Why Islamic finance is different? a short review of Islamic jurisprudential interpretation about usury, ambiguity (Gharar), gambling (Maysir) and exploitative commercial arbitrage (Talaqi al-Rukban) / Mohammad Ashraful Ferdous Chowdhury.
Unlike the traditional Finance, Islamic finance must observe the teachings of Shari’ah whose basic teaching cannot be violated at any point in time. These basic teachings constitute the core element of the faiths that are best described as maqasid al-shari’ah. While prohibiting Riba, Gharar, Maysir,...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi Mara Selangor
2015
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| Online Access: | http://ir.uitm.edu.my/id/eprint/32781/1/32781.pdf http://ir.uitm.edu.my/id/eprint/32781/ http://www.jeeir.com/v2/index.php/26-current/vol-3-no-3-2015/98-why-islamic-finance-is-different-a-short-review-of-islamic-jurisprudential-interpretation-about-usury-ambiguity-gharar-gambling-maysir-and-exploitative-commercial-arbitrage-talaqi-al-rukban |
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| Institution: | Universiti Teknologi Mara |
| Language: | English |
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