Islamic Financial Contracts: A Research Companion

This book is the first comprehensive book on Islamic contract law and financial contracts, covering their roots, history, and Shariah compliance. It is written in a clear style to allow for a greater understanding of the more challenging areas and includes chapters on the market niche and need for Islamic financial products and services. It also discusses the objections and misconceptions surrounding Islamic business and financial contracts, the key features and guiding principles of Islamic law of contract, and the formation of a contract. The authors offer a discussion on the system of options under Islamic business and financial contracts and potential solutions to breach of contracts.

Format: Hardback
Length: 260 pages
Publication date: 01 July 2021
Publisher: Taylor & Francis Ltd

Islam encourages business and financial transactions as a means of securing the basic needs of all human beings, but these transactions must be conducted in accordance
accordance with the principles contained in the Qur'an and Sunnah. However, these legal concepts are not classified subject-wise, and the verses on commercial law, like all other topics, are scattered throughout the Qur'an, making it difficult for readers to gain a full understanding of the topic. This, therefore, is the first comprehensive book to demystify Islamic contract law and specifically Islamic financial contracts, and to examine its roots and history.

The book is written in a clear style to allow for a greater understanding of the more challenging and misunderstood areas pertaining to Islamic business and financial contracts. It also contributes a series of chapters that address the market niche and need concerning Shariah compliance for Islamic financial products and services. The book is divided into 16 chapters to provide a holistic and thorough overview of Islamic law of contract. It covers the objections and misconceptions surrounding Islamic business and financial contracts. It also includes the key features and guiding principles of Islamic law of contract and offers technical know-how, illustrating the concept of formation of a contract, as well as the essential elements of a valid contract. The authors also offer a discussion on the system of options under Islamic business and financial contracts and potential solutions to breach of contracts.

The book will serve as a handy reference for scholars and students of Islamic business and finance and Islamic commercial law and will also be beneficial for practitioners as well as legal and judicial officers. It will open new doors for further research.

Weight: 520g
Dimension: 161 x 241 x 22 (mm)
ISBN-13: 9781032005065