Rationalizing Hybrid Financial Instruments from an Usūlī Perspective

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

doi:10.1163/15730255-12341284

Rationalizing Hybrid Financial Instruments from an Usūlī Perspective

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

Authors

Professor Muhammed Ebrahim m.s.ebrahim@durham.ac.uk
Professor

M.O. Salleh

M. Sheikh

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