Religious context and its influence on banking sector regulation
Ramazanova A. Sabitova A. Orsayeva R. Bairkenova G. Smailova I.
2023Inderscience Publishers
International Journal of Business Governance and Ethics
2023#17Issue 6673 - 688 pp.
The aim of the study is to identify typical religiously-based regulatory practices in the banking sector of secular states. With this end in view, the intersection of religion and banking was qualitatively analysed, as well as confessional-based economies of Judaism, Christianity, and Islam were characterised. The results obtained provide evidence that religion exerts a notable influence on the social and economic life of the country. The Jewish banking system is based on the analogy of the Islamic finance paradigm – it is built upon Sharia law but provides services for the population according to national jurisdiction of the state and the laws of the Torah. In the meantime, the regulation of basic banking practices in the Christian tradition is not religiously conditioned. The originality of this study is in the analytical tool designed to manage financial activities within the particular economic system while making allowances to the moral values of society. Copyright
bank , business ethics , economic behaviour , Islamic society , religion
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Department of Law, Sarsen Amanzholov East Kazakhstan University, Ust-Kamenogorsk, Kazakhstan
Department of Law
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026