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During the last ten years the Islamic banking sector has grown rapidly, at an international level, as well as in individual jurisdictions including the UK. Islamic finance differs quite substantially from conventional banking, using very different mechanisms, and operating according to a different theory as it is based on Islamic law. Yet at the same time it is always subject to the law of the particular financial market in which it operates. This book takes a much-needed and comprehensive look at the legal and regulatory aspects which affect Islamic finance law, and examines the current UK and international banking regulatory frameworks which impact on this sector. The book examines the his...
This contextual analysis of Islamic financial law challenges our understanding of both Islamic law and global financial markets.
"Postcolonial Polysystems: The Production and Reception of Translated Children s Literature in South Africa" is an original and provocative contribution to the field of children s literature research and translation studies. It draws on a variety of methodologies to provide a perspective, both product- and process-oriented, on the ways in which translation contributes to the production of children s literature in South Africa, with a special interest in language and power, as well as post- and neocolonial hybridity. The book explores the forces that affect the use of translation in producing children s literature in various languages in South Africa, and shows how some of these forces precipitate in the selection, production and reception of translated children s books in Afrikaans and English. It breaks new ground in its interrogation of aspects of translation theory within the multilingual and postcolonial context of South Africa, as well as in its innovative experimental investigation of the reception of domesticating and foreignising strategies in translated picture books. The book has won the 2013 EST Young Scholar Prize."
After the Mongol period, Persian was the official written language in Iran, Central Asia and India. A vast amount of documents relating to administration and social life were produced and yet, unlike Ottoman and Arabic documents, Persian historical resources have received very little critical attention. This book is the first to use Persian Documents as the sources of social history in Early Modern Iran and Central Asia. The contributors examine four distinct elements of the documents: * the formal aspects of the sources are initially inspected * the second part focuses on newly discovered sources * the most abundant documents of the period - waqf deeds - are individually studied In this way the reader is led to realize the importance of Persian documents in gaining an understanding of past urban and rural societies in the Middle East.
A comprehensive guide to Islamic legal scholarship, this Handbook offers a direct and accessible introduction to Islamic law and the academic debates within the field. Topics include textual sources and authority, institutions, substantive legal areas, Islamic legal philosophy, and Islamic law in the Muslim World and in Muslim minority countries.
This is a comparative study dealing with the maritime practices which prevailed in the Byzantine and Islamic worlds around the Mediterranean from 7-10 centuries C.E. and consists of seven chapters. The first chapter describes the physical and legal significance of the ship, computation of capacity, and the importance of naming commercial vessels. Chapter Two examines issues of ownership and possession of a vessel, the employment conditions of the crew, and the passengers’ status on board ship. Carriage of cargo by sea and forms of contracts, liability of the lessor, shipping fees, and breach of contract are covered in Chapter Three. Jettison, average, and contribution are treated in Chapter Four. Chapter Five treats the laws of collision and the rules governing the salvage of jetsam, are surveyed in Chapter Six. The final chapter explains the legal differences between Byzantine and Islamic mercantile law and outlines the principles of the sea loan, chreokoinonia, and qirad.
Since the discovery of oil in the Middle East an increasing number of important contracts must be framed in accordance with the Shari'a. Moreover various factors have helped to create among Muslims a more acute sense of an original Islamic identity & a collective feeling that Shari's should govern their lives not only with regard to personal & family matters but also as a valid & reasonable corpus of commercial & civil laws. The ban on taking interest (riba) & the rejection of chance contracts (gharar) are two features of an Islamic law of contract which contrast with the secular man-made legal systems of the West. This book is concerned with these two Islamic Prohibitory rules & with the in...
This volume examines Islamic maritime law and practice of Muslim mariners during the classical period using Fatwa and Geniza sources. Maritime terminology, interrelationships of mariners, maritime commercial and military laws, territorial waters and the performance of Islamic religious duties at sea in the period are discussed.