Islamic Commercial Law: Contemporariness, Normativeness and Competence' offers new perspectives on why for centuries Islamic commercial law has been perceived as arbitrary and unpredictable, and on its evolution to a contemporary, consistent, reliable and credible body of law. The book also examines why Western positivists have viewed Islamic commercial law in a simplistic or archaic religious framework and counters those arguments with an examination of its normative legal qualities. The work analyses the competencies of Fiqh (jurisprudence) for structuring new financial instruments, and restructuring conventional financial products more equitability.0.
An introduction to Islamic law and commerce : the basics -- Are Islamic commercial laws proper and normative laws? or simply "Primitive" and "religious and moral codes"? -- Competence by encompassing -- Does Islamic commercial law have the specific competence to govern modern complex commercial and financial transactions?