Islamic finance

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Islamic finance is rapidly gaining momentum around the world. Interpretations of Shari'ah, or Islamic law, state that investments must be free from elements of riba (interest), gharar (uncertainty), maysir (speculation) and haram (unethical) business activities. Islamic equity i…

This dissertation makes three central contentions about the shari'a in modern Muslim society, in an attempt to provide a corrective to the fascination of many current scholars on medieval texts whose relevance to the legal order of the modern world is largely overstated, or at l…