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The Economics of Ottoman Justice

Settlement and Trial in the Sharia Courts

During the seventeenth and eighteenth centuries, the Ottoman Empire endured long periods of warfare, facing intense financial pressures and new international mercantile and monetary trends. The Empire also experienced major political-administrative restructuring and socioeconomic transformations. In the context of this tumultuous change, The Economics of Ottoman Justice examines Ottoman legal practices and the sharia court's operations to reflect on the judicial system and provincial relationships. Metin Coşgel and Boğaç Ergene provide a systematic depiction of socio-legal interactions, identifying how different social, economic, gender and religious groups used the court, how they settled their disputes, and which factors contributed to their success at trial. Using an economic approach, Coşgel and Ergene offer rare insights into the role of power differences in judicial interactions, and into the reproduction of communal hierarchies in court, and demonstrate how court use patterns changed over time.

In the context of this tumultuous change, The Economics of Ottoman Justice examines Ottoman legal practices and the sharia court's operations to reflect on the judicial system and provincial relationships.

Obama On Sharia Law

The Sharia Law are the rules and the belief structure that governs the complete body of Islam. The term refers to the way of operation or more specifically the framework that governs the public and private life of the citizens. This is particular to the individuals who practice Islam or who live in an area that is based on Islamic beliefs. The Sharia Law refers to all aspects of everyday life which includes economics, banking, politics, business, sexuality and other societal issues. There is no single, uniform, outline of the law however it refers to a combination of laws that are guided by the Hadith, the Quran and the precedents. This book will cover some of the different areas of the Sharia Law and the view point of Obama’s administration towards the Law.

This book will cover some of the different areas of the Sharia Law and the view point of Obama’s administration towards the Law.

Obama on Sharia Law

The Sharia Law are the rules and the belief structure that governs the complete body of Islam. The term refers to the way of operation or more specifically the framework that governs the public and private life of the citizens. This is particular to the individuals who practice Islam or who live in an area that is based on Islamic beliefs. The Sharia Law refers to all aspects of everyday life which includes economics, banking, politics, business, sexuality and other societal issues. There is no single, uniform, outline of the law however it refers to a combination of laws that are guided by the Hadith, the Quran and the precedents. This book will cover some of the different areas of the Sharia Law and the view point of Obama's administration towards the Law.

This book will cover some of the different areas of the Sharia Law and the view point of Obama's administration towards the Law.

An Integrated Corporate Governance Framework for Sharia Law Countries

Corporate governance -- Financial development -- Institutional environment -- Macroeconomic fundamentals -- Economic growth -- Sharia law

Corporate governance -- Financial development -- Institutional environment -- Macroeconomic fundamentals -- Economic growth -- Sharia law

Does Islamic Banking Contribute to Sharia Law

Critical Issues on Libyan Banking and Financial Markets

The purpose of this study is to develop a better understanding of how Islamic development policy making and makers have made meaning of the central issues of development and progress as expressed in the body of theory and practice that makes up the development field. Interestingly, this study takes the reader through the principles of Islamic finance and compares. Its ideals to those of the western venture capitalists were already criticising the Euro-centric nature of the development discourse in the 1950s and 60s. They proposed an Islamisation of knowledge, particularly in the field of economics, as a way of overcoming a perceived Western domination.Islamic banking is an experiment in finding innovative ways to regulate a financial system under Islamic Sharia (or Islamic law). The Libyan Islamic bank has only very recently been established, in 2012, as a major step in the development of the country's Islamic finance reform. Its presence will facilitate a better operation of a valuable resource through the development of sound capital investment. Libya is a particularly interesting centre for Islamic finance, as Islam is the state religion, and about 97 per cent of all Libyans are Sunni Muslim. Due to the former regime's chronic inability to diversify the economy away from the oil and gas sectors, Libyan fiscal policy continues to be dominated by oil revenues generated to support the huge burden of the bloated civil service and the extensive subsidy system. This study's results will be useful in reaching regulators, policy-makers, researchers and practitioners to develop Islamic finance in order to increase economic growth in developing countries and/or emerging economies in general, and within Libya in particular.

The purpose of this study is to develop a better understanding of how Islamic development policy making and makers have made meaning of the central issues of development and progress as expressed in the body of theory and practice that ...

Risk and Return Under Sharia Framework

An Attempt to Develop Sharia Compliant Asset Pricing Model-SCAPM.

Islamic finance has shown tremendous growth in last two decades. By the end of December 2008, in more than 50 countries approximately 300 institutions are operating and they manage funds of US $951 billion. As IFIs are entering into equity market for investment hence guidance in the field of security pricing is required. There is a need to analyze the existing security pricing models within the filter of Sharia compliance and suggest an alternative where required. This study is an attempt to analyze the technical asset pricing models (CAPM, APT and multifactor models) based on behavior of stock market and macroeconomic factors, test the validity through Sharia compliance filter and suggest modification if required. Findings suggest that existing technical asset pricing models are very much applicable under Sharia frame work with a minor modification of risk free return because under Islamic financial system risk free return does not exist. Traditional CAPM is convertible into SCAPM by eliminating risk free return and including inflation charge.

Islamic finance has shown tremendous growth in last two decades.