Arab Islamic Banking and Revewal of Islamic Law

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Top 20 FREQUENT WORDS

islamic 71 ray 48 banking 41 fiqh 19 author 17 arab 15 chapter 15 banks 12 musharaka 12 pages 12 qur 10 salam 10 analysis 8 futures 8 malaysia 8 murabaha 8 price 8 sharia 8 contract 7 medieval 7 mudaraba 7 sale 7


DOCUMENT KEY POINTS

  • these are followed by three other chapters one on faisal islamic bank of egypt in no less than pages followed by chapter four bearing the title aggregate balance sheet and growth rate of islamic banking in seven pages and then chapter five bearing the title concluding remarks in one page and even the one page is actually only half a page
  • to confuse the one for the other has precisely been the bane of taqlid and i need not elaborate that the muslim community s return to ijtihad following the strictures of the era of taqlid is to ijtihad which draws its primary inspiration not from medieval fiqh but directly from the qur an and sunna and the overriding values that are upheld in these sources
  • ray has himself clearly conveyed the remarkable success story of fibe despite the many adverse conditions that were faced by the egyptian economy during this decade including for example the drastic devaluation of the egyptian pound against major currencies especially the us dollar by about per cent within a decade
  • dylan ray arab islamic banking and the renewal of islamic law author s work in this as well as in the introductory chapter are manifested in shallowness of contact with the primary sources of sharia passing of judgments on matters over which the author has not shown a firm grasp of the available evidence excessive advocacy of medievalism and criticising others for failure to comply with questionable propositions
  • doctor dylan ray might like to follow up developments in islamic banking in the s in areas which he has already included in his present work or better still to widen the scope of his enquiry beyond the arab middle east and include developments in such places as malaysia iran and pakistan


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DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic economics


KeyWords

allah prophet islam ibn muslim quran shari surah arab muhammad sunnah pbuh meaning NA rulebased opinion source evidence legislated dar


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DOCUMENT REFERENCES

Number of Pages

7


Published Date

2106-02-07 09:28:15


Full Document

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