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Risk-Sharing Finance : An Islamic Jurisprudence (Fiqh) Perspective
The contemporary finance deals mainly with multilateral and multi-counterparty transactions.Islamic Jurisprudence (Fiqh) has yet to develop its conceptualization of this modality of financing.Thus far, it has become a norm for large financing projects to rely on a complex structure of interconnected bilateral contracts that in totality becomes opaque, complex and costly.An unfortunate result of the unavailability of an efficient Fiqhi model applicable to modern multilateral and multi-counterparty contracts has been the fact that the present Islamic finance has been forced to replicate conventional risk-transfer (interest rate based) debt contracts thus drawing severe criticisms of duplicating conventional finance. In 2012, a gathering of some of the Muslim world’s most prominent experts in Jurisprudence (Fuqaha) and economists issued the Kuala Lumpur Declaration (Fatwa) in which they identified risk sharing as the essence of Islamic finance.The Declaration opened the door for a new Fiqh approach to take the lead in developing the jurisprudence of multilateral and multi-counterparty transactions.This Declaration (Fatwa) provides a prime motivation to search for a comprehensive model of risk sharing that can serve as an archetypal contract encompassing all potential contemporary financial transactions.From the perspective of Islamic Jurisprudence (Fiqh), the technicalities of the concept of risk sharing in contemporary finance have yet to be defined in Islamic literature. This book attempts to clarify and shed light on these technicalities from the perspective of Fiqh.It is a comprehensive study that relies on the fundamental Islamic sources to establish a theoretical and practical perspective of Fiqh encompassing risk-sharing Islamic finance as envisioned in the Kuala Lumpur Declaration of 2012.This new paradigm should lead to a more efficient approach to multilateral and multi-counterparty Islamic contracts which, here-to-fore has been lacking in the current configuration of Islamic finance.
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Moral Rationalism and Shari'a : Independent rationality in modern Shi'i usul al-Fiqh
Moral Rationalism and Shari'a is the first attempt at outlining the scope for a theological reading of Shari'a, based on a critical examination of why 'Adliyya theological ethics have not significantly impacted Shi'i readings of Shari'a.Within Shi'i works of Shari 'a legal theory (usul al-fiqh) there is a theoretical space for reason as an independent source of normativity alongside the Qur’an and the Prophetic tradition.The position holds that humans are capable of understanding moral values independently of revelation.Describing themselves as 'Adliyya (literally the people of Justice), this allows the Shi 'a, who describe themselves as 'Adiliyya (literally, the People of Justice), to attribute a substantive rational conception of justice to God, both in terms of His actions and His regulative instructions.Despite the Shi'i adoption of this moral rationalism, independent judgments of rational morality play little or no role in the actual inference of Shari 'a norms within mainstream contemporary Shi'i thought.Through a close examination of the notion of independent rationality as a source in modern Shi'i usul al-fiqh, the obstacles preventing this moral rationalism from impacting the understanding of Shari 'a are shown to be purely epistemic.In line with the ‘emic’ (insider) approach adopted, these epistemic obstacles are revisited identifying the scope for allowing a reading of Shari'a that is consistent with the fundamental moral rationalism of Shi'i thought.It is argued that judgments of rational morality, even when not definitively certain, cannot be ignored in the face of the apparent meaning of texts that are themselves also not certain.An 'Adliyya reading of Shari'a demands that the strength of independent rational evidence be reconciled against the strength of any other apparently conflicting evidence, such that independent
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Islamic Legal Theory: A Critical Introduction : Based on al-Juwayni's Waraqat fi usul al-fiqh
David Vishanoff’s thorough and original unpacking of the Sunni jurist al-Juwayni’s (1028–1085) Kitab al-Waraqat fi u?ul al-fiqh introduces English-speaking readers to the main concepts, terms, principles, and functions of the classical Islamic discipline of legal theory.This volume offers an ideal entry to the otherwise dense and complex mainstream Sunni views that dominated Islamic legal thought in al-Juwayni’s day—and that are still widely accepted today.A critical edition of al-Juwayni’s Arabic text is also included.
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Charles Bentley Replacement Cooking Grills, Black
These Charles Bentley Replacement Cooking Grills is a replacement cooking grill specifically for BBQ13BLK. The cooking grills are made from steel with an enamel finish and are easy to clean.. 2 x Cooking Grills. Cooking grill: Stamped Steel with enamel finish . 1 Grill: H41.5 x W30.5cm. Weight : 1kg. Colour : Black. Approximate package dimensions (mm) H20 W305 D410 . Package weight 3 kg*Please note that this product is delivered direct from our supplier and may take a little longer to arrive
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What is Fiqh and Tasawwuf?
Fiqh is the Islamic jurisprudence that deals with the understanding and application of Islamic law derived from the Quran and the Sunnah (teachings and practices of the Prophet Muhammad). It covers various aspects of life including worship, transactions, family law, and criminal law. Tasawwuf, on the other hand, is the spiritual dimension of Islam that focuses on purifying the heart and achieving a closer relationship with Allah. It emphasizes self-discipline, self-reflection, and the cultivation of virtues such as humility, gratitude, and patience. Tasawwuf also includes practices such as dhikr (remembrance of Allah), meditation, and seeking the guidance of a spiritual mentor (sheikh).
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What is Fiqh-e-Jafaria?
Fiqh-e-Jafaria is a school of Islamic jurisprudence followed by Shia Muslims, particularly those belonging to the Jafari school of thought. It is based on the teachings of the Prophet Muhammad and the twelve Imams, with a focus on interpreting Islamic law in a way that is consistent with Shia beliefs and practices. Fiqh-e-Jafaria covers various aspects of religious, social, and personal life, providing guidance on matters such as prayer, fasting, marriage, and inheritance. It is an important source of religious authority for Shia Muslims, helping them navigate their daily lives in accordance with their faith.
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What are Juno kitchen appliances?
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Is the kitchen delivered without appliances?
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Are the kitchen appliances connected properly?
Yes, the kitchen appliances are connected properly. All the appliances are plugged into the appropriate outlets and are functioning as expected. Additionally, there are no visible signs of loose connections or electrical issues.
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Why do kitchen appliances turn yellow?
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