Social Organizations and Islamic Moral Economy: A Case Study From Bosnia and Herzegovina

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Author(s): Nerma Saracevic (Mozaik Foundation Sarajevo, Bosnia and Herzegovina)
Copyright: 2026
Pages: 54
Source title: Social Impact, Ethics, and Practice in Abrahamic Finance
Source Author(s)/Editor(s): Camille Silla Paldi (Colgate University, USA), Phillip Lieberman (United States Naval Academy, USA & Vanderbilt University, USA), Mohammad Kabir Hassan (University of New Orleans, USA)and Isaac Lifshitz (Shalem College, Israel)
DOI: 10.4018/979-8-3373-6706-4.ch005

Keywords: Accounting and Finance / Business Science Reference / Religious Studies / Social Sciences & Humanities

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Abstract

The transitional economy of Bosnia and Herzegovina (B&H), marked by political instability and demographic change, presents a unique context for the application of axioms of Islamic moral economy (IME). In a global environment where Islamic finance (IF) has experienced significant growth and evolution, Bosnia and Herzegovina provides a specific example of how local socio-economic and cultural factors influence the partial implementation and adaptation of Islamic financial principles. Specifically, as the banking sector was faced with significant challenges during the pandemic, it became clear that ethical forms of corporate financing would play an important role in decisions to start new businesses, a trend that has persisted into the post-pandemic period. This shift underscores a growing demand for financial strategies that prioritize not only economic viability but also moral and ethical principles, essential for sustainability in a recovering B&H economy.

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Social Organizations and Islamic Moral Economy: A Case Study From Bosnia and Herzegovina

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