E-Book, Englisch, Band 6, 192 Seiten
Reihe: De Gruyter Studies in Islamic Economics, Finance and Business
Alhabshi / Mirakhor / Na’im Haji Mokhtar Shariah Investment Agreement
1. Auflage 2021
ISBN: 978-3-11-055974-3
Verlag: De Gruyter
Format: EPUB
Kopierschutz: 6 - ePub Watermark
The Legal Tool for Risk-Sharing in Islamic Finance
E-Book, Englisch, Band 6, 192 Seiten
Reihe: De Gruyter Studies in Islamic Economics, Finance and Business
ISBN: 978-3-11-055974-3
Verlag: De Gruyter
Format: EPUB
Kopierschutz: 6 - ePub Watermark
Risk-sharing investment is currently the buzz word in Islamic finance. However, there is an incongruence in applying multilayered and opaque contracts for investment purposes. This has contributed to the divergence between Shariah and Common Law and caused tremendous problems and systemic legal risks to Islamic finance.
The authors of introduce a legal tool in the form of a Shariah Investment Agreement carefully drafted to ensure that it is Shariah-compliant and can be applied in Common Law jurisdictions as well, so as to allow for the execution of risk-sharing investment in Islamic finance. It details the building blocks and key considerations that must be noted when drafting such agreements so the investor and investee will know what to expect when entering into such a contract.
Proper implementation of the Shariah Investment Agreement will pave a clear route to a harmonious convergence between Shariah and Common Law and lead to Islamic finance developing further to become a stronger, unstoppable force in the finance industry.
Zielgruppe
Islamic finance practitioners
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
- Geisteswissenschaften Islam & Islamische Studien Islam: Philosophie & Wissenschaften
- Geisteswissenschaften Islam & Islamische Studien Islam: Leben & Praxis
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
- Geisteswissenschaften Philosophie Nicht-Westliche Philosophie Islamische & Arabische Philosophie