Tag Archives: Legal
Deconstructing Islamic Law – Categories of Islamic Law
Continuing along the lines of deconstructing Islamic Law, I thought I would outline here the high-level categories of Islamic law as laid out in most Islamic legal texts. #1 – Binary Islamic law can be look at in a binary sense, i.e. with two main categories: ‘Ibadat – Acts of Devotion This includes prayer, purity […]
Sukuk: Too many moving parts?
Having done research on the structuring of Sukuk, I’ve been thinking lately on the ability of a Sukuk market to actually flourish. What incentives does any Sukuk issuer have to assure the success of their Sukuk? With exception of one type of obligation underlying the Sukuk (that being debt from murabaha), there can be no […]