Rationalizing Hybrid Financial Instruments from an Usūlī Perspective

Ebrahim, M.S.; Salleh, M.O.; Sheikh, M.

Abstract

This article attributes the prime reason for the underdevelopment of the Arab and Muslim world to the lack of advancement of their financial intermediation systems. We instigate the employment of hybrid financial instruments to re-invigorate their financial architecture. Not only does this solution satisfy the economic efficiency prerequisites, it is also in congruent with uṣūl al-fiqh (principles of Islamic jurisprudence).

Citation

Ebrahim, M., Salleh, M., & Sheikh, M. (2014). Rationalizing Hybrid Financial Instruments from an Usūlī Perspective. Arab Law Quarterly, 28(3), 295-306. https://doi.org/10.1163/15730255-12341284

• Journal Article Type: Article
• Acceptance Date: Jul 21, 2014
• Publication Date: Sep 23, 2014
• Deposit Date: Apr 15, 2015
• Publicly Available Date: Apr 21, 2015
• Journal: Arab Law Quarterly
• Print ISSN: 0268-0556
• Electronic ISSN: 1573-0255
• Publisher: Brill Academic Publishers
• Peer Reviewed: Peer Reviewed
• Volume: 28
• Issue: 3
• Pages: 295-306
• DOI: https://doi.org/10.1163/15730255-12341284
• Public URL: https://durham-repository.worktribe.com/output/1407052