CIRIC

Publications

CIRIC’s publications introduce the Center’s theoretical framework and apply it to key contemporary issues in Islamic political economy and institutional development.

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3 publications

Research Paper

From Shariah-Compliant to Shariah-Based: Toward an Islamic Banking Model Genuinely Grounded in the Maqasid al-Shariah

Why Islamic banking keeps mimicking debt despite its risk-sharing principles, and how to fix it.

Research Paper

Institutional Capacity and the Contemporary Paradox of Islamic Finance

Why normative foundations and sustained growth have not consistently translated into credible institutional ecosystems

Research Paper

Institutional Capacity: From Normative Adherence to Collective Outcomes

How shared norms can be translated into credible institutions.