Iran has a rich and old tradition of ethical finance and economics. Well before the Islamic Revolution, institutes and initiatives were active in encouraging an inclusive vision of economy. Although re-elaborated under a different light, these concepts survived in the current Constitution, which defines economy using a “social” approach (art.43). Under this light, the legality of capitalism and that of the use of private investment are one of the pillars of economy itself (art.44) only if subordinated to religiously inspired ethical principles of justice and equity and in a way that makes of them a mere complement to State or to the corporative actors. Religious guidance is therefore immanent even in the very own definition of economy as a mean, and not as an end, to get social purposes like, inter alia, welfare, elimination of poverty and abolition of deprivation of means of self-sustainment. State-driven economics was nevertheless a prominent concept in original Iranian constitutional thought. Starting from the Nineties, financial and economic reforms have been leading the system from a corporatist vision that characterised the first fifteen years of existence of the Islamic Republic to a more actual social market, putting in discussion and somewhat re-inventing the relationship between the public and the private.

Papa, M., Petrucciano, F. (2019). Development and perspectives of ethical finance in Iran. EUROPEAN JOURNAL OF ISLAMIC FINANCE, 1-5.

Development and perspectives of ethical finance in Iran

Papa, M;
2019-01-01

Abstract

Iran has a rich and old tradition of ethical finance and economics. Well before the Islamic Revolution, institutes and initiatives were active in encouraging an inclusive vision of economy. Although re-elaborated under a different light, these concepts survived in the current Constitution, which defines economy using a “social” approach (art.43). Under this light, the legality of capitalism and that of the use of private investment are one of the pillars of economy itself (art.44) only if subordinated to religiously inspired ethical principles of justice and equity and in a way that makes of them a mere complement to State or to the corporative actors. Religious guidance is therefore immanent even in the very own definition of economy as a mean, and not as an end, to get social purposes like, inter alia, welfare, elimination of poverty and abolition of deprivation of means of self-sustainment. State-driven economics was nevertheless a prominent concept in original Iranian constitutional thought. Starting from the Nineties, financial and economic reforms have been leading the system from a corporatist vision that characterised the first fifteen years of existence of the Islamic Republic to a more actual social market, putting in discussion and somewhat re-inventing the relationship between the public and the private.
2019
Pubblicato
Rilevanza internazionale
Articolo
Nessuno
Settore IUS/02 - DIRITTO PRIVATO COMPARATO
English
Iran; Islam; Bonyad; Ethics; Finance; Law
Papa, M., Petrucciano, F. (2019). Development and perspectives of ethical finance in Iran. EUROPEAN JOURNAL OF ISLAMIC FINANCE, 1-5.
Papa, M; Petrucciano, F
Articolo su rivista
File in questo prodotto:
File Dimensione Formato  
Papa-Petrucciano_Development and perspective of ethical finance in Iran.pdf

solo utenti autorizzati

Tipologia: Versione Editoriale (PDF)
Licenza: Copyright dell'editore
Dimensione 1.09 MB
Formato Adobe PDF
1.09 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/244597
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact