This reflects the great importance attached to the market for Islam-compliant finance products here in Europe. The interaction between financial investment and religious and ethical issues was and still is a key topic in Europe.
At the beginning of the 20th century, Max Weber, one of Germany’s most influential sociologists of religion, described the intertwining of economic activity, including saving and investment, and religious beliefs. He and other academics and scholars made us aware that religious traditions are never “carved in stone” but are constantly evolving to provide insight and answers to contemporary questions.