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- W1495044415 abstract "This chapter highlights the need to consider the extent to which jurisdictions recognize and enforce sharī‘ah before settling on the jurisdiction that would govern the Islamic financial transaction. It questions secular common law jurisdictions' ability to address Islamic financial cases with potential sharī‘ah issues by presenting three landmark Islamic finance cases wherein sharī‘ah dimensions were contested that were brought before the English courts. After underlining the importance of the regulator in protecting the rights of consumers and ensuring appropriate disclosure to stakeholders, the chapter identifies six key characteristics associated with governing sharī‘ah aspects of Islamic banking. Using in-depth analysis of the legal and regulatory systems and measures of the United Kingdom, Iran, United Arab Emirates, Qatar, Malaysia, and Oman with respect to sharī‘ah governance, the chapter classifies these jurisdictions into five categories of approaches. These are as follows: hands-off, nominal, engaged, proactive, and committed." @default.
- W1495044415 created "2016-06-24" @default.
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- W1495044415 date "2015-02-16" @default.
- W1495044415 modified "2023-09-26" @default.
- W1495044415 title "Legal and Regulatory Aspects ofSharī‘ahGovernance" @default.
- W1495044415 doi "https://doi.org/10.1002/9781119053507.ch3" @default.
- W1495044415 hasPublicationYear "2015" @default.
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