Publication:
Property rights and Shariah non-compliance risk
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Rosly, Saiful Azhar | |
| dc.date.accessioned | 2018-06-07T02:42:50Z | |
| dc.date.available | 2018-06-07T02:42:50Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | This chapter attempts to argue that an organized effort to avoid such risks due to the financial infrastructure rigidities may invite non-compliance with shariah rules. This is due to the fact that the shariah requires Islamic financial institutions to take ownership of the goods it intends to sell as a fundamental principle in contract law and to move the title to the buying party once the sale is executed. Hence this chapter critically examines the concept of al-bay and property rights in Islam in relation to the constraints posed by the existing financial infrastructure, namely capital requirement and taxation, on the taking of risks by Islamic banks. | en_US |
| dc.identifier.citation | Rosly, Saiful Azhar. (2017). Property rights and Shariah non-compliance risk. In Mohamed Ariff & Shamsher Mohamad Ramadili Mohd. (Eds.), Islamic wealth management: theory and practice (pp. 83-102). Cheltenham, United Kingdom: Edward Elgar Publishing Limited. | en_US |
| dc.identifier.isbn | 9781786439390 (eBook) | |
| dc.identifier.uri | https://ikr.inceif.org/handle/INCEIF/2882 | |
| dc.language | English | |
| dc.language.iso | en | en_US |
| dc.publisher | Edward Elgar Publishing Limited | en_US |
| dc.rights | 2017. Edward Elgar Publishing Limited | |
| dc.source | SEDONA | |
| dc.subject | Property rights | en_US |
| dc.subject | Shariah non-compliance risk | en_US |
| dc.title | Property rights and Shariah non-compliance risk | en_US |
| dc.type | Chapter in Book | en_US |
| dlc.maintopic | Islamic banking | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic banking | en_US |
| Appears in Collections |