Download or read book Nabil A Saleh Unlawful Gain and Legitimate Profit in Islamic Law written by S. M. Hasanuzzaman and published by . This book was released on 2018 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: We begin by giving a summary of the main points. The book is chiefly concerned with prohibitory rules unanimously acknowledged in principle by all Muslims i.e. riba (unlawful advantage by way of excess or deferment) and gharar (uncertainty, risk and speculation). It is also concerned with interest-free banking and mudarabah (commenda partnership). The subject of the book is law not economics.
Download or read book Unlawful Gain and Legitimate Profit in Islamic Law written by Nabil A. Saleh and published by . This book was released on 1986 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interest-free banking system has recently been adopted by several countries to operate in parallel with the existing world banking system. This comprehensive guide to the newly re-asserted system, a subject of practical concern for all involved in international trade between Western and Muslim countries, sets on a new footing contemporary discussion of risk and profit in an Islamic context. Nabil Saleh examines two restrictive rules in Islamic law, reflected in the ban on taking interest and the rejection of aleatory contracts, which strongly conflict with the existing world banking system. The re-assertion of Islamic law in a coherent banking system is considered in the context of its international legal implications. The book is also a comparative study of the two rules in five schools of law, as all aspects are examined in the light of the teaching of the four Sunni schools which hold authority in the Arab states and in Pakistan and of the lbadi school of law peculiar to Oman.
Download or read book Unlawful Gain and Legitimate Profit in Islamic Law Riba Gharar and Islamic Banking written by Ahmad Ajaj and published by Springer. This book was released on 1992-09-21 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Concept of Unlawful Gain and Legitimate Profit in Islamic Law written by Sherif Madi Muhammad Madi and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Islamic Law and Governance in Contemporary Iran written by Mehran Tamadonfar and published by Lexington Books. This book was released on 2015-05-20 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current rise of Islamism throughout the Muslim world, Islamists’ demand for the establishment of Islamic states, and their destabilizing impact on regional and global orders have raised important questions about the origins of Islamism and the nature of an Islamic state. Beginning with the Iranian revolution of the late 1970s and the establishment of the Islamic Republic to today’s rise of ISIS to prominence, it has become increasingly apparent that Islamism is a major global force in the twenty-first century that demands acknowledgment and answers. As a highly-integrated belief system, the Islamic worldview rejects secularism and accounts for a prominent role for religion in the politics and laws of Muslim societies. Islam is primarily a legal framework that covers all aspects of Muslims’ individual and communal lives. In this sense, the Islamic state is a logical instrument for managing Muslim societies. Even moderate Muslims who genuinely, but not necessarily vociferously, challenge the extremists’ strategies are not dismissive of the political role of Islam and the viability of an Islamic state. However, sectarian and scholastic schisms within Islam that date back to the prophet’s demise do undermine any possibility of consensus about the legal, institutional, and policy parameters of the Islamic state. Within its Shi’a sectarian limitations, this book attempts to offer some answers to questions about the nature of the Islamic state. Nearly four decades of experience with the Islamic Republic of Iran offers us some insights into such a state’s accomplishments, potentials, and challenges. While the Islamic worldview offers a general framework for governance, this framework is in dire need of modification to be applicable to modern societies. As Iranians have learned, in the realm of practical politics, transcending the restrictive precepts of Islam is the most viable strategy for building a functional Islamic state. Indeed, Islam does provide both doctrinal and practical instruments for transcending these restrictions. This pursuit of pragmatism could potentially offer impressive strategies for governance as long as sectarian, scholastic, and autocratic proclivities of authorities do not derail the rights of the public and their demand for an orderly management of their societies.
Download or read book Islamic Capital Markets written by Kabir Hassan and published by John Wiley & Sons. This book was released on 2011-09-13 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Finance has experienced rapid growth in recent years, showing significant innovation and sophistication, and producing a broad range of investment products which are not limited to the complete replication of conventional fixed-income instruments, derivatives and fund structures. Islamic Finance represents an elemental departure from traditional interest-based and speculative practices, relying instead on real economic transactions, such as trade, investment based on profit sharing, and other solidary ways of doing business, and aims to incorporate Islamic principles, such as social justice, ecology and kindness, to create investment products and financial markets which are both ethical and sustainable. Products created according to Islamic principles have shown a low correlation to other market segments and are relatively independent even from market turbulences like the subprime crisis. Therefore, they have become increasingly popular with secular Muslims and non-Muslim investors, as highly useful alternative investments for the diversification of portfolios. In Islamic Capital Markets: Products and Strategies, international experts on Islamic Finance and Sharia'a Law focus on the most imminent issues surrounding the evolution of Islamic capital markets and the development of Sharia'a-compliant products. The book is separated into four parts, covering: General concepts and legal issues, including Rahn concepts in Saudi Arabia, the Sharia'a process in product development and the integration of social responsibility in financial communities; Global Islamic capital market trends, such as the evolution of Takaful products and the past, present and future of Islamic derivatives; National and regional experiences, from the world's largest Islamic financial market, Malaysia, to Islamic finance in other countries, including Germany, France and the US; Learning from Islamic finance after the global financial crisis; analysis of the risks and strengths of Islamic capital markets compared to the conventional system, financial engineering from an Islamic perspective, Sharia'a-compliant equity investments and Islamic microfinance. Islamic Capital Markets: Products and Strategies is the complete investors' guide to Islamic finance.
Download or read book Sharia Law and the Arab Oil Bust written by Glenn Roberts and published by Universal-Publishers. This book was released on 2007 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: The delayed development of the Islamic world, in defiance of the formulaic approaches long favored by economists, suggests that the traditional Sharia and Islamic values and principles are at least partially responsible for the region s persistent backwardness. By analyzing the impact of the legal regime of the Sharia on Saudi Arabia during the Arab Oil Bust of the 1980s, this thesis concludes that Islamic social values and the Sharia s de facto role as an uncodified pre-emptive Arab common law implemented with high regard to precedent by ulama with extraordinary power of judicial review had the effect of accentuating the effects of the Oil Bust, making the theory of the Petrocurse a subset of a larger Cost of Being Muslim. On the other hand, the author concludes that not only is the Sharia not constrained by its nature to playing a deleterious economic role, but that it has broad commercial application, both domestically and internationally, and a new generation of more flexible Muslim economists, lawyers, and financial theorists have pointed the way toward a possible comprehensive modern adaptation of Islamic laws and principles.
Download or read book The New public written by and published by Environmental Law Institute. This book was released on 2002 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reading the Qur an in the Twenty First Century written by Abdullah Saeed and published by Routledge. This book was released on 2013-12-04 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reading the Qur’an in the Twenty-First Century considers the development of Qur’anic interpretation and highlights modern debates around new approaches to interpretation. It explores how Muslims from various theological, legal, socio-political and philosophical backgrounds think about the meaning and relevance of the Qur’an, and how their ideas apply in the contemporary world. The book: reflects on one of the most dominant approaches to interpretation in the pre-modern period, textualism, and the reaction to that in Muslim feminist readings of the Qur’an today. covers issues such as identifying the hierarchical nature of Qur’anic values, the criteria for the use of hadith in interpretation, fluidity of meaning and ways of ensuring a degree of stability in interpretation. examines key Qur'anic passages and compares pre-modern and modern interpretations to show the evolving nature of interpretation. Examples discussed include: the authority of men over women, the death of Jesus, shura and democracy, and riba and interest. Abdullah Saeed provides a practical guide for interpretation and presents the principal ideas of a contextualist approach, which situates the original message of the Qur’an in its wider social, political, cultural, economic and intellectual context. He advocates a more flexible method of interpretation that gives due recognition to earlier interpretations of the Qur’an while also being aware of changing conditions and the need to approach the Qur’an afresh today.
Download or read book The International Law of Responsibility for Economic Crimes written by Ndiva Kofele-Kale and published by Routledge. This book was released on 2016-03-03 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the problem of indigenous spoliation in developing countries, this work explores the controversial issue of spoliation by national officials of the wealth of the states of which they are custodians. Due to constraints of the state system and the lack of appropriate substantive municipal law, efforts to punish those responsible for the economic rape of entire nations and to recover spoliated funds have been frustrated and rendered insubstantial. Taking a multidisciplinary approach and on the basis of data generated from empirical, cross-national research, this study makes the case for indigenous spoliation as a violation of international law. Substantially revised and updated to take account of recent legal and political developments, the second edition will be a valuable resource for academics, practitioners, NGOs, and policymakers.
Download or read book The Transformation of Islamic Law in Global Financial Markets written by Jonathan Ercanbrack and published by Cambridge University Press. This book was released on 2015 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contextual analysis of Islamic financial law challenges our understanding of both Islamic law and global financial markets.
Download or read book Finance of International Trade in the Gulf written by Ahmed Al-Suwaidi and published by BRILL. This book was released on 1994-01-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the legal structure and operation of the conventional and Islamic banking systems in the Gulf Arab states. It defines the legal issues involved and case law decided by the English, American and the Gulf Arab states courts in operating the two systems in financing the international trade transactions and covering the concurrent application, the advantages and disadvantages and the problems of each system. This book also gives a particular challenge to the fraud in international trade and considers the development of countertrade and electronic funds transfer as methods of financing some of the international business transactions. This book is very helpful for those who are dealing with the financing of the international trade, their professional advisors, staff of the conventional and Islamic banks and students who study law and commerce as part of their syllabuses of legal and international business studies. This book is also very essential reading for anyone who wants to succeed in the competitive conditions of modern banking business vis-a-vis the international trade in the Gulf Arab states. This book is also very helpful for the lawyer who is called upon to assist the businessman in his ventures or who wants to resolve a problem which has arisen in financing the international business transactions.
Download or read book Theory and Practice of Modern Islamic Finance written by Abu Umar Faruq Ahmad and published by Universal-Publishers. This book was released on 2009-12 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... Seeks to contribute to the existing body of work in the area of Islamic finance through examining the extent of divergence in practice of Islamic financing from the traditional Shari'ah in the Australian context. The author makes a discursive analysis of the regulation of Islamic finance in Australia in terms of (a) the financing instruments used, (b) certainty of transactions between participants in the system, and (c) institutional risk management of Islamc financial institutions."--Back cover.
Download or read book Issues in Islamic Law written by MashoodA. Baderin and published by Routledge. This book was released on 2017-07-05 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic substantive law, otherwise called branches of the law (furu al-fiqh), covers the textual provisions and jurisprudential rulings relating to specific transactions under Islamic law. It is to Islamic substantive law that the rules of Islamic legal theory are applied. The relationship between Islamic legal theory and Islamic substantive law is metaphorically described by Islamic jurists as a process ofcultivation (istithmar), whereby the qualified jurist (mujtahid), as thecultivator uses relevant rules of legal theory to harvest the substantive law on specific issues in form offruits (thamarat) from the sources. The articles in this volume engage critically with selected substantive issues in Islamic law, including family law; law of inheritance; law of financial transactions; criminal law; judicial procedure; and international law (al-siyar). These areas of substantive law have been selected due to their contemporary relevance and application in different parts of the Muslim world today. The volume features an introductory overview of the subject as well as a comprehensive bibliography to aid further research.
Download or read book Islamic Finance Oxford Bibliographies Online Research Guide written by Oxford University Press and published by Oxford University Press, USA. This book was released on 2010-05-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ebook is a selective guide designed to help scholars and students of Islamic studies find reliable sources of information by directing them to the best available scholarly materials in whatever form or format they appear from books, chapters, and journal articles to online archives, electronic data sets, and blogs. Written by a leading international authority on the subject, the ebook provides bibliographic information supported by direct recommendations about which sources to consult and editorial commentary to make it clear how the cited sources are interrelated related. A reader will discover, for instance, the most reliable introductions and overviews to the topic, and the most important publications on various areas of scholarly interest within this topic. In Islamic studies, as in other disciplines, researchers at all levels are drowning in potentially useful scholarly information, and this guide has been created as a tool for cutting through that material to find the exact source you need. This ebook is a static version of an article from Oxford Bibliographies Online: Islamic Studies, a dynamic, continuously updated, online resource designed to provide authoritative guidance through scholarship and other materials relevant to the study of the Islamic religion and Muslim cultures. Oxford Bibliographies Online covers most subject disciplines within the social science and humanities, for more information visit www.aboutobo.com.
Download or read book Infrastructure Finance written by Henry A. Davis and published by Euromoney Books. This book was released on 2008 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Gives a broad view of trends and techniques in infrastructure financing around the world today. The title considers a wide range of projets including transport, water systems, power and toll road privatisation. Themes include the rising need for infrastructure investment, the quality of country infrastructure, government budget limitations and benefits and risks of investment." - publisher's website.
Download or read book Islamic Finance and Law written by Maha-Hanaan Balala and published by Bloomsbury Publishing. This book was released on 2010-10-30 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic commercial and financial practice has not experienced the trial-and-error style of development that has characterised the development of the common law in the English-speaking world. Many of the principles, rules and practices prevalent in the Islamic law of contract, commerce, finance and property remain the same as those outlined by the Quran and the Prophet Muhammad, and expounded by scholars of jurisprudence as far back as the 13th century, despite the advancement in time and sophistication of commercial interaction. Hanaan Balala here demonstrates how, in order to bridge the gap between the principles outlined by the Quran and the Prophet in the 7th century and commercial practice in the 21st century, Islamic finance jurisdictions need to open themselves to learning from the experience (including the mistakes) of the English common law. 'Islamic Finance and Law: Theory and Practice in a Globalized World' provides an analysis of the fundamental principles underlying the Islamic law of contract and commercial practice in comparison with their equivalents in common law in the English-speaking world. It seeks to draw parallels (and differences where appropriate) to facilitate the growth and development of Islamic commercial and financial law globally.
