The Analysis on the Introduction of Islamic Financial Model in Ethnic Region in Gansu, China

Abstract

The United States sub-loan crisis has caused a serious worldwide financial crisis. However, during the time when lots of western financial institutions broke down, Islamic financial institutions just received tiny impacts. The unique investment philosophies of Islamic finance draws more and more people's attention. Linxia Hui Autonomous Prefecture, which is called "the eastern Mecca", has gained the humanistic connotations and environmental advantage of Islamic culture by nature. Thus, it will be easy to establish the relationship of cultural communication and financial cooperation. To set up an Islamic financial model which suits the economic characteristics of the ethnic region will solve the problem of bottleneck on financing effectively. It may also make a contribution to avoid financial crisis, increase the vitality of substantial economic, combine Islamism to modern financial system, as well as prompt the economical stable development.

Thoughts on China’s contemporary religious relationship: Discussion in view of current theories

“…Scholars have had different opinions on this. For instance, Ma (2009), who disagrees with this Model, made the following points: (1) All religions had been negatively impacted although to various degrees before 1978. Later when new religious policies were implemented, it was not like foreign religions that received preferential treatments all over the country.…”

“…(3) There are multiple reasons for the rapid growth of Christianity since the Reform and Opening up. Externally, policy, society, government and state have played their roles; internally, it has had much to do with the methods and characteristics of the Christian evangelical mission, for example, strong international backing, dodging government regulations, the adoption of pyramid selling and sales quota in its practices, proselytising to all possible groups, flexibility, simplicity, and openness to extreme measures (Ma 2009). ( 4) The danger of the Religious Ecological Model lies in mainly the following: firstly, it will provide a 'theoretical umbrella' (i.e.…”

“…To summarise, using 'imbalance of Chinese religious ecology' to explain the rapid growth of Christianity in China and especially citing it as the main cause is ill-founded theoretically and harmful in practice. The rapid growth of Christianity in China is caused by many elements but it has nothing to do with the imbalance of religious ecology (Ma 2009). However, it could potentially lead to the dominance of Christianity or even its monopoly in China, which will damage the religious ecological balance we have today and have serious negative impacts on the nation, society and Christianity as well.…”

Evaluation of the Banking System on the Basis of Expectations and Actual Experiences of the Customers: A Comparison of Islamic and Conventional Banks in Punjab, Pakistan

“…However, during the time when lots of western financial institutions broke down, Islamic financial institutions just received tiny impacts. The unique investment philosophies of Islamic finance draws more and more people's attention (Ma & Yao, 2014).…”