The Resource Bridging Islamic juristic differences in contemporary islamic finance

Bridging Islamic juristic differences in contemporary islamic finance

Label
Bridging Islamic juristic differences in contemporary islamic finance
Title
Bridging Islamic juristic differences in contemporary islamic finance
Creator
Subject
Language
eng
Summary
This article is an attempt to formulate a viable Sharīah framework for juristic differences in contemporary Islamic finance. While acknowledging the legitimacy of juristic differences as an inherent feature of Islamic law, such differences could jeopardize a nascent Islamic finance industry, leading to what has come to be arbitrarily termed 'Sharīah risk' in Islamic finance. Two blocks appear to represent the two disputing sides since the launch of this industry, i.e., the Middle Eastern and South East Asian markets. Thus, this article aims to bridge differences in Islamic finance by proposing a framework and set of parameters that can be applied to all Islamic banking, Islamic capital market and takāful products. Apart from the outlined framework that aims to circumvent juristic disputes, this article concludes that juristic dispute resolution in Islamic finance will not be attainable until one can appreciate the legal and regulatory differences in which Islamic finance operates worldwide
Citation source
In: Arab law quarterly. - Leiden. - Vol. 26 (2012),
http://library.link/vocab/creatorName
Soualhi, Y
Geographic coverage
  • Middle East
  • International
  • Asia
Language note
English
http://library.link/vocab/subjectName
  • Islamic finance
  • Islamic law
  • dispute resolution
Label
Bridging Islamic juristic differences in contemporary islamic finance
Instantiates
Publication
Label
Bridging Islamic juristic differences in contemporary islamic finance
Publication

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