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dc.contributor.authorMilenkovic-Kerkovic, Tamara-
dc.contributor.authorJemovic, Mirjana-
dc.date.accessioned2018-06-01T15:03:01Z-
dc.date.available2018-06-01T15:03:01Z-
dc.date.issued2013-
dc.identifier.citationMilenkovic-Kerkovic, T., & Jemovic, M. (2013). The specific legal nature of the transaction in Islamic banking law. European Research Studies Journal, 16(1), 29-40.en_GB
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/30699-
dc.description.abstractProhibitions of interest and interest based income, proscribed by the Shariah law, have forced the Islamic banks and other financial institutions to develop special models of financing. Author examines the legal nature of various financial arrangements offered by the Islamic banks which could be classified into three basic groups of contracts. Some of those transactions are the classical legal agreements based on the profit and loss sharing where the contractual conditions relating to financing, repayments and proportions are ex ante known in which case the banks act as investors. Other models of financing are structured as commercial businesses where bank takes a role of trader or service supplier.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectBanks and banking -- Religious aspects -- Islamen_GB
dc.subjectBanks and banking -- Islamic countriesen_GB
dc.subjectIslamic law -- Economic aspectsen_GB
dc.subjectBanking law (Islamic law)en_GB
dc.subjectProhibitionen_GB
dc.titleThe specific legal nature of the transaction in Islamic banking lawen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 16, Issue 1

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