A critique of creative Sharī'ah compliance in the Islamic finance industry / by Ahmad Alkhamees.
2017
KBP940.2 .A425 2017 (Mapit)
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Details
Title
A critique of creative Sharī'ah compliance in the Islamic finance industry / by Ahmad Alkhamees.
Imprint
Leiden ; Boston : Brill Nijhoff, [2017]
Description
xix, 281 pages ; 25 cm.
Series
Brill's Arab and Islamic laws series ; v. 11.
Formatted Contents Note
Introduction
An overview of Sharī'ah
The form versus substance debate and the roots of creative Sharī'ah compliance in Islamic finance : why reinvent the wheel?
Tawarruq as a case study of creative Sharī'ah compliance
Standardisation of fatwās to reduce creative Sharī'ah compliance
The impact of Sharī'ah governance practises on Sharī'ah compliance in contemporary Islamic finance
Public mechanisms to remedy creative Sharī'ah compliance
Private mechanisms to remedy Sharī'ah compliance
Conclusion.
An overview of Sharī'ah
The form versus substance debate and the roots of creative Sharī'ah compliance in Islamic finance : why reinvent the wheel?
Tawarruq as a case study of creative Sharī'ah compliance
Standardisation of fatwās to reduce creative Sharī'ah compliance
The impact of Sharī'ah governance practises on Sharī'ah compliance in contemporary Islamic finance
Public mechanisms to remedy creative Sharī'ah compliance
Private mechanisms to remedy Sharī'ah compliance
Conclusion.
Summary
Ahmad Alkhamees defines Creative Shari?ah compliance as compliance with the letter but not the objectives of Shari?ah. In recent years, Islamic finance industry practises have come under scrutiny, with strong critiques levelled against many institutions that claim to provide Shari?ah-compliant products and services, which in fact undermine the spirit and the objectives of Shari?ah. This book significantly contributes to the sphere of Islamic finance in three main ways. First, it critically appraises justifications of creative Shari?ah compliance practises. Second, it examines how Shari?ah supervisory board (SSB) governance practises, and the inconsistent fatwas issued by SSBs, contribute to the issue of creative Shari?ah compliance. Most importantly, it suggests regulatory mechanisms which regulators can employ in Islamic countries such as Saudi Arabia and in secular countries such as the United Kingdom to deal with the issue of creative Shari?ah compliance.
Note
Ahmad Alkhamees defines Creative Shari?ah compliance as compliance with the letter but not the objectives of Shari?ah. In recent years, Islamic finance industry practises have come under scrutiny, with strong critiques levelled against many institutions that claim to provide Shari?ah-compliant products and services, which in fact undermine the spirit and the objectives of Shari?ah. This book significantly contributes to the sphere of Islamic finance in three main ways. First, it critically appraises justifications of creative Shari?ah compliance practises. Second, it examines how Shari?ah supervisory board (SSB) governance practises, and the inconsistent fatwas issued by SSBs, contribute to the issue of creative Shari?ah compliance. Most importantly, it suggests regulatory mechanisms which regulators can employ in Islamic countries such as Saudi Arabia and in secular countries such as the United Kingdom to deal with the issue of creative Shari?ah compliance.
Bibliography, etc. Note
Includes bibliographical references and index.
Location
RBLL2
Available in Other Form
Online version: Alkhamees, Ahmad (Ahmad A.). Critique of creative Shari'ah compliance in the Islamic finance industry. Leiden : Brill Nijhoff, 2017
Call Number
KBP940.2 .A425 2017
Language
English
ISBN
9789004344396 hardcover ; alkaline paper
900434439X hardcover ; alkaline paper
9789004344433 (e-book)
900434439X hardcover ; alkaline paper
9789004344433 (e-book)
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