By Mohd Ma’Sum Billah, Ph.D
Abstract
Modern investment activities under Shari’ah (Islamic law) principles had promisingly been attracting both Muslim and non-Muslim across the world ever since 1963. Despite such an achievement there are situations when the spirit of true Shari’ah (Islamic law) guidelines are not accurately observed in an Islamic investment culture. This shortcoming might be due to lack of understanding, socio-political or eco-cultural influences or less priority to the spirit of divine principles. It is an essential factor for a true Islamic investment to observe Shari’ah (Islamic law) standard and divine ethical principles accurately in all aspects of the investment activities. Thus, in this paper an attempt is made to analyze the Shari’ah (Islamic law) standards affecting modern investment activities. The study has been conducted by applying a possible ‘meta analysis approach’ for a common benefit in the modern Islamic investment environment.
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