Islamic Banking and Financial Products

Muslim Law is a unique legal system which is based
on religion and implements religious doctrines into
legal norms. Islamic banking and Islamic financial
products are very special phenomenon. There are many
problems that Islamic banks and financial
institutions have to face. Some of the problems lie
within the heart of the system itself; the major
question is how to comply with Koranic rules on
contracts on the one hand and modern development of
financial market on the other. The main object of
the research is a comparative study of Islamic
banking and Islamic financial products in UK, US and
Malaysia. I suggest that comparative study of
Islamic banking and Islamic financial products
precisely in those three jurisdictions had potential
to reveal many problematic aspects of practice of
Islamic finances. It was essential to identify
problematic issues before suggesting most suitable
solutions to them. This work does not target special
group of readers.It might be interesting for every
person interested in Islamic finances and Islamic
banking, advanced in Islamic finances as well as for
the beginner.

Autorentext

Rusudan Nanava, LLM: Human Rights at Central European University, MA: Law at Tbilisi Iv. Javakhishvili State University BA: Economics at Tbilisi Multidiscipline Institute.Owner of the investment company,private legal practitioner,academic advisor of the dean of Telavi Multidiscipline Institute. Contact e-mail:rusudann@gmail.com

Klappentext

Muslim Law is a unique legal system which is based on religion and implements religious doctrines into legal norms. Islamic banking and Islamic financial products are very special phenomenon. There are many problems that Islamic banks and financial institutions have to face. Some of the problems lie within the heart of the system itself; the major question is how to comply with Koranic rules on contracts on the one hand and modern development of financial market on the other. The main object of the research is a comparative study of Islamic banking and Islamic financial products in UK, US and Malaysia. I suggest that comparative study of Islamic banking and Islamic financial products precisely in those three jurisdictions had potential to reveal many problematic aspects of practice of Islamic finances. It was essential to identify problematic issues before suggesting most suitable solutions to them. This work does not target special group of readers.It might be interesting for every person interested in Islamic finances and Islamic banking, advanced in Islamic finances as well as for the beginner.