E-Book, Englisch, Band 6, 192 Seiten
Reihe: De Gruyter Studies in Islamic Economics, Finance and Business
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: 978-3-11-056275-0
Verlag: De Gruyter
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
Tijarah
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
Shariah Investment Agreement
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.