Religion-compliant Financing as a Model for the New Ethical Economics

By Andrea Nuvoli.

Published by The International Journal of Interdisciplinary Global Studies

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

This article attempts to analyze the precedent of for-profit businesses in the religious sector vis à vis the influence religion has exerted in various material spheres in recent years. Reflecting upon this will help us analyze the dialectic between moral precepts and financial competitiveness on the basis of experimental models in the Abrahamic monotheisms. The reconciliation of these imperatives lies at the core of the dilemma the modern-day discipline of ethical economics must face. In this regard, legislators have a task that is at once arduous and ambitious: to harmonize these different religions, thereby averting dangerous confrontations, and translate them to secular and pluralistic models—in particular, to mixed business-legal instruments capable of ensuring efficiency while retaining the necessary ethical competence. Therefore, in this article, we will see how a religion-compliant financing model emerges as the prudent path toward a solid financial model for society as a whole.

Keywords: Lending Money at Interest, Social Pluralism, Sustainable Models, Canonical Prohibition, Law and Economics, Utilitarianism, Islamic Bank, Credit Disbursement, Participatory Model, Ethical Economics

The International Journal of Interdisciplinary Global Studies, Volume 7, Issue 2, pp.25-38. Article: Print (Spiral Bound). Article: Electronic (PDF File; 625.759KB).

Prof. Andrea Nuvoli

Associate Professor, Law Department, Universidad Abat Oliva CEU, Barcelona, Barcelona, Spain

Prof. Nuvoli is Professor of Comparative Law and Solidarity Economy in the Law Department at the University Abat Oliba CEU (Barcelona, Spain). He obtained his Law Degree at the University of Sassari (Italy) with the qualification Magna Cum Laude with a thesis on “Contracts in Islamic Law. Comparative Profiles” and a two years post-lauream Diploma of Specialization in Legal Professions (Specialization School for Legal Professions, Faculty of Law, University of Sassari, Italy). After that, he received a one-year Master’s in International Business Law from ESADE Business School (University Ramon LLull, Barcelona, Spain) and a took a course in Transnational Legal Studies from CTLS (Centre for Transnational Legal Studies, Georgetown University, U.S). During the years 2010–2012, he has worked as a Researcher of Private Comparative Law at the Faculty of Law of University of Sassari (Italy). He is admitted to practice as a Lawyer in Italy (Avvocato) and Spain (Abogado).