Specific Traits of Islamic Law in Relation to Economic and Financial Systems

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Specific Traits of Islamic Law in Relation to Economic and Financial Systems

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Specific Traits of Islamic Law in Relation to Economic and Financial Systems

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AG - Právní vědy

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Ekonomická revue - Central European Review of Economics Issues

ISSN

1212-3951

e-ISSN

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Svazek periodika

XVIII

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

19

Strana od-do

25-43

Kód UT WoS článku

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EID výsledku v databázi Scopus

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