Purpose: The purpose of this study is to look into the Shar¯ı‘ah resolution framework in Islamic finance and see how it may be improved. This paper is based on a detailed examination of previous research into the need for a worldwide Shar¯ı‘ah Resolution mechanism to be applied across...

Abstract. This paper compares default rates on Islamic and Western mortgages. Islamic mortgages feature a ‘partnership’ arrangement between the bank and the borrower, which allows the borrower to recover the current market value of his accumulated equity upon default. By itself, this makes...

1. Introduction -- 2. The historical and ideological background of Islamic banks -- 3. Legal analysis of the English legal system in comparison to the Islamic legal system -- 4. The legal description and classification of Islamic banks under the English law -- 5. Islamic banks in practice : the...

1. Introduction -- 2. Research Methodology -- 3. Religious Leaders' Interpretation of Ribā and Attitudes Towards Home Loans, Savings Accounts and Credit Cards -- 4. Muslim Professionals and University Students' Interpretation of Ribā and Attitudes Towards Home loans, Savings Accounts and...

This is the first book-length study of Islamic financial services in the United Kingdom. It describes the ways in which British examples of Islamic financial provision illustrate both the main characteristics of Islamic financial teaching and some key issues in the situation of British Muslims....

Frontmatter -- Contents -- A note on the term 'United Kingdom' -- 1. Introduction -- 2. Retail banking -- 3. Investment funds -- 4. Mutual associations -- 5. Debt and credit -- 6. Social enterprise -- 7. Charities -- 8. The concerned consumer -- Conclusion -- Glossary and abbreviations -- Index