Sharia Risk? How Islamic Finance Has Transformed Islamic Contract Law

Outlines the basis of Shar'ia, equitable social justice, and explains Sharia's prohibition of exploitative and unethical practices, of which the prohibition of interest is most famous. The ethical nature of Shar'ia underpins the business of Islamic finance, yet ethics, along with legal rules, are subject to interpretation. Examines the exact role the ethics of Shar'ia play in Islamic finance, the risk for those who bank in the sector, and the change that Islamic law has undergone through the practice of Islamic finance in today's global market.