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Books > Law > Laws of other jurisdictions & general law > Private, property, family law
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Not currently available
Islamic Law and Finance - Religion, Risk, and Return (Paperback)
Loot Price: R1,889
Discovery Miles 18 890
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Islamic Law and Finance - Religion, Risk, and Return (Paperback)
Series: Arab & Islamic Laws Series
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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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