Subjects:

Other Jurisdictions , Islamic Law

Trade and finance arranged according to Islamic principles have gained increasing importance. Commercial transactions conducted under Shari'ah principles form a significant portion of international commercial activities today. The Shari'ah trade and finance system has now developed into an important system operating parallel to the conventional system.

Despite this development, quality reference materials on Islamic law of trade and finance are not in abundance. This new edition of Dr Ma'sum Billah's Applied Islamic Law of Trade and Finance should therefore be warmly welcomed by the target audience around the world.

• Covers topics such as commercial contracts, sale of goods, partnership, stock market, Islamic currency, Takaful and the institution of zakat
• Provides a clear and practical exposition of the current Islamic law of trade and finance
• Comparison with civil law highlights the differences between the systems and greatly assists in the understanding of both systems
• Regular quotation of Qur'anic verses and prophetic traditions, with English translation, sets out the religious foundation underlying the applicable Islamic law of trade and finance