I thought I would put together a list of his works for future reference, and perhaps find others interested in his writtings that may put me on to some that I’ve missed in this list.
Mustafa Zarka – A list of his works: Read More »
Many hurdles are faced if Shariah compliant documentation is to be standardized. Of these are the jurisdictional challenges of drafting legal documentation to comply to basic shariah principles, comply to local and national laws, and still remain commercially viable.
The cross jurisdictional challenges of standardizing Shariah compliant documents Read More »
An article from the Big Money site suggests the usage of online role-playing games like World of Warcraft and Second Life to study economic behavior and to test economic-policy theories.
World of WealthCraft: Using a virtual hand to nurture Islamic finance growth Read More »
While reviewing several cases of defaults, disputes, and disruptions in Islamic Finance deals that have made the press, I noticed that almost every case that has been litigated on has been in a western common law court (UK-USA).
Governing Jurisdiction – The litmus test of “real” Islamic Finance Read More »
I’m interested in the guarantee mentioned below. Does Islamic Finance allow for a guaranteed return, even if done through Lease (Ijara)? Because Islamic Finance is not contained by one single regulatory system, some of the arguments made will be difficult to apply.
Rent to Own Leases (Ijara wa iqtina’): Fringe Banking & Financial Distress Read More »
While preparing my Masters thesis, I came a across an interesting quote from Muhammad b. Idris al-Shafi’i, the famous jurist and author of the first work of Islamic legal theory, al-Risalah. After explaining the need to consult others before issuing juristic opinion:
Consultation, Moral Hazard, & Shariah Boards Read More »
Muhammad Yunus having won the Nobel prize for economics, Microfinance has become a hot item for many seeking to make money and “lend” a helping hand. Much criticism has surrounded Microfinance, from Muslims and Non-Muslims alike, questioning the ethics and viability of the practice.
A possible “Islamic” alternative to Microlending Read More »
Islamic Economics is a topic of great interest nowadays. Sometime ago an article appeared in the LA times, asking the question “Will capitalism fall victim to its own success?“
Islamic Economics vs. Global Capitalism Read More »
On issues of Islamic legal development theory, one point popped in my mind today when thinking about Ahkam al-Sharikat that is the Law of business partnerships. This point is, and hence the title, is “In spite of vs. in light of”.
Islamic legal development: In spite of vs. in light of Read More »
The general rule for all contracts, and especially in sales, is validity. Unless something is found deficient then the contract remains valid, such as: one of the contracting parties lacking legal capacity
On The Permissibility of Contracts Read More »
