| Shariah Investment Agreement: The Legal Tool for Risk-Sharing in Islamic Finance Contributor(s): Alhabshi, Syed Adam (Author), Mirakhor, Abbas (Author), Na'im Haji Mokhtar, Haji Mohd (Author) |
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ISBN: 3110559617 ISBN-13: 9783110559613 Publisher: Walter de Gruyter OUR PRICE: $113.99 Product Type: Hardcover - Other Formats Published: February 2021 |
| Additional Information |
| BISAC Categories: - Business & Economics | Islamic Banking & Finance - Religion | Islam - General - Business & Economics | Accounting - Financial |
| Physical Information: 0.71" H x 6.77" W x 9.61" (1.23 lbs) 192 pages |
| Themes: - Religious Orientation - Islamic |
| Descriptions, Reviews, Etc. |
| Publisher Description: Risk-sharing investment is currently the buzz word in Islamic finance. However, there is an incongruence in applying multilayered and opaque Tijarah contracts for investment purposes. This has contributed to the divergence between Shariah and Common Law and caused tremendous problems and systemic legal risks to Islamic finance.
The authors of Shariah Investment Agreement introduce a legal tool in the form of a Shariah Investment Agreement carefully drafted to ensure that it is Shariah-compliant and can be applied in Common Law jurisdictions as well, so as to allow for the execution of risk-sharing investment in Islamic finance. It details the building blocks and key considerations that must be noted when drafting such agreements so the investor and investee will know what to expect when entering into such a contract.
Proper implementation of the Shariah Investment Agreement will pave a clear route to a harmonious convergence between Shariah and Common Law and lead to Islamic finance developing further to become a stronger, unstoppable force in the finance industry. |