich and old tradition of ethical finance and economics. Well before the Islamic Revolution, institutes and initiatives were active in encouraging an inclusive vision of economy. Although re-elaborated under a different light, these concepts survived in the current Constitution, which defines economy using a “social” approach (art.43). Under this light, the legality of capitalism and that of the use of private investment are one of the pillars of economy itself (art.44) only if subordinated to religiously inspired ethical principles of justice and equity and in a way that makes of them a mere complement to State or to the corporative actors. Religious guidance is therefore immanent even in the very own definition of economy as a mean, and not as an end, to get social purposes like, inter alia, welfare, elimination of poverty and abolition of deprivation of means of self-sustainment. State-driven economics was nevertheless a prominent concept in original Iranian constitutional thought. Starting from the Nineties, financial and economic reforms have been leading the system from a corporatist vision that characterised the first fifteen years of existence of the Islamic Republic to a more actual social market, putting in discussion and somewhat re-inventing the relationship between the public and the private.
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| Publisher |
European Journal of Islamic Finance
European Journal of Islamic Finance |
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| Contributor |
—
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| Date |
2019-02-15
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.ojs.unito.it/index.php/EJIF/article/view/3074
10.13135/2421-2172/3074 http://www.ojs.unito.it/index.php/EJIF/article/download/3074/pdf |
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| Source |
European Journal of Islamic Finance; Special Issue Islamic and Social Finance: Comparing Policies and Solutions for Funding Public Infrastructures and Social Services at Global Level
European Journal of Islamic Finance; Special Issue Islamic and Social Finance: Comparing Policies and Solutions for Funding Public Infrastructures and Social Services at Global Level 2421-2172 |
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| Language |
eng
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| Relation |
http://www.ojs.unito.it/index.php/EJIF/article/view/3074/pdf
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| Rights |
Copyright (c) 2019 Massimo Papa, Francesco Petrucciano
http://creativecommons.org/licenses/by-sa/4.0 |
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