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Islamic Finance Law as an Emergent Legal System

Islamic Finance Law as an Emergent Legal System <jats:sec><jats:title>Abstract</jats:title><jats:p>The recent growth in Islamic finance has drawn attention to the alleged "uncertainty" of the sharia, highlighted in 2004 by the Beximco case. On the institutional level, various organisations are addressing the issue; there are also "organic" tendencies towards standardisation. These phenomena are combining with others to form a new legal system, albeit one with particular characteristics.This system has matured sufficiently to merit categorisation as a separate field of study and practice: Islamic Finance Law.</jats:p> </jats:sec> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Arab Law Quarterly Brill

Islamic Finance Law as an Emergent Legal System

Foster, Nicholas
Arab Law Quarterly , Volume 21 (2): 170 – Jan 1, 2007
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Publisher
Brill
Copyright
© 2007 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0268-0556
eISSN
1573-0255
DOI
10.1163/026805507X214433
Publisher site
See Article on Publisher Site

Abstract

<jats:sec><jats:title>Abstract</jats:title><jats:p>The recent growth in Islamic finance has drawn attention to the alleged "uncertainty" of the sharia, highlighted in 2004 by the Beximco case. On the institutional level, various organisations are addressing the issue; there are also "organic" tendencies towards standardisation. These phenomena are combining with others to form a new legal system, albeit one with particular characteristics.This system has matured sufficiently to merit categorisation as a separate field of study and practice: Islamic Finance Law.</jats:p> </jats:sec>

Journal

Arab Law Quarterly – Brill

Published: Jan 1, 2007

Keywords: ISLAMIC FINANCE; LEGAL SYSTEM; ISLAMIC FINANCE LAW; STANDARDISATION

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