Revisiting the Mission of Islamic Finance Amid Rising Global Consumerism

Abstract

A deepening culture of consumerism increasingly defines modern economic life; an ethos systematically engineered and sustained by capitalist financial structures and, more specifically, by the evolving business models of commercial banks. What began historically as an intermediary role for facilitating productive activity has shifted into an elaborate financial architecture that promotes relentless consumption, often at the cost of social stability, ethical values, and long-term shared well-being.