Usury Unbound: The Struggle for Shari'ah Compliance

Usury Unbound: The Struggle for Shari'ah Compliance

ISBN: 9781989450215

Author: Wasim A Ismail

Binding: Paperback

Pages: 292

Size: 6 x 0.73 x 9 inches

Publication Year: 2024

Language: English

Publisher: Iron Heart Publishing

Description:

About This Book:
In the era of sophisticated financial systems which are the lifeline of global economies, 'The Islamic Finance Guide' seems to provide a blueprint, entitled, to the smartest methods of conducting business in accordance with Shari'ah laws. Written by some of the leading scholars and practitioners in the subject area, this multifaceted resource explores the various financial tools in substantial detail, providing the target audience with a useful roadmap to understanding the nuances of a system that aligns both the spirit of Sharia as well as economic development. Growing international concern for ethical finance - and the concept of Shari'ah-compliant investment particularly - makes the target subject offers a timely and comprehensive examination of how these principles might be integrated into contemporary markets.

Usury Unbound:

The Search for Other Methods towards Shari'ah Compliance Known as one of the most critical islamic finance challenges, the prohibition of riba, or usury is one of the greatest obstacles on the way to success. It is not just a principle arising out of religion but more a principle effective in civil dealings so as to ensure that people are not overcharged or that their wealth is not taken unfairly. As for prohibition of the conventional interest, it is clearly explained in "The Islamic Finance Guide" with a reference to its historical background and today's practical application to highlight how challenging it is to conduct business according to Shari'ah while being a part of the world economy.