What does this research mean for the field?

Islamic finance operates through specific legal and economic mechanisms, including sale-based, derivative-like, and equity structures, which are governed by Shari'a principles such as the prohibition of Riba and Gharar. Novelty: ClaimNovelty.SYNTHESIS. Consensus alignment: ConsensusAlignment.NEUTRAL.

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March 1, 2007

Islamic finance: law, economics, and practice

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Abstract

Introduction 2. Jurisprudence and arbitrage 3. Two major prohibitions: Riba and Gharar 4. Sale-based Islamic finance 5. Derivative-like sales: Salam, Istisma' and 'Urbun 6. Leasing, securitization and Sukuk 7. Partnerships and equity investment 8. Islamic financial institutions 9. Governance and regulatory solutions in mutuality 10. Beyond Shari'a arbitrage Conclusion.

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synapsesocial.com/papers/6a0f537b5725bbd5cc5fab37 https://doi.org/https://doi.org/10.5860/choice.44-3962