Islamic Financing Instrument Under Indonesia Positive Law

hybrid musharakah sukuk: an islamic financing instrument for knowledge-based companies

recently, financing knowledge-based companies as a strategic issue in iranian economy has been considered by many domestic bankers. in this regard, the establishment of venture funds and the allocation of credit lines may be considered as major activities of the banking system. however, there are many challenges on the road to achieve effective financing of knowledge-based companies, namely the...

Islamic Law , Customary Law , and Afghan Informal Justice

This report is part of the United States Institute of Peace’s (USIP) ongoing effort to understand the pluralist legal system of Afghanistan. It examines, compares, and contrasts Islamic law with traditional forms of justice in an attempt to elucidate how such rule of law approaches interact as well as provide a fuller understanding of each system to better guide rule of law practice, policy, an...

Islamic Law, Adaptability and Financial Development

A large literature contends that legal systems that adapt efficiently to meet the contracting needs of the economy foster financial sector development. The paper discusses the adaptability features of Islamic law related to commercial transactions (Islamic commercial law) in light of contemporary financial system. After discussing the nature and way the common and civil law traditions can evolv...

Islamic Law and the Crime of Theft

Polygyny in Islamic Law and Pukhtun Practice

The Pukhtun of Swat in Northern Pakistan refer to Islam to justify the local practice of polygamy and female subordination. However, a survey of Islamic law shows its intent is far more egalitarian than Pukhtun practice. Using a mixture of case studies and statistical evidence, this paper argues that in Swat husbands take second wives mainly in a spirit of revenge, reflecting the endemic hostil...