000 01440nam a22001577a 4500
999 _c518723
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100 _aBurton, D.
_929876
245 _aConsumer debt prevention and discharge in the Arabian Gulf
260 _aJournal of Consumer Policy
300 _a44(1), Mar, 2021: p.27-42
520 _aThis article analyses the relationship between Islam and consumer policy in the domain of consumer credit and over-indebtedness in six countries in the Arabian Gulf. The findings indicate that Islamic societies are distinct policymaking environments and share similarities in the development of consumer credit and policies relating to debt prevention and debt discharge. However, several differences are also observable that reflect complex variations in the social, political, historical, and economic trajectories of each country. A dilemma for policymakers is how to reconcile greater levels of consumer credit and over-indebtedness with the requirements of Islam. Policy responses have been a mix of legislative change and soft law. The UAE is the only country that has introduced an insolvency law for natural persons. Discriminating between the citizens and expatriates is a feature of consumer policy in all countries. – Reproduced
650 _aConsumer credit, Over-indebtedness, Insolvency, Islam, Sharia
_928361
773 _aJournal of Consumer Policy
906 _aCONSUMERS
942 _cAR