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1 Status of the Global Islamic Finance Industry

Ibrahim Warde

From: Islamic Finance: Law and Practice

Edited By: Craig R.Nethercott, David M. Eisenberg

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 18 April 2024

Islamic financial services — Freezing injunctions and international courts — Debt — Credit default swap (CDS) — Bonds — Equity — Options
1.01 Islamic finance practitioners tend to be primarily concerned with definitions and financial techniques within their area of specialization. Beyond such specifics, their understanding of the bigger picture is often reduced to a few implicit—and faulty—assumptions. One is that there is a fixed, unchanging framework for Islamic finance, applicable everywhere, that has been established once and for all by religious scholars. Another is that Islamic finance has been in existence since the early days of Islam, or that it has appeared fully formed at one point in...
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