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Essay / Research Paper Abstract
This 8 paper looks at the way Sharia law impacts on business. Written in three parts the first part looks at the general influences, the second part looks at how bonds, or sukuk, are issues and the last part at the way sukuk is perceived under Islamic law. The bibliography cites 8 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEshariabus.rtf
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Unformatted sample text from the term paper:
business they can participate within. In many instances there are rules and regulation which are not part of the national legislative requirements that firm may be bound to comply, either
as a result of personal beliefs, ethics and values or the result or market place demands. Many firms that operate in Islamic countries or run by Islamic management will follow
Sharia law, in some cases this will be mandatory due to the imposition through the legislative base, in others it will be choice made due to beliefs, as such it
is more than simply a system of rules and regulations it is tied in inextricably with the Islamic system. This has a major impact on business, especially in terms of
financing. 2. Impact of Sharia on Corporate Affairs and Corporate Law In many instances businesses will be adopting Sharia
law as a form of regulation even where the law is not recognized by the state. The term Sharia is a term which means "way" or "marks after the water
source". Sharia deals with many elements of Islamic daily life but it should also be remembered that there is no single codified set of laws which is universally accepted, the
laws are subject to interpretation and application which can vary dependant upon the situation and the individuals involved. The general principle of Islamic laws to guide the way a Muslim
lives and are generally believed to be based upon the Quran, the hadith1, giyas and ijma, all of which have been subject to centuries of study, debate and interpretation. Different
schools of thought within the Muslim world would not always adopt the same sources of law from the texts. However, there are general principle that can be examined and assessed
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