Transformation of Islamic Law in Global Financial Markets

£114.00

Transformation of Islamic Law in Global Financial Markets

Middle Eastern history International economics Finance and the finance industry Law Systems of law: Islamic law Financial law: general Banking law

Author: Jonathan Ercanbrack

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Language: English

Published by: Cambridge University Press

Published on: 1st January 2015

Format: LCP-protected ePub

Size: 1 Mb

ISBN: 9781316234754


The role of global capital in relation to human social systems

The role of global capital in relation to human social systems has assumed enormous proportions in liberalised, deregulated markets. States attempt to nationalise it, financial centres spring up in its wake, and INGOs attempt to deal with its de-territorialising, supranational characteristics. A global adjudication system (arbitration) has been introduced to safeguard and buttress its flow.

The power of Islamic capital and legal contestation

The power of Islamic capital has generated numerous sites of legal contestation and negotiation, ranging from gateway financial centres, international law firms and transnational financial institutions, all of which interact in the production of Islamic financial law (IFL). The process of producing IFL illustrates complex fields of action driven by power dynamics, neoliberal paradigms and the institutional momentum of the global economy.

Legal systems and globalisation

The municipal legal systems under study in this book (the United Kingdom, Bahrain, United Arab Emirates and the Dubai International Financial Centre) illustrate globalisation's acceleration of legal, economic and social production.

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