This paper scrutinizes the ethicality of Islamic banks’ (IBs’) business model by employing ‘objectives law’ (Maq?sid al-Shar?’ah). necessitates developing an ethical framework to construe two primary injunctions finance, namely rib? and gharar. The former embodies financial decoupling (aggravating risk-shifting) unjust price gouging (provoking economic stagnation exclusion), while latter involv...

one of the strong points of islamic banking, compared to conventional banking system, is the bank's sharing of both profits and losses of  funded activities in the framework of collaborative agreements. the proper implementation of partnership facilities requires respecting religious as well as financial and economic codes. as shown by the evidence, the objections made against the activiti...