Specific Traits of Islamic Law in Relation to Economic and Financial Systems
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86086753" target="_blank" >RIV/61989100:27510/15:86086753 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Specific Traits of Islamic Law in Relation to Economic and Financial Systems
Original language description
Islamic law is a legal system with a number of specific traits, which determine the path to the Islamic economic system. An Islamic banking system has been for years an overlooked alternative to our financial system. The lack of interest, to which it was exposed in the past, clearly left a trace of misconceptions, with which we are accustomed to view it. It does not just concern the concept of our Western world banking in an Islamic environment. It is a system based on pillars, which are based on a very different historical context. The goal of the paper is to describe and explain the principles of the Islamic laws and the actual behaviour of the economy, and economic entities formally operating under Islamic principles (mainly banks). Based on understanding of the principles of Islamic law and the principles, on which an Islamic bank works, and on explanation of the bank's main characteristics, in particular the relationship to interest, loan usury, as well as clarifying the method of profit gain, the paper aims to evaluate the effect of Islamic finance and outline the current practice in the light of compliance with the fundamentals of Islamic financial law.
Czech name
—
Czech description
—
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AG - Legal sciences
OECD FORD branch
—
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomická revue - Central European Review of Economics Issues
ISSN
1212-3951
e-ISSN
—
Volume of the periodical
XVIII
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
19
Pages from-to
25-43
UT code for WoS article
—
EID of the result in the Scopus database
—