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Author: Younes Soualhi

1. Introduction Islamic finance, growing from a niche market, is gradually positioning itself in modern finance as a mainstream choice, offering its customers a myriad of alternative instruments and presenting an ethical financial system that promotes equitable distribution of wealth whilst

In: Arab Law Quarterly

1 Introduction If the Islamic finance industry is to grow and develop, the market must diversify. Diversification and an increase in the volume of transactions can be achieved through increased foreign participation in Islamic finance markets. This will require an active and well

In: Arab Law Quarterly

also provide reasonable returns to their depositors and shareholders. Emphasis on Sharīʻah compliance paves the way for Sharīʻah scholars to play an integral role in the Islamic finance industry. In order to ensure that ifi operations are conducted in accordance with Islamic principles, Sharīʻah

In: Arab Law Quarterly

Introduction The contemporary Islamic finance industry, which is arranged around financial activity structured to adhere to the financial principles of Islamic law (a term frequently used interchangeably with shari’ah ), 1 has grown from its rural beginnings in Egypt in the 1960s 2 to become a

In: Minority Religions under Irish Law

1. Introduction: The Global Diffusion of Islamic Financial Services Islamic finance is one of the fastest growing sectors of the global financial system. Particularly in light of the ongoing global financial crisis, there is renewed interest in alternative forms and styles of investment

In: Arab Law Quarterly
Author: Ai Kawamura

in Southeast Asian countries has expanded into a global industry. Therefore, as the Islamic financial market expands, the number of transactions increases, more parties become involved and disputes become inevitable. One of the issues for Islamic finance originates from its complicated legal

In: Arab Law Quarterly

Islamic finance products. 1 While it is believed that the original philosophy of Islamic economics is elusive in some Sharīʿah-compliant transactions, 2 there is an increasing call for the stakeholders in the Islamic finance industry to take stock of the evolution of Islamic finance products in the last

In: Arab Law Quarterly
Author: Dina Elshurafa

to many modern-day economists. However, with the advent of Islamic finance (IF) in its modern form in the recent past, such a notion might no longer seem too farfetched. Although a fast-growing industry to date, IF has been forced to develop in what is essentially a Western-based economic system

In: Arab Law Quarterly

1 Introduction. Between the Space of Islamic Finance and the Time of Islamic Law: How Texts Are Vehicles of Meaning 1 Dealing with the law of Islamic finance, a valuable starting point can be found in the Encyclopedia of Islam . Islamic finance denotes financial transactions in

In: Arab Law Quarterly

, compete with conventional transactions by relying on formalism, when it would be better to rely on real Islamic fundamentals. In today’s financial market, not even Islamic finance specialists can deny that the results of both Islamic and conventional transactions are similar and intermingle in one pool

In: Arab Law Quarterly