ISLAMIC LAW OF TRADE AND FINANCE

Development in trade and commercial activities under Shariﬂzh without I parallel developnient of laws can result in destructive.
Therefore, an attempt has been madein this research to come up with”a of work on Islamic Law affecting some selected issues of contemporary and ﬁnancial practices.
I This work deals with the issue of ‘Invitation to Treat’ under Islamic CommionyLaw principles. Speciﬁc issues such as the comparison between ail-‘Ark, and Caveat Emptrn/, and also the grounds for the dissolution of partnership with a comparative treatment. The reader is also introduced with the issue of earnest money (Ba)/’ al-‘Urlmn) in ﬁnancial security. The Book
also discusses Halal stocks, and the Shm’i’ah mechanisms of determining stocks.
The writer also explores the idea of Islamic Dinar as an alternative medium of exchange for Muslim countries. Islamic models of insurance i.e. the concept of Talmful in general and family or Islamic life insurance has also been analyzed in this manuscript. The study ends with an intellectual discussion on Zakat as an able alternative to the modern social security and ﬁnally a rediscovery has been made with an Islamic common market in today’s reality.