An Overview of The Literature and Practices of Islamic Economics and Finance in Europe

Abstract

The importance of studies on Islamic economics and finance in Europe has increased from the middle of the 20th century to the present. It is aimed to show the studies and practices in the field of Islamic economics and finance, as well as their development processes in Europe in this essay. The countries that included in our work about Islamic economics and finance in Europe are as follows, UK, Netherlands, Germany, France, Sweden, Lithuania, Italy and Switzerland.
 It was examined in detail in which research centers study on this field were carried out by touching on where and how Islamic economics and finance first emerged in Europe in this study. Also, the articles, theses, and books, published by experts working on the development of Islamic economics and finance in Europe, are included. In particular, recommendations are given deductively from historical trends, sources, information and methodological possibilities in the development of modern Islamic economics and finance. This study reveals that important researches and studies have been carried out in the fields of Islamic economics and finance in Europe in terms of both theory and practice. Also, it is observed that there are many experts and academicians who leading the studies in the field of Islamic economics and finance, and that financial centers in Europe have taken important steps towards globalization.