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Islamic Commercial Law : An Analysis of Futures and Options

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$34.99

In this work, Prof M. H. Kamali advances a new perspective on the issue of futures and options based on an interpretation of the Qur'an and the Sunna and referring to the principle of "maslaha" (consideration of public interest) as enshrined in the Sharia.

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Islamic Commercial Law : An Analysis of Futures and Options
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Description

About The Book

Islamic Commercial Law: An Analysis of Futures and Options focuses on options and futures as trading tools and explores their validity from an Islamic point of view. Futures and options are a completely new phenomenon which has no parallel in Islamic commercial law. After reviewing the existing rules of Islamic law of contract and verifying their relevance or otherwise to futures trading, the author, Professor M H Kamali, advances a new perspective on the issue of futures and options based on an interpretation of the Qur'an and the Sunnah and referring to the principle of maslaha (consideration of public interest) as enshrined in the Shari'ah.

Islamic Commercial Law consists of three parts. Part One is devoted to the description of futures trading and the understanding of operational procedures of futures and futures markets; Part Two investigates the issue of permissibility of futures trading in Islamic law and the underlying questions of risk-taking and speculation, which are of central concern to the topic. Part Three is devoted to an analysis of options. This work will be of use to anyone working on Islamic law, comparative law or working in Islamic banking.
About the Contributor(s)

About the author

Mohammad Hashim Kamali: Mohammad Hashim Kamali (born 7 February 1944, Nangarhar Province, Afghanistan) is a prominent Afghan Islamic scholar whose work spans Islamic jurisprudence, human rights in Islam, Islamic finance, and constitutional law. He graduated from the University of Kabul and later from the University of London. From 1985 to 2004 he served as Professor of Islamic Law and Jurisprudence at the International Islamic University of Malaysia (IIUM), where he also served as Dean of the International Institute of Islamic Thought and Civilisation (ISTAC). He subsequently became the Founding CEO of the International Institute of Advanced Islamic Studies (IAIS) Malaysia. He holds fellowships at the Royal Academy of Jordan, the Institute of Advanced Study Berlin, and Afghanistan's Academy of Sciences. Among his many works are Principles of Islamic Jurisprudence, Freedom of Expression in Islam, Freedom Equality and Justice in Islam, The Dignity of Man, Islamic Commercial Law (2000), and studies on Islamic finance including Islamic Finance: Issues in Sukuk and Proposals for Reform. His writing addresses both classical usul al-fiqh and contemporary applications of Shariah principles across law, ethics, and governance.

Specifications
EAN 13 / ISBN 9780946621804
Binding Paperback
Publisher Islamic Texts Society
Author Mohammad Hashim Kamali
Pages 253
Year Published 1990
Size W-6 in | H-9.3 in | D-0.9 in
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