Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.
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Challenges and Opportunities
Edited by S. Nazim Ali and Shariq Nisar
Ann Black, Hossein Esmaeili and Nadirsyah Hosen
This well-informed book explains, reflects on and analyses Islamic law, not only in the classical legal tradition of Sharia, but also its modern, contemporary context. The book explores the role of Islamic law in secular Western nations and reflects on the legal system of Islam in its classical context as applied in its traditional homeland of the Middle East and also in South East Asia. Written by three leading scholars from three different backgrounds: a Muslim in the Sunni tradition, a Muslim in the Shia tradition, and a non-Muslim woman – the book is not only unique, but also enriched by differing insights into Islamic law.
In this topical collection, Professor Abdullah Saeed brings together seminal articles encompassing key issues in the debates surrounding Islam and human rights. Topics covered in this comprehensive reearch review include approaches to international human rights, freedom of expression, the right to equality under Islamic law and Islamic human rights schemes. The editor has also included a number of case studies that greatly enhance the depth of the collection.