University of Exeter

The thesis is a study of Al-Dawudi's Kitab Al-Amwal divided into three parts. The first includes commentary on the geographical and linguistic aspects of the Arabic text and a thorough review of references to the book by later jurists. The second part is comprised of a critical study of the author, period and the book, including an explanation for the reasons for confusion of several financial terms over the years.

This thesis discusses the changes in the religious perception of usury, and analyzes the local as well as international circumstances that generated a suitable environment for the establishment and growth of Islamic banking are analyzed. Structural changes have liberalized international financial environment since the 1980s, which facilitated the acceptance of Islamic banks by Western banks. The thesis takes Kuwait as a case study in which Islamic financial institutions pose a real threat to conventional banking.

This thesis examines aspects of the law of sales and establishes basic rules for them, and aims to produce useful knowledge about how medieval jurists approached this subject matter. Certain transactions containing elements of risk, ignorance, uncertainty and ill-will in their structure were forbidden by the

This thesis explores the history of the legal and administrative development in the Arab Gulf states and the U.A.E.; the history, growth, and development of banking in the U.A.E. and an examination of the legal practice adapted by the Federal and local courts in the U.A.E.; comparative laws and practices of neighboring Arab states and the commercial law and the problems of loans, banking facilities and interest, plus legal dilemma caused by the interest in banking disputes; letters of guarantees in light of the current practice in U.A.E.

This study aims to test the theory and practice of Islamic banking under Shari'a law and also examine the controversy surrounding this subject. The theoretical presentation is made in the first three chapters: Chapter 1 deals with the prohibition of interest under Islamic law; Chapter 2 is about finance and investments in the private sector; Chapter 3 tells about the Islamic banking system from a

Although conventional banking has existed in the Gulf area since the 1920s, the Muslim population of this region has been reluctant to bank with these institutions because of their failure to conform to Islamic principles.