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Muslim Law is a unique legal system which is based
on religion and implements religious doctrines into
legal norms. Islamic banking and Islamic financial
products are very special phenomenon. There are many
problems that Islamic banks and financial
institutions have to face. Some of the problems lie
within the heart of the system itself; the major
question is how to comply with Koranic rules on
contracts on the one hand and modern development of
financial market on the other. The main object of
the research is a comparative study of Islamic
banking and Islamic financial products in UK, US and
Malaysia. I suggest that comparative study of
Islamic banking and Islamic financial products
precisely in those three jurisdictions had potential
to reveal many problematic aspects of practice of
Islamic finances. It was essential to identify
problematic issues before suggesting most suitable
solutions to them. This work does not target special
group of readers.It might be interesting for every
person interested in Islamic finances and Islamic
banking, advanced in Islamic finances as well as for
the beginner.
on religion and implements religious doctrines into
legal norms. Islamic banking and Islamic financial
products are very special phenomenon. There are many
problems that Islamic banks and financial
institutions have to face. Some of the problems lie
within the heart of the system itself; the major
question is how to comply with Koranic rules on
contracts on the one hand and modern development of
financial market on the other. The main object of
the research is a comparative study of Islamic
banking and Islamic financial products in UK, US and
Malaysia. I suggest that comparative study of
Islamic banking and Islamic financial products
precisely in those three jurisdictions had potential
to reveal many problematic aspects of practice of
Islamic finances. It was essential to identify
problematic issues before suggesting most suitable
solutions to them. This work does not target special
group of readers.It might be interesting for every
person interested in Islamic finances and Islamic
banking, advanced in Islamic finances as well as for
the beginner.