The shariah issues involving cryptocurrencies include the permissibility of dealing with them given that they are not backed by assets, nor their value is guaranteed by any authority or party. This is in addition to their vulnerability to sharp fluctuations in their values and to electronic piracy; not to mention the infeasibility of controlling their use in illegal activities, such as financing the drug trade and so on.
The book examines the growing tension between social movements that embrace egalitarian and inclusivist views of national and global politics, most notably classical liberalism, and those that advance social hierarchy and national exclusivism, such as neoliberalism, neoconservatism, and national populism.
This chapter examines how fintech-led financial intermediation would help to solve some key Shari‘ah issues faced by traditional financial intermediation led by banks. Financial intermediation based only on interest-rate mechanisms has obvious limitations as it hampers both investments and employment. The chapter shows that fintech-led financial intermediation would lead to better Shari‘ah compliance and address the issue of financial inclusion as well as better financing of small and medium-sized enterprises (SME) who have hitherto been unable to access mainstream financial market.
The labour market in
The Routledge Handbook of
Islamic civilization flourished in the Middle Ages across a vast geographical area that spans today's Middle and Near East.
The chapter traces the essential functions and role awqaf played in the past, that it still provides socio-economic services for society, and organizations’ experiences, which play a significant role in this direction. It makes some recommendations for improving the sector in the present circumstances.
This chapter explores curricular principles and topics for women's entrepreneurial leadership education in Arabian Gulf countries, focussing on a number of converging and divergent factors that together distinguish the region.
This chapter provides a high-level introduction to the main issues discussed in the book. It examines the socio-economic importance and potentials of
The Prophet Muhammad is considered the first commentator on the Qur’an and the exemplar whose actions teach Muslims how live and act in accordance with the Qur’an. Whereas the Qur’an provides accounts of the trials that previous messengers such as Moses and Abraham faced before their prophetic missions began, there are only a few allusions to the life of the Prophet Muhammad before the onset of his prophetic mission.