Items related to Islamic Law and Finance: Religion, Risk, and Return:...

Islamic Law and Finance: Religion, Risk, and Return: 16 (Arab and Islamic Laws Series, 16) - Softcover

Book 4 of 26: Arab and Islamic Laws Series

Vogel, Frank; Hayes, Samuel

 
9789041106247: Islamic Law and Finance: Religion, Risk, and Return: 16 (Arab and Islamic Laws Series, 16)
Softcover
ISBN 10: 9041106243 ISBN 13: 9789041106247
Publisher: Kluwer Law International, 1998

Synopsis

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.

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About the Author

Frank E. Vogel, Director, Islamic Legal Studies Program, Harvard Law School, Cambridge, MA, USA . Samuel L. Hayes III, Jacob H. Schiff Professor of Investment Banking, Harvard Business School, Cambridge, MA, USA.

"About this title" may belong to another edition of this title.

Publisher
Kluwer Law International
Publication date
1998
Language
English
ISBN 10 
9041106243
ISBN 13 
9789041106247
Binding
Paperback
Number of pages
348