28
views
0
recommends
+1 Recommend
1 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      Sacred spaces in virtual places: Locating religion in the financial market

      research-article

      Read this article at

      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          Up until the late 1980s, Muslims had largely been excluded from participating in the global financial market due to their inability to discern halal (permissible) investments from non-permissible investments or income. This predicament changed after the endorsement and global adoption of the Shari'ah screen. The Shari'ah screen aims to ensure that organisations seeking to raise investment capital from pious investors in the financial market space are indeed acting within parameters that are religiously permissible for Muslim investors. Within one decade, the Shari'ah screen gave rise to a new space: the Islamic financial market space. While still small, this space has been growing faster than its secular counterpart. This paper utilises Kim Knott's spatial framework as a theoretical and methodological resource for exploring the boundaries between religion and non-religion. By examining the various ways in which the "sacred" operates across these boundaries, Knott's framework provides a critical lens through which to enable a systematic description, analysis, and contextualisation of Islam within the global financial market space-and, more so, how the Islamic financial market space is practised, represented, lived, produced, and reproduced.

          Related collections

          Most cited references23

          • Record: found
          • Abstract: not found
          • Article: not found

          The consequences of modernity

            Bookmark
            • Record: found
            • Abstract: not found
            • Article: not found

            Modernity and Self-Identity: Self and Society in the Late Modern Age

              Bookmark
              • Record: found
              • Abstract: not found
              • Article: not found

              The Poduction of Space

              H Lefebvre (1991)
                Bookmark

                Author and article information

                Contributors
                Role: ND
                Journal
                jsr
                Journal for the Study of Religion
                J. Study Relig.
                Association for the Study of Religion in Southern Africa (Durban )
                2413-3027
                2013
                : 26
                : 1
                : 23-44
                Affiliations
                [1 ] University of Cape Town
                Article
                S1011-76012013000200003
                3c596e63-cb33-4809-a91c-338d8ca5e21a

                http://creativecommons.org/licenses/by/4.0/

                History
                Product

                SciELO South Africa

                Self URI (journal page): http://www.scielo.org.za/scielo.php?script=sci_serial&pid=1011-7601&lng=en
                Categories
                Religion

                General religious studies
                General religious studies

                Comments

                Comment on this article