Religion-Compliant Financing as a Model for the New Ethical Economics

  • Andrea Nuvoli Universidad Abat Oliva CEU
Keywords: Lending Money at Interest, Social Pluralism, Sustainable Models, Canonical Prohibition, Law and Economics, Utilitarianism, Islamic Bank, Credit Disbursement, Participatory Model, Ethica Economics

Abstract

This article attempts to analyze the precedent of for-profit businesses in the religious sector vis à vis the influence religion has exerted in various material spheres in recent years. Reflecting upon this will help us analyze the dialectic between moral precepts and financial competitiveness on the basis of experimental models in the Abrahamic monotheisms. The reconciliation of these imperatives lies at the core of the dilemma the modern-day discipline of ethical economics must face. In this regard, legislators have a task that is at once arduous and ambitious: to harmonize these different religions, thereby averting dangerous confrontations, and translate them to secular and pluralistic models—in particular, to mixed business-legal instruments capable of ensuring efficiency while retaining the necessary ethical competence. Therefore, in this article, we will see how a religion-compliant financing model emerges as the prudent path toward a solid financial model for society as a whole.

Author Biography

Andrea Nuvoli, Universidad Abat Oliva CEU
Abogado y profesor, su área de conocimiento es el Derecho Comparado y está desarrollando una tesis doctoral sobre los negocios onerosos como precedente de los esquemas éticos, como el microcrédito. Ha estudiado Derecho en Italia (matrícula cum laude), para luego hacer un Master en ESADE (Barcelona) y un Curso de Especialización con la Universidad Georgetown en Londres.

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Published
2012-03-06
How to Cite
Nuvoli, A. (2012). Religion-Compliant Financing as a Model for the New Ethical Economics. SOCIALreview. International Social Sciences Review / Revista Internacional De Ciencias Sociales, 1(2). https://doi.org/10.37467/gka-revsocial.v1.1216
Section
Articles