Good Faith Principle Of Contract Law For The Islamic Banking System

• Autores: Muhammad Khan, N.H. Han, S. B. Choi
• Localización: Utopía y praxis latinoamericana: revista internacional de filosofía iberoamericana y teoría social, ISSN-e 1316-5216, Nº. Extra 5, 2019, págs. 239-251
• Idioma: inglés
• Títulos paralelos:
  • Principio de buena fe en el derecho contractual del sistema bancario islámico
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    El sistema bancario islámico ha atraído la atención de académicos, profesionales e inversores. En el sistema bancario islámico, el principio de buena fe puede no cumplir adecuadamente el propósito para el cual se crearon los bancos islámicos. Este documento es para examinar tanto el debate actual como la práctica actual del principio de buena fe del derecho contractual del sistema bancario islámico. El estudio utiliza datos secundarios obtenidos de trabajos de investigación publicados, el Sagrado Corán y la Sunnah profética, que incorporan todos los principios de la ley islámica.

    Según nuestros hallazgos, el sistema bancario islámico es más eficiente económicamente.

  • English

    The Islamic banking system has attracted the attention of scholars, practitioners, and investors. In the Islamic banking system, the good faith principle may not adequately serve the purpose for which the Islamic banks were set up. This paper is to examine both the present debate and the current practice of the good faith principle of Islamic contract law in banking system.

    The study uses secondary data procured from published research papers, the Holy Quran, and the Prophetic Sunnah, which embody all tenets of Islamic law. From our findings, the Islamic banking system is more economically efficient.

• Referencias bibliográficas
  • BIBLIOGRAPHY
  • ABDEL KARIM, R.A (1995). “The nature and rationale of a conceptual framework for financial reporting by Islamic banks.”, in: Accounting and...
  • AHMED, A (2010). “Global financial crisis: an Islamic finance perspective.”, in: International Journal of Islamic and Middle Eastern Finance...
  • AKACEM, M, & GILLIAM, L (2002). “Principles of Islamic banking: Debt versus equity financing.”, in: Middle East Policy, 9(1), p.124.
  • ALQAHTANI, F, & MAYES, DG (2017). The global financial crisis and Islamic banking: The direct exposure to the crisis. Banks and Bank System,...
  • ANSHORI, AG (2009). Perbankan Syariah di Indonesia, Cetakan Kedua.
  • CHOI, S.B., HAN, NH, MUHAMMAD, K, & BAE, JH (2018). “Towards A Better Understanding of Good Faith Concept in Islamic Contract Law.”, in:...
  • CLAWSON, P (2006). The Embedded Corporation: Corporate Governance and Employment Relations in Japan and the United States.
  • DAJIC, S (2012). Mapping the Good Faith Principle in International Investment Arbitration Assessment of Its Substantive and Procedural value....
  • DUKES, K (2011). Quran English Translation.
  • FASIH, F (2012). “Inclusive growth in India through Islamic banking”, in: Procedia-Social and Behavioral Sciences, 37, pp.97-110.
  • GAITHER, TK, & AL-KANDARI, AJ (2014). The cultural-economic model and public relations in the Middle East: An examination of the Islamic...
  • HASSAN, T (1980). The Principle of Good faith in the Formation of Contracts. Suffolk Transnat'l LJ, 5, p.1.
  • IBRAHIM, A (2015). Accountability (Hisbah) in Islamic Management: The Philosophy and Ethics behind its Implementation. International Journal...
  • IFTIME, E (2015). Good Faith In Greek Civil Code. Journal of Public Administration, Finance and Law, 2(Special issue 2), pp.133-141.
  • ISLAMIC FINANCIAL SERVICES BOARD (2015). Islamic financial services industry stability report.
  • JUSTICIA, MD (2013). Spanish Civil Code.
  • KAMLA, R, & ALSOUFI, R (2015). Critical Muslim Intellectuals’ discourse and the issue of ‘Interest’(ribā): Implications for Islamic accounting...
  • KAYED, RN, & HASSAN, MK (2011). The global financial crisis and Islamic finance. Thunderbird International Business Review, 53(5), pp.551-564.
  • KHAN, F (2010). “How ‘Islamic’is Islamic banking?”, in: Journal of Economic Behavior & Organization, 76(3), pp.805-820.
  • KONTOT, K, HAMALI, J, & ABDULLAH, F (2016). “Determining factors of customers’ preferences: A case of deposit products in islamic banking.”,...
  • MACKAAY, E (2012). Good faith in civil law systems: A legal-economic analysis. Revista chilena de derecho privado, (18), pp.149-177.
  • MARTY MARTIN, W, & HUNT-AHMED, K (2011). “Executive compensation: The role of Shari'a compliance.”, in: International Journal of Islamic...
  • MOCANU, L (2011). “Roman Marks to European Law of The Contracts Good – Faith.”, in: Challenges of the Knowledge Society. Law.
  • MOHAMED SANUSI, M (2008). “Money laundering with particular reference to the banking deposit transactions: an Islamic perspective.”, in: Journal...
  • MUHAMMAD, T, MAMMAN, D, & TANGAZA, MA (2019). “Controversies and Challenges of Islamic Banking: Analysis of Regulatory Reform”. Journal...
  • RAHIM ABDUL RAHMAN, A (2010). Islamic microfinance: an ethical alternative to poverty alleviation. Humanomics, 26(4), pp.284-295.
  • REUTERS, IT (2017). Islamic Finance Development Report 2017: Towards Sustainability. ICD-Thomson Reuters.
  • SAN-JOSE, L, & CUESTA, J (2019). “Are Islamic banks different? The application of the Radical Affinity Index.”, in: International Journal...
  • SHIBANI, O, & DE FUENTES, C (2017). Differences and similaritites between corporate governance principles in Islamic banks and Conventional...
  • SIDDIQI, M.N (2008). “Current financial crisis and Islamic economics.”, in: IIUM Journal of Economics and Management, 16(2), pp.125-132.
  • UMAR FARUQ AHMAD, A, & RAFIQUE AHMAD, AB (2009). “Islamic microfinance: the evidence from Australia.”, in: Humanomics, 25(3), pp.217-235.
  • UTAMA, AS (2018). History and Development of Islamic Banking Regulations in the National Legal System of Indonesia. AL-'ADALAH, 15(1),...
  • WULANDARI, D, & SUBAGIO, A (2015). “Consumer decision making in conventional banks and islamic bank based on quality of service perception.”,...