LEADER 03898oam 2200625 450 001 9910554273003321 005 20210701232601.0 010 $a3-11-056275-8 010 $a3-11-055974-9 024 7 $a10.1515/9783110562750 035 $a(CKB)4100000011768858 035 $a(MiAaPQ)EBC6478598 035 $a(DE-B1597)487349 035 $a(DE-B1597)9783110562750 035 $a(EXLCZ)994100000011768858 100 $a20210701d2021 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aShariah investment agreement $ethe legal tool for risk-sharing in islamic finance /$fSyed Adam Alhabshi, Abbas Mirakhor, Haji Mohd. Na'im Haji Mokhtar, Syed Othman Alhabshi 210 1$aBerlin, Germany :$cDe Gruyter Oldenbourg,$d[2021] 210 4$d©2021 215 $a1 online resource (192 pages) $cillustrations 225 1 $aDe Gruyter studies in Islamic economics, finance and business ;$vvolume 6 311 $a3-11-055961-7 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tAcknowledgements -- $tForeword -- $tContents -- $tChapter 1 Introduction -- $tChapter 2 The Shariah: Refining Bay? and How It Can Be Applied -- $tChapter 3 The Common Law: Its Background and Applicability to Bay? -- $tChapter 4 The Shariah Investment Agreement: A Solution to Islamic Investment -- $tChapter 5 Policy Recommendations and Future Research -- $tChapter 6 Conclusion -- $tAppendix A Key Quranic Ayahs and Translation -- $tAppendix B Commodity Murabahah Case Study -- $tAppendix C Comparative Analysis of Musharakah by Bank Negara Malaysia and AAOIFI -- $tAppendix D Case Study: Shariah-Compliant Securities as Determined by the SAC of SC (as at 2016) -- $tReferences -- $tList of Abbreviations -- $tList of Cases -- $tList of Legislations -- $tAbout the Authors -- $tIndex 330 $aRisk-sharing investment is currently the buzz word in Islamic finance. However, there is an incongruence in applying multilayered and opaque Tijarah contracts for investment purposes. This has contributed to the divergence between Shariah and Common Law and caused tremendous problems and systemic legal risks to Islamic finance. The authors of Shariah Investment Agreement introduce a legal tool in the form of a Shariah Investment Agreement carefully drafted to ensure that it is Shariah-compliant and can be applied in Common Law jurisdictions as well, so as to allow for the execution of risk-sharing investment in Islamic finance. It details the building blocks and key considerations that must be noted when drafting such agreements so the investor and investee will know what to expect when entering into such a contract. Proper implementation of the Shariah Investment Agreement will pave a clear route to a harmonious convergence between Shariah and Common Law and lead to Islamic finance developing further to become a stronger, unstoppable force in the finance industry. 410 0$aDe Gruyter studies in Islamic economics, finance and business ;$vvolume 6. 606 $aFinance (Islamic law) 606 $aInvestments (Islamic law) 606 $aFinance$zIslamic countries 610 $aCommon Law. 610 $aInvestment. 610 $aIslamic finance. 610 $aIslamic investment. 610 $aShariah. 615 0$aFinance (Islamic law) 615 0$aInvestments (Islamic law) 615 0$aFinance 676 $a346.167092 676 $a346.167082 700 $aAlhabshi$b Adam, Syed$01219502 702 $aMokhtar$b Haji Mohd. Na'im Haji 702 $aMirakhor$b Abbas 702 $aOthman Alhabshi$cSyed, 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910554273003321 996 $aShariah investment agreement$92819770 997 $aUNINA