Religious context and its influence on banking sector regulation

Q3 Business, Management and Accounting

International Journal of Business Governance and Ethics Pub Date : 2023-01-01 DOI:10.1504/ijbge.2023.134202

Ainur Ramazanova, Assyl Sabitova, Raissa Orsayeva, Gulmira Bairkenova, Indira Smailova

引用次数: 0

Abstract

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.

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宗教背景及其对银行业监管的影响

本研究的目的是确定世俗国家银行业中典型的基于宗教的监管实践。为此目的，对宗教和银行的交叉进行了定性分析，并对犹太教、基督教和伊斯兰教以忏悔为基础的经济进行了定性分析。研究结果表明，宗教对国家的社会和经济生活有着显著的影响。犹太银行体系是基于对伊斯兰金融模式的类比——它建立在伊斯兰教法的基础上，但根据国家的国家管辖权和托拉的法律为人民提供服务。与此同时，基督教传统中对基本银行业务的监管不受宗教限制。这项研究的独创性在于其分析工具旨在管理特定经济体系内的金融活动，同时考虑到社会的道德价值观。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Business Governance and Ethics Business, Management and Accounting-Business and International Management

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： Issues of governance, responsibility and accountability are becoming increasingly important as the world, simultaneously, becomes dominated by corporations, interconnected via forces of globalisation and transparent through heightened media attention and the rise in internet-led democracy. Companies, and in particular leaders of business, can no longer hide from their responsibilities to wider stakeholder community by claims of ignorance of corporate malpractices and of failure. Boards of directors are being increasingly made responsible for both the successes and failures of their companies, as well as their own conduct and behaviours. Actions of business have increasingly become a concern not just for shareholders but also for the wider community at large.