Islamic banks often operate inside legal, tax and regulatory systems designed for conventional banking. This can create genuine practical constraints.
A limited concession used because of need is not the same as the ideal model. The direction should remain toward fuller implementation of the primary Shari‘ah principles, not permanent dependence on exceptions.
An exception for need should not be confused with the ideal benchmark.
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The Foundations of Islamic Economic Thinking
Islamic banks often operate inside legal, tax and regulatory systems designed for conventional banking. This can create genuine practical constraints.
A limited concession used because of need is not the same as the ideal model. The direction should remain toward fuller implementation of the primary Shari‘ah principles, not permanent dependence on exceptions.
An exception for need should not be confused with the ideal benchmark.