Islamic Law of Business Organisation

Islamic Law of Business Organisation

Product ID: 3818

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Author: Imran Ahsan Khan Nyazee
Publisher: Kitab Bhavan
Year: 1998
Language: English
Pages: 364
ISBN/UPC (if available): 8171512673


A scholarly effort to sort out complicated questions, to enunciate Islamic principles relative to business enterprise, and to apply them in the changed context of present day business.

The recent decades have witnessed a strong assertion of Islamic identity. One of its manifestations is the insistence on the part of Muslims that all institutions of life should be brought in conformity with Islamic principles. This necessitates exploring Islamic principles relevant to such institutions as well as developing clear ideas as to how those principles would be applied in the changed circumstances of the present age.

Imran Ahsan Nyazee has addressed himself to these very question in the present work and has attempted to spell out the Islamic principles on which business enterprise should be based specially in the area of partnership. In this exercise he displays a strikingly acute awareness of Islamic laws on the subject. This however is matched by an equally striking awareness of the forms of business organization in vogue in the contemporary world. What is perhaps no less striking is the author's robust confidence in Islamic law and its distinct approach to the problems of life, including business and finance.

He feels unhappy with those Muslims who, instead taking up the challenge to build institutions of business and finance in the light of Islamic principles, resort to the less strenuous task of uncritically appropriating Western institutions. Nyazeed IS CONVINCED THAT THE Islamic legal principles at bvariance with the contemporary laws and practices in business and finance are intrinsically sound and are preferable to their counterparts prevailing in the present times.