Religion and the Global Money Markets: Exploring the Influence of Christianity, Islam, Judaism and Hinduism

James Simon Watkins

Format
Hardback
Publisher
Springer International Publishing AG
Country
Switzerland
Published
19 August 2022
Pages
464
ISBN
9783031044151

Religion and the Global Money Markets: Exploring the Influence of Christianity, Islam, Judaism and Hinduism

James Simon Watkins

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This book focuses on how religion-particularly Christianity, Islam, Judaism, and, to a lesser extent, Hinduism-is shaping the ethos and daily actions of market participants within the global money markets. The concepts inherent within Christianity, Islam, Judaism, and Hinduism are making themselves felt within the global money markets. As Islamic finance led to the introduction of sharia compliant derivatives, for example, Christian investment funds are leading ethical initiatives on Wall Street, the City of London, and elsewhere such as divesting from fossil fuels in response to the climate change emergency. Jewish faith led funds are making significant strides with the further development of impact investments. The concept of Hindu economics is also beginning to shape the actions of some market participants which are tied to the ideals of Mahatma Gandhi.

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