This article examines the unique risks associated with Islamic financial institutions and the secular state’s reticence to directly regulate their religious dimension. It argues that the state’s method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks. The Financial Services Authority (FSA)...

This paper reviews the progress of Islamic banking from both theoretical and practical aspects. It highlights the basic principles on which Islamic banking is based and describes the operational details of Islamic banks. It mentions some of the misgivings with respect to the viability of Islamic banking and evaluates them objectively. It highlights the effects of Islamic banking on savings, inv...

legitimacy is among the factors that bring stability and effectiveness to a political system. in this article, the writer argues that there is a stronger tendency to keep and amend the basic rules of the system of the islamic republic of iran than to change and replace them. also, there is a stronger tendency to amend the present rules than to keep them as they are. political legitimacy, the wr...

Islamic medical jurisprudence, which is the subjectconcemed with the application of Islamic laws to the area of medicine, has never been discussed as an independent field of jurisprudence, although several selected topics, especially those concerning food and beverages, sexuality, death, wounds and injuries, and doctor-patient relations have been more discussed than others. The results of a...

the correspondence of juridical authorities in e-commerce   hossein jalaei nobarry [1]     abstract islamic religion has sufficiently attended along theological issues, discoursal arguments and expressions of values and ethics to obligatory and statutory provisions. as one of the proposed topics in jurisprudence relates to authorities in transactions, being conducted electonically all over the ...

To what extent does the formal institutional environment influence Islamic bank capital decisions? We answer this question by assessing effect of legal rule index on a sample 100 banks in 28 countries from 1999 to 2013. Our econometric analyses show that positively and significantly influences ratios. The results can be explained idea effective rules incentivize hold higher ratios signal better...