Unlawful Gain and Legitimate Profit in Islamic Law PDF Download

Author: Nabil A. Saleh
Publisher:
ISBN: 9781853334146
Category : Banking law (Islamic law)
Languages : en
Pages : 160

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Book Description

Author: Nabil A. Saleh
Publisher:
ISBN: 9781853334146
Category :
Languages : en
Pages : 160

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Book Description

Author: Ahmad Ajaj
Publisher: Springer
ISBN: 9781853337215
Category : Law
Languages : en
Pages : 176

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Book Description

Author: Frank E. Vogel
Publisher: BRILL
ISBN: 9789041105479
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries. A growing number of institutions and mutual funds (akin to Western ''socially responsible'' funds) have established Islamic investment and other practices to cater to this burgeoning market. Because of its prevalence, practitioners in every banking-related area must familiarize themselves with current Islamic finance practices in order to do business with Muslim clients and to engage in cross-border financing. Injunctions from the "Qur'an and the sayings of Prophet Muhammed have generated a web of interrelated norms which prohibit Islamic financiers from engaging in transactions that involve interest "(riba) and speculation "(gharar). "Islamic Law and Finance describes the dynamic set of Islamically-sanctioned ways financiers can transacat business.

Author: Ahmed Affi
Publisher: Troubador Publishing Ltd
ISBN: 1783062134
Category : Law
Languages : en
Pages : 304

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Book Description
This book does not champion some of the popular misconceptions surrounding Islamic law. It does not advocate stoning to death; amputating the hands of thieves; call for the death penalty for those who leave the fold of Islam; or urge Muslims to save their souls from Hellfire by shunning bank loans for fear of incurring interest. What it does advocate is less sensationalistic, but it is in line with the real interpretation of Islamic law.Contemporary Interpretation of Islamic Law is divided into thirteen chapters. The majority of the chapters concentrate on criminal aspects of Islamic law, while the remainder concern themselves with social issues. Each chapter – where possible – provides background information of the topic under discussion and then proceeds to analyse, examine and critique the contentious parts of the topic, looking at the arguments from all sides and the evidence put forward by each side before arriving at a conclusion. The book is accompanied by a glossary. “Our work differs from other published titles on Islamic law as it takes into account the different aspects of the Qur’an. The Qur’an employs many parables, allegories and metaphors to highlight important messages for Mankind, yet jurists often make the common mistake of either omitting or misinterpreting these devices, resulting in inaccurate and often unlawful rulings which have direct and indirect effects on both Muslims and non-Muslims alike. It is hoped that our work will create a better understanding of the correct interpretation of the Qur’an and Islamic law,” says authors Ahmed Affi and Hassan Affi. Contemporary Interpretation of Islamic Law will appeal to those with an interest is Islam and Islamic law, though no specialist knowledge of Arabic or Islamic law is required.

Author: Ibrahim Warde
Publisher: Edinburgh University Press
ISBN: 0748696474
Category : Religion
Languages : en
Pages : 288

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Book Description
A second edition of Islamic Finance in the Global Economy, substantially revised and updated to take into account the recent developments in the field.

Author: Muḥammad T̤āhir Manṣūrī
Publisher:
ISBN: 9789694487885
Category : Contracts (Islamic law)
Languages : ar
Pages : 0

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Author: Mr.Kangni Kpodar
Publisher: International Monetary Fund
ISBN: 1455205257
Category : Business & Economics
Languages : en
Pages : 30

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This paper investigates the determinants of the pattern of Islamic bank diffusion around the world using country-level data for 1992 - 2006. The analysis illustrates that income per capita, share of Muslims in the population and status as an oil producer are linked to the development of Islamic banking, as are economic integration with Middle Eastern countries and proximity to Islamic financial centers. Interest rates have a negative impact on Islamic banking, reflecting the implicit benchmark for Islamic banks. The quality of institutions does not matter, probably because the often higher hurdle set by Shariah law trumps the quality of local institutions in most countries. The 9/11 attacks were not important to the diffusion of Islamic banking; but they coincided with rising oil prices, which are a significant factor in the diffusion of Islamic banking. Islamic banks also appear to be complements to, rather than substitutes for, conventional banks.

Author: Usman Hayat
Publisher:
ISBN: 9781934667798
Category :
Languages : en
Pages :

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Author: Christopher Hare
Publisher: Oxford University Press
ISBN: 0192596675
Category : Law
Languages : en
Pages : 384

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Book Description
Trade Finance provides a much-needed re-examination of the relevant legal principles and a study of the challenges posed to current legal structures by technological changes, financial innovation, and international regulation. Arising out of the papers presented at the symposium, Trade Finance for the 21st Century, this collection brings together the perspectives of scholars and practitioners from around the globe focusing on core themes, such as reform and the future role of the UCP, the impact of technology on letters of credit and other forms of trade finance, and the rise of alternative forms of financing. The book covers three key fields of trade finance, starting with the challenges to traditional trade financing by means of documentary credit. These include issues related to contractual enforceability, the use of "soft clauses", the doctrine of strict compliance, the fraud exception, the role of the correspondent bank, performance bonds, and conflict of laws problems. The second main area covered by the work is the technological issues and opportunities in trade finance, including electronic bills of exchange, blockchain, and electronically transferable records. The final part of the work considers alternative and complementary trade finance mechanisms such as open account trading, supply-chain financing, the bank payment obligation, and countertrade.