This historic and well-researched judgment is written by Justice Usmani of Pakistan's highest court, in 1999. The implementation of the judgment however was postponed several times by the current Pakistani regime. It nevertheless serves as a useful work for students of Islamic law and economics.

In this pioneering work Siraj Sait and Hilary Lim address Islamic property and land rights, drawing on a range of socio-historical, classical and contemporary resources. They address the significance of Islamic theories of property and Islamic land tenure regimes on the 'webs of tenure' prevalent in the Muslim societies. They consider the possibility of using Islamic legal and human rights systems for the development of inclusive, pro-poor approaches to land rights. They also focus on Muslim women's rights to property and inheritance systems. Engaging with institutions such as the Islamic endowment (waqf) and principles of Islamic microfinance, they test the workability of 'authentic' Islamic proposals. Located in human rights as well as Islamic debates, this study offers a well researched and constructive appraisal of property and land rights in the Muslim world.

A leading Islamic finance banker sheds light on an industry with growing global influence: “A superb introduction to a fascinating subject” (Financial Times) A trillion-dollar financial industry has revolutionized the global economy. Governments and corporations across the Islamic world have turned to finance that complies with Shari‘a law in order to fund economic growth. Even in the West, Islamic finance became an important al­ternative source of funding when the conventional finance industry was reeling from the effects of the financial crisis. From its origins in the seventh century, Islamic finance has sought to develop core ethical principles that are based in the foundations of Islam and Shari‘a. But with an increasing Western interest, is it able to remain true to the principles of its faith? Can it maintain its ideals of social jus­tice? Or is Islamic finance guilty of the very dangers it seeks to avoid. In Heaven's Bankers, Harris Irfan, one of the world's leading Islamic finance bankers, gives unparalleled insight into the heart of this secretive industry. From his personal ex­perience of working with leading bankers, scholars and law­yers, he debunks the myths of Islamic banking, analyzes its greatest deals, and looks to the future of a system that has reprioritized the very nature of money itself.

This work is a practical and commercial guide to the fundamental principles of Islamic finance and their application to Islamic finance transactions. Islamic finance is a rapidly expanding, global industry and this book is designed to provide a practical treatment of the subject. It includes discussion and analysis of the negotiation and structure involved in Islamic finance transactions, with relevant case studies, structure diagrams and precedent material supporting the commentary throughout. An introductory section describes the theoretical background and explains the principles (and their sources) of Islamic law which underpin Islamic finance practices, providing an important backdrop to the work as a whole. The work also considers the role of Shariah supervisory boards, Islamic financial institutions and the relevance of accounting approaches. The work adopts an international perspective to reflect the pan-global nature of the industry and accepted practices, with the aim to bring together different schools of thought applied in international Islamic finance transactions. It also highlights any regional differences in accepted practice by reviewing the position in the Gulf states, Asia, the UK and Europe and the USA. The second part of the book concentrates on Islamic financial law in practice and begins with a section on financial techniques. This section explains the basic requirements for Islamic finance contracts both in terms of the underlying asset types and also both the applicability and acceptability of the underlying asset. There is a full discussion of the various types of contractual models such as Mudaraba (trustee finance), Musharaka (partnership or joint venture), Murabaha (sale of goods), and Sukuk (participation securities: coupons etc). The nascent area of Takaful (insurance) is also covered as are matters specific to the important field of project and asset finance.

To truly understand the current interest in the development of Islamic banking and finance in South-East Asia and how it is different from the conventional banking system, one must first understand the religious relationship originating from the Qur'an, and then trace the historical geographic and political developments of Islam over recent centuries. Only on this basis can the reader, without prejudice or cynicism, begin to appreciate Shari'ah law and Islamic jurisprudence. With this platform established in the first part of the book, readers are invited to learn about the financial products and services offered, understand the challenges in their development, and ultimately recognize the significant opportunities that Islamic banking and finance can provide both Muslims and non-Muslims.This second edition contains updates of statistics and dates with regards to the development of Islamic banking in Malaysia, Singapore, Indonesia and Brunei. In particular, the chapter on Singapore details significant developments such as the direction which major banks are taking towards Islamic banking and the increase in Islamic banking products being offered.Although written by a non-Muslim author, this highly-regarded book is being translated into Arabic by a leading Islamic university in the Middle East.

I.B.Tauris in association with the Institute of Ismaili Studies This is the first English translation of the final philosophical work of the great eleventh-century Ismaili thinker, poet, and Fatimid emissary, N?sir-i Khusraw. Appointed from Cairo by command of the Fatimid Imam-caliph al-Mustansir to serve first as a d?'?, and then as the hujjat, for the entire region of Khur?s?n, he maintained his allegiance both to his mission and his Imam-caliph for the rest of his life, even when threatened and driven into exile. Written during his exile in Badakhsh?n in the year 1070, N?sir-i Khusraw here develops a powerful presentation of both Aristotelian philosophy and Ismaili exegesis, or ta'w?l, and strives to show that they are ultimately in harmony. The work is presented as a learned commentary on a long philosophical poem, written in the previous century and sent to N?sir by the am?r of Badakhsh?n, 'Al? b. al-Asad, who copied the poem out in his own hand from memory and asked the poet-philosopher to explicate it. In doing so, N?sir ranges over a huge span of topics from logic and language to the nature of the physical world, from the spheres of the highest heavens to the plants and animals of the earthly realm, and, most importantly, hidden spiritual realities: the esoteric (b?tin) as well as the exoteric (z?hir) realms. He thus discusses the nature of God, the creation of human beings, and the mysteries concealed in the physical world, itself a reflection of a higher, transcendent realm. Between Reason and Revelation: Twin Wisdoms Reconciled is an annotated translation of the Persian text prepared by Henry Corbin and Mohammed Mu'?n based on the single surviving manuscript of the work, now in the Süleymaniye Mosque Library in Istanbul. It is a work of great philosophical and spiritual insight, which is also a pioneering attempt to tackle difficult intellectual problems in the Persian language; it is at once lucid and lyrical, precise and speculative. N?sir's influence has been immense as both a poet and a thinker, and the Kit?b-i J?mi' al-hikmatayn is his crowning work.

Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.