Decided by the Supreme Court of India, Vishwa Lochan Madan v. Union of India decreed that fatwās issued by sharīʿa courts hold no legal leverage. Read the case.
Circulaire Bank al-Maghrib
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 … Continue reading Circulaire Bank al-Maghrib
Interview :: Islamic Finance: New Developments in Morocco’s Sharīʿa-Compliant Banking
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 … Continue reading Interview :: Islamic Finance: New Developments in Morocco’s Sharīʿa-Compliant Banking
Islamic Law Lexicon :: Fatwā
By Alicia Daniel Citation: Sherman A. Jackson, Kramer versus Kramer in a Tenth/Sixteenth Century Egyptian Court: Post-Formative Jurisprudence between Exigency and Law, Islamic L. & Society 8, 27–51 (2001). Sherman … Continue reading Islamic Law Lexicon :: Fatwā
Islamic Finance in a New Key, or Is Regulation the Answer?
By Meagan Froemming Many identify the absence of clear regulatory standards as the most significant challenge to the Islamic finance industry’s continued growth.[1] Yet, is the development of a uniform … Continue reading Islamic Finance in a New Key, or Is Regulation the Answer?