{"title":"Extensive Use of Ḥilah in Islamic Banking and Finance","authors":"M. Billah","doi":"10.2139/SSRN.2859642","DOIUrl":null,"url":null,"abstract":"Wonder whether Islamic banks are simply disguising interest-bearing loans. Such disguises are known as ḥīlah (legal stratagem) in Islamic law. This paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of ḥīlah under various schools of Islamic law. The paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of the ḥīlah under various schools of Islamic law.","PeriodicalId":38360,"journal":{"name":"Islamic Quarterly","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Islamic Quarterly","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2859642","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Arts and Humanities","Score":null,"Total":0}
引用次数: 1
Abstract
Wonder whether Islamic banks are simply disguising interest-bearing loans. Such disguises are known as ḥīlah (legal stratagem) in Islamic law. This paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of ḥīlah under various schools of Islamic law. The paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of the ḥīlah under various schools of Islamic law.
期刊介绍：
The Islamic Quarterly is published since 1954 by the Islamic Cultural Centre, London. Many leading Muslim and non-Muslim Scholars from universities and institutions across the globe contribute regularly on matters relating to Islamic Law, Culture and Arts. The journal at the same time focuses on the academic and intellectual research in the field of Islamic history and all other aspects of Islamic thought & civilization. The Islamic Quarterly has a world-wide distribution mostly to universities, libraries and academic institutions. Individual subscribers are also welcomed.
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