Islamic Finance and Law

Many of the principles prevalent in modern Islamic contract law and commercial practice remain the same as those outlined by the Quran and the Prophet Muhammad, and expounded by scholars of jurisprudence as far back as the 13th century, despite the advancement in time and sophistication of commercial interaction. Maha-Hanaan Balala here provides an analysis of the fundamental principles underlying Islamic law and commerce in comparison with their common law equivalents in the...
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Many of the principles prevalent in modern Islamic contract law and commercial practice remain the same as those outlined by the Quran and the Prophet Muhammad, and expounded by scholars of jurisprudence as far back as the 13th century, despite the advancement in time and sophistication of commercial interaction. Maha-Hanaan Balala here provides an analysis of the fundamental principles underlying Islamic law and commerce in comparison with their common law equivalents in the English-speaking world. She seeks to draw parallels (and differences where appropriate) to facilitate the growth and development of Islamic commercial and financial law worldwide.'This book puts forward a new and thought-provoking approach to Islamic finance, particularly in relation to securitisations.'- Philip Wood QC (Hon), Head of Allen & Overy Global Law Intelligence Unit and Visiting Professor in International Financial Law, University of Oxford 'This is an excellent addition to the literature in this relatively inaccessible but increasingly important aspect of global finance.' - Fidelis Oditah QC, Visiting Professor in Law, University of Oxford