Islamic Finance, Religious Norms and Financial Practices

Policy brief

Brekke, Torkel; Kaja Borchgrevink & Edin Kozaric (2021) Islamic Finance, Religious Norms and Financial Practices, PRIO Policy Brief, 15. Oslo: PRIO.

The prohibition of riba – commonly translated as interest – is a central idea in Islam. What does this mean for Muslims in the Nordic countries? Does the absence of interest-free financial alternatives affect people’s everyday lives and their financial choices and opportunities? Here, we shed light on these questions and present key findings from the project ‘FINEX – Financial Exclusion, Islamic Finance and Housing in the Nordic Countries’.

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