Toward Islamic Banking Without Tawarruq

Authors

  • Mohammad Mahbubi Ali International Institute of Advanced Islamic Studies (IAIS) Malaysia

DOI:

https://doi.org/10.52282/icr.v8i2.199

Abstract

Islamic financial products have evolved and developed remarkably from simple and straightforward structures to highly sophisticated and multifaceted instruments. During the 1980s and 1990s, Islamic financial products were dominated by deposits and savings, syndicated project financing, Shari’ah-compliant stocks and mutual funds. The last two decades have witnessed the unveiling of more complicated structures, including various sukuk models, derivatives, Islamic structured products, Islamic hedge funds, and others. Most, though not all, of these replicate conventional products, splicing together nominate contracts from the Islamic fiqh legacy with a few modern modifications to meet legal requirements and to become Shari’ah-compliant’.

Downloads

Download data is not yet available.

Downloads

Published

2017-04-15

How to Cite

Ali, Mohammad Mahbubi. 2017. “Toward Islamic Banking Without Tawarruq”. ICR Journal 8 (2):256-59. https://doi.org/10.52282/icr.v8i2.199.

Issue

Section

Viewpoint

Most read articles by the same author(s)

1 2 > >>