The Islamic financial industry: what is its role in the moralization of financial markets?

This article tries to show the importance of the ethics of the Islamic financial industry in the financial markets, in order to see how it can contribute in making the practices of Western Classical financial markets more ethical. The Islamic financial industry has diversified to reach several segments of modern finance. It offers a series of financial reforms and techniques at the heart of the classical economic system. Through its principles on which its institutional system is based, which take into account the ethical and social aspect in the business world, this industry has the ability to cope with the phenomena of crises and fluctuations, preventing monopolies, fraud and deception, and promoting rational behavior against speculation. This reality makes financial markets a factor of stability, a development tool and a means of accumulating savings and financing projects… Indeed, if the so-called ethical Islamic financial industry certainly makes it possible to introduce an important ethical dimension into the moralization of the financial markets, it is not definitely free from faults and limits.