Islamic Wealth Management and Some Unconventional Thoughts

Q Report, Issue 1, 2013

10 Pages Posted: 9 Apr 2013

Date Written: March 1, 2013

Abstract

As part of Islamic finance industry, one of the areas that has become quite popular is Islamic wealth management (IWM). How IWM is distinguished from its conventional counterparts? How closely the current practices correspond with the maqasid of Islamic finance? This brief paper provides a brief survey of the relevant ideas and proposes ways to make IWM connected with the real economy.

Keywords: Wealth management, Islamic wealth management, maqasid

JEL Classification: G24, G29

Suggested Citation

Farooq, Mohammad Omar, Islamic Wealth Management and Some Unconventional Thoughts (March 1, 2013). Q Report, Issue 1, 2013, Available at SSRN: https://ssrn.com/abstract=2246352

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