PUBLICATIONS - FIQH - ISRA - new titles

New titles :

Reshaping the Islamic Finance Industry Applying the Lessons Learnt from the Global Financial Crisis (No 11/2010) - Rafe Haneef, Research Fellow, ISRA & Edib Smolo, Researcher, ISRA

The Issue of sequence and Pre-Signingin Contract Execution : A Comparison of Shari'ah Rules and Current Practice (No 12/2010) - Assoc. Prof. Dr. Asmadi Mohamed Naim, Islamic Finance and Banking Unit, College of Business, Universiti Utara Malaysia (UUM)

Can Bursa Malaysia’s Suq al-Sila’ (Commodity Murabahah House) Resolve the Controversy over Tawarruq? (No 10/2010) - Assoc. Prof. Dr. Asyraf Wajdi Dusuki, Head of Research Affairs Department, ISRA

ISLAMIC LAW - Organised tawarruq valid under Shariah : Nazim Yakubi

 published 28.07.2009 

The use of the organised tawarruq financing structure does not contradict Islamic law, prominent scholar Sheikh Nizam Yaquby said, disagreeing with a Saudi-based ruling to the contrary, reports Reuters.Tawarruq is a key financing structure of the $1 trillion Islamic finance industry. But whether or not the way it is organised in modern banks contradicts sharia, or Islamic law, has triggered fiery debates between scholars as the industry is struggling with a decline in business during the global financial crisis, the report said.

ISLAMIC LAW - Tawarruq: Shariah Risk or Banking Conundrum?

www.opalesque.com

Tawarruq: Shariah Risk or Banking Conundrum? Nikan Firoozye, Ph.D

Source : http://www.opalesque.com/OIFI12/Featured_Structure_Tawarruq_Shariah_Risk_or_Banking679.html - July 3, 2009
The landmark ruling (See reference link)
http://www.isra.my/index.php?option=com_content&view=article&id=355:oic-fiqh-academy-ruled-tawarruq-impermissible&catid=11:tawarruq&Itemid=15