Survey on Islamic Banking in Finland

Hei, Tervetuloa vastaamaan Islamilainen pankkitoimintaan suunnattuun kyselyyn!  Kysely on täysin anonyymi ja keräämme nämä tiedot vain tutkimustarkoituksiin. (English below)Toivomme, että jokainen vastaanottaja vastaisi kyselyyn. Kyselyn tavoitteena on saada tietoa kokemuksista ja käsityksistä eri Islamilainen pankki- ja finanssi osa-alueista. Jokaisen vastaus on tärkeä. Arvioinnissa tavoitellaan mahdollisimman kattavaa aineistoa, joten arvioinnin onnistumiseksi toivomme, että vastaajat varaavat kunnolla aikaa vastaamiselle. Kyselyn …

Research Methods for Islamic Banking and Finance Law: Interdisciplinary Research Method

By Sanaa Kadi, The study presents an original guideline for choosing valid research methods when analyzing Islamic banking regulations and Islamic finance laws. It presents a theoretical model that explains the complexity of the field of Islamic banking and finance, provides legal scholars with a brief analysis of the various issues and challenges that may …

The pacta sunt servanda principle in Islamic law

By Liam Patrick Nicol, Joel Väisänen, Marc Orti Carceller  Perhaps shaping the earliest tenet of international law, the pacta sunt servanda principle is the basis of contract law within Islamic business and finance regulations. In this sense agreements must be kept, conferring legal certainty to the contract parties. Therefore, this rule permits the enforceability of …

Ribā Explained

By Isabella Latva, Samuel Geary and Jackielyn Perez Ribā is a concept which is prohibited (haram) under Sharia law. Commonly called usury in English. Mahmoud A. El-Gamal notes in the book Islamic Finance: Law, Economics, and Finance, that “the three-letter past-tense root of the term ribā is the Arabic verb ‘raba’, meaning to increase”1. This …