Review :: Powers on the Role of Endowments, waqf, in Inheritance
Centuries before the trust was developed in English common law, Islamic law developed the waqf, or endowment. The waqf allowed a property owner to separate the title to a property from the…
Review :: Clark Lombardi on Sharīʿa as a Source of Legislation
The constitutions of many Muslim-majority countries contain clauses that declare sharīʿa a source of legislation. These “sharīʿaclauses” may name sharīʿa as “a chief source,” “the chief source,” or “the only source,” among others, of…
Review :: Fadel on the Function of the “Interest Ban” in Islamic Finance
Islamic finance creates financial products specifically aimed at Muslims that are sharīʿa compliant. Many scholars have condemned Islamic finance for condemning ribā (interest) on the one hand, particularly where usurious, but then many others…