The cultural and demographic aspects of the Islamic financial system and the potential for Islamic financial products in the German market

Inhaltsverzeichnis (Table of Contents)

• Acknowledgement
• List of content
• Contents in brief
• Contents
• List of tables
• List of figures
• List of Abbreviations
• List of Arabic terms
• Thesis
• Appendices
• References

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This diploma thesis examines the cultural and demographic aspects of the Islamic financial system and its potential for Islamic financial products within the German market. The objective is to analyze the viability of introducing Islamic financial products in Germany by exploring the cultural and demographic factors influencing their demand, as well as the legal and regulatory challenges.

• The history, cultural aspects, and principles of the Islamic financial system
• The cultural and financial landscape of Muslims in Germany
• The legal framework and potential for Islamic financial products in the German market
• The harmonization of German laws with Islamic principles
• The transformation of conventional financial instruments into Islamically compatible alternatives

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter A - Islam - History, Cultural Aspects, and Principles for the Financial System
  • This chapter provides a foundational understanding of Islam, outlining its history, key cultural elements, and principles governing the financial system.
  • It explores the five pillars of Islam and discusses the concept of Islamic banking.
• Chapter B - Muslims in Germany
  • This chapter examines the Muslim population in Germany, analyzing aspects such as demographics, cultural integration, and their financial status.
• Chapter C-Requirements and Proposals for Islamic Financial Products in the German Market
  • This chapter delves into the legal requirements and challenges posed by the German market for introducing Islamic financial products.
  • It explores the potential for harmonizing German laws with Islamic principles and proposes strategies for implementing Islamic financial activities in Germany.
  • The chapter concludes by examining the transformation of conventional equity financing concepts into Islamically compliant alternatives.

Schlüsselwörter (Keywords)

This thesis centers on the intersection of Islamic finance, cultural integration, and the German market. Key terms and concepts explored include Islamic financial system, Shariah principles, cultural and demographic aspects, legal framework, Islamic financial products, and harmonization of laws.