An Introduction to Islamic Finance /
:
Although the principles of Shari'ah require banks and financial institutions to be structured on an interest-free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their specialized modern variants murabahah, ijarah, salam, and istisna'. This invaluable guide to Islamic finance clearly delineates the all-important distinctions between Islamic practices and conventional procedures based on interest. Justice Usmani of Pakistan, who chairs several Shari'ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari'ah standpoint and the correct method for their application. He deals masterfully with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance.
:
1 online resource. :
Includes bibliographical references and index. :
9789004479913
9789041116192
Knowledge, Authority and Change in Islamic Societies : Studies in Honor of Dale F. Eickelman /
:
Senior scholars of Islamic studies and the anthropology of Islam gather in this volume to pay tribute to one of the giants of the field, Dale F. Eickelman. In diversely arrayed, rigorous and compelling chapters, leading historians, anthropologists, and political scientists elaborate through their own original research on Dale's unique contributions to the study of the modern Muslim world. Eickelman's reflections on the diverse intellectual traditions of Muslim societies and the scholars and laypersons who enact them remain defining as a framework for intellectual inquiry into the modern Muslim world and the profound changes that are transpiring within it.
:
1 online resource. :
Includes bibliographical references and index. :
9789004443341
9789004439528