In "Research on Islamic corporate social responsibility and Islamic bank disclosures" (Journal of Sustainable Finance & Investment, 2021) Ardi Gunardi (Universitas Pasundan) and colleagues examine the corporate social responsibility disclosures made in the Islamic banking and finance sector, with a focus on board structure, ownership structure, CEO power, and what they term "shariah governance." Challenging … Continue reading Weekend Scholarship Roundup
The Ministry of Justice in the United Arab Emirates launches an online platform for Muslim marriages. Morocco’s Supreme Scientific Council issues fatwa allowing the burial of COVID-19 victims without bathing their bodies, as a health precaution for morgue workers. Malaysia, Singapore, and Brunei, ban popular Ramadan bazaars and public festivities. Pakistan's southern Sindh province bans … Continue reading COVID-19 and Islamic Law Roundup
Countries and communities around the world are working to contain COVID-19 and mitigate its effects. The following digest represents a variety of sources in which law, particularly Islamic law, was invoked in the decision making process. All roundups can be found at this link. Brooklyn mosques close indefinitely as number of positive COVID-19 cases rise. Egypt … Continue reading COVID-19 and Islamic Law Roundup
Earlier this year, Tunisia lifted the 1973 ban on Muslim women marrying non-Muslim men and is considering equalizing inheritance laws for men and women, on arguments that the mixed marriage ban and inheritance disparity violates the post-Arab Spring 2014 constitution calling for gender equality. This development follows in a line of earlier precedent for personal … Continue reading Commentary :: Codifying Polygamy in the 1957 Moroccan Mudawwana
This is a memorandum (circulaire) issued by the shari'a board of the Central Bank of Morocco (Bank al-Maghrib) in January 2017. The document contains fatwās pertaining to Islamic financial instruments such as murābaḥa and regulations concerning its practice and penalties. See document and see the interview with a sharīʿa auditor at Dar Assafaa.
Interview conducted by Ari Schriber, Morocco Editor Nour-Eddine Qaouar is a PhD Candidate in the Faculty of Letters and Humanities at Muhammad V University (Rabat, Morocco) where he studies the applicability of finance-related fatwās from classical sharīʿa to contemporary questions of Islamic finance. He is also Sharīʿa Auditor at Dar Assafaa, the Islamic window of … Continue reading Interview :: Islamic Finance: New Developments in Morocco’s Sharīʿa-Compliant Banking