Editorial: The Pragmatics of Islamic Finance

Abstract

The importance of articles on business related cases in academic disciplines cannot be overemphasized particularly for disciplines like Islamic banking and finance that are fundamentally different from the conventional one and are in emerging stage. The academia in Islamic finance is usually criticized for its abstraction and oversighting of the pragmatics of Islamic Finance. The detailed practical knowledge, in addition to theoretical discussions, occurs at different stages in actual practices in any area, and more so in case of Islamic finance. Such contextually oriented knowledge, may be better documented as narrative cases, could be more useful for both enhancing the depth of academic understanding of Islamic finance models as well as their application in the light of the reported narratives.