Ibrahim Abdo, an Australian Muslim, reported that his relatives in Gaza were wearing "their best clothes" before going to bed so that if their house is blown up they can … Continue reading Islamic Law in the News Roundup
Islam and Data Science Roundup
As Ramadan approaches, countries have turned to data generated by astronomers and local moon sighters to determine the exact beginning of the holy month. S&P's 2021 edition of Islamic Finance … Continue reading Islam and Data Science Roundup
Islamic Law from the Internal Point of View
By Haider A. Hamoudi (University of Pittsburgh) This essay is part of the Islamic Law Blog’s Roundtable on Islamic Legal History & Historiography, edited by Intisar Rabb (Editor-in-Chief) and Mariam … Continue reading Islamic Law from the Internal Point of View
Islamic Law in the News Roundup
Criticism of French President Macron, who recently described Islam as “a religion in crisis” and vowed to pass legislation in the coming weeks to allow for greater government control over … Continue reading Islamic Law in the News Roundup
Islamic Law in the News Roundup
Sudan’s bishops celebrated Sudanese Prime Minister Abdalla Hamdok’s declaration officially forbidding the state from establishing a religion, which had been Islam prior to the declaration. While some Muslims in Malaysia … Continue reading Islamic Law in the News Roundup
Islamic finance is making a case for impact investment
By Norzailawati Mohd Noor The article “Islamic finance is making a case for impact investment” published by Gulf News on May 23, 2017 focuses on Islamic investments in sustainable environmental … Continue reading Islamic finance is making a case for impact investment
The Need for an Islamic Bankruptcy Code
Student editor Esther Agbaje (HLS ’17) suggests that sukuk (commonly called Islamic bonds) are insufficient to handle bankruptcy in financial systems operating with respect to Islamic law, or sharīʿa compliance. Banks and other financial institutions or municipalities that issue sukuk intend for these … Continue reading The Need for an Islamic Bankruptcy Code
STANDARDS:: Auditing and Accounting Organisation for Islamic Financial Institutions’ (AAOIFI) Sharīʿa Standards for Financial Institutions (2010)
In 2007, the Auditing and Accounting Organisation for Islamic Financial Institutions (AAOIFI) considered about 85% of sukuk (commonly called Islamic bonds) to be non-sharīʿa-compliant. In 2010 they released these comprehensive … Continue reading STANDARDS:: Auditing and Accounting Organisation for Islamic Financial Institutions’ (AAOIFI) Sharīʿa Standards for Financial Institutions (2010)
Review :: Gianluca Parolin on Al-Azhar and Egypt’s 2012 Constitution
By Helena Swanson-Nystrom Summary Egypt’s 2012 Constitution included the principles of Islamic law as the “principal source” of national legislation. This clause had been in the country’s constitution since 1980, … Continue reading Review :: Gianluca Parolin on Al-Azhar and Egypt’s 2012 Constitution
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?