The Principles of Finance in Fatimi Tayyibi Law; Perception and Practice in the Dawoodi Bohra Community Today

Fatimi Tayyibi law has a unique perspective on the principles of finance in Islamic law. The prohibition of riba (interest) and gharar (undue speculation), and the principles of freedom of contract provide a framework for the unplementation of the concepts of justice, equity, welfare, and fair play...

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Bibliographic Details
Main Author: Qutbuddin, Abde-ali K.
Published: University of Manchester 2003
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.511641
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Summary:Fatimi Tayyibi law has a unique perspective on the principles of finance in Islamic law. The prohibition of riba (interest) and gharar (undue speculation), and the principles of freedom of contract provide a framework for the unplementation of the concepts of justice, equity, welfare, and fair play to prevent exploitation, undue speculation, undue litigation, and fraud. fraud. However, in frilfihnent of its claims of being a code of principles for all time, Fatimi Tayyibi )i law maintains the flexibility for adapting itself to changing times and environments.