Bridging Islamic juristic differences in contemporary Islamic Finance

This article is an attempt to formulate a viable Sharīʿah framework for juristic diferences in contemporary Islamic inance. While acknowledging the legitimacy of juristic diferences as an inherent feature of Islamic law, such diferences could jeopardize a nascent Islamic inance industry, leading...

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Main Author:	Soualhi , Younes
Format:	Article
Language:	English
Published:	Brill Academic Publisher 2012
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/28556/ http://irep.iium.edu.my/28556/1/ALQ_026_03_313-337_copy.pdf

id	iium-28556
recordtype	eprints
spelling	iium-285562013-02-19T06:40:12Z http://irep.iium.edu.my/28556/ Bridging Islamic juristic differences in contemporary Islamic Finance Soualhi , Younes HG1501 Banking This article is an attempt to formulate a viable Sharīʿah framework for juristic diferences in contemporary Islamic inance. While acknowledging the legitimacy of juristic diferences as an inherent feature of Islamic law, such diferences could jeopardize a nascent Islamic inance industry, leading to what has come to be arbitrarily termed ‘Sharīʿah risk’ in Islamic inance. 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. hus, this article aims to bridge diferences in Islamic inance 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 inance will not be attainable until one can appreciate the legal and regulatory diferences in which Islamic inance operates worldwide. Brill Academic Publisher 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/28556/1/ALQ_026_03_313-337_copy.pdf Soualhi , Younes (2012) Bridging Islamic juristic differences in contemporary Islamic Finance. Arab Law Quarterly, 26. pp. 313-337. ISSN 0268-0556(P), 1573-0255(O)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Soualhi , Younes Bridging Islamic juristic differences in contemporary Islamic Finance
description	This article is an attempt to formulate a viable Sharīʿah framework for juristic diferences in contemporary Islamic inance. While acknowledging the legitimacy of juristic diferences as an inherent feature of Islamic law, such diferences could jeopardize a nascent Islamic inance industry, leading to what has come to be arbitrarily termed ‘Sharīʿah risk’ in Islamic inance. 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. hus, this article aims to bridge diferences in Islamic inance 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 inance will not be attainable until one can appreciate the legal and regulatory diferences in which Islamic inance operates worldwide.
format	Article
author	Soualhi , Younes
author_facet	Soualhi , Younes
author_sort	Soualhi , Younes
title	Bridging Islamic juristic differences in contemporary Islamic Finance
title_short	Bridging Islamic juristic differences in contemporary Islamic Finance
title_full	Bridging Islamic juristic differences in contemporary Islamic Finance
title_fullStr	Bridging Islamic juristic differences in contemporary Islamic Finance
title_full_unstemmed	Bridging Islamic juristic differences in contemporary Islamic Finance
title_sort	bridging islamic juristic differences in contemporary islamic finance
publisher	Brill Academic Publisher
publishDate	2012
url	http://irep.iium.edu.my/28556/ http://irep.iium.edu.my/28556/1/ALQ_026_03_313-337_copy.pdf
first_indexed	2023-09-18T20:42:05Z
last_indexed	2023-09-18T20:42:05Z
_version_	1777409432406196224

Bridging Islamic juristic differences in contemporary Islamic Finance

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