Shariah parameters reconsidered
Purpose - The purpose of this paper is to explain three additional parameters, namely Design/methodology/approach - This analysis begins with examining the pitfalls of the contract approach and proceeds to present the Findings - The paper argues that the four approaches must be applied in package in determining Shariah compliant status to avoid costly errors that might lead to litigations and loss of competitiveness in the Islamic financing business. Originality/value - The paper provides new insights and integrated analysis of Shariah auditing where knowledge clusters concerning the Shariah, economics, finance and accountancy, and law are algamated to ascertain wholesome Shariah viewpoint.
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Volume (Year): 3 (2010)
Issue (Month): 2 (June)
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References listed on IDEAS
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- Mitchel Y. Abolafia (ed.), 2005. "Markets," Books, Edward Elgar Publishing, number 2788.
- Eichengreen, B., 2008. "Ten questions about the subprime crisis," Financial Stability Review, Banque de France, issue 11, pages 19-28, February.