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LAWS6975 - Islamic Law and Commerce
Faculty of Law (Sydney Law School) - 6 credit points
HECS Band three
EFTSL: 0.125000000
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Department: Law
Teacher/Coordinator: Dr Salim Farrar, Dr Nik Norzrul Thani

Classes: Mar 23, 24 & 30, 31 (9-5)

Assessment: take-home exam (40%) and 5000wd essay (60%)

This unit is about the doctrine and application of Islamic law in contemporary commercial environments. It is divided into two parts. Part 1 introduces Islamic law and its sources, before moving to discuss Islamic contracts, remedies and dispute resolution. It concludes by providing a contemporary overview of legal systems and business environments across the Islamic world. Part II contextualises the discussion through a focus on Islamic banking and finance, with particular reference to Malaysia and South East Asia. Topics will include: Malaysia's dual banking system and regulation of Islamic banking; methods of Islamic home financing; corporate capital raising, Islamic capital markets, sukuks (asset-based bonds) and takaful (Islamic insurance). It will also examine the problems of secular courts enforcing Islamic contracts.This unit replaced LAWS6975 Islamic Trade and Finance Law.
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