Publication details for Professor Muhammed-Shahid EbrahimEbrahim, M. S., Salleh, M.O. & Sheikh, M. (2014). Rationalizing Hybrid Financial Instruments from an Usūlī Perspective. Arab Law Quarterly 28(3): 295-306.
- Publication type: Journal Article
- ISSN/ISBN: 0268-0556, 1573-0255
- DOI: 10.1163/15730255-12341284
- Further publication details on publisher web site
- Durham Research Online (DRO) - may include full text
Author(s) from Durham
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).