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Cover image for Concept and application of Shariah for the construction industry : Shariah compliance in construction contracts, project finance and risk management
Title:
Concept and application of Shariah for the construction industry : Shariah compliance in construction contracts, project finance and risk management
Physical Description:
1 online resource
ISBN:
9789813238916

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Library
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Material Type
Item Category 1
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EB001415 EB 001415 Electronic Book 1:EBOOK
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Summary

Summary

The application of Shariah compliance in business transactions continues to increase. The Asian financial crisis of 1997, global financial crisis of 2007-2008, Enron scandal and other reported ills besieging conventional business transactions have led to advocates of Shariah-compliant business transactions promoting the latter as a credible alternative. However, unlike the banking, commerce and financial sectors, the uptake by the construction sector was sluggish due to limited understanding of Shariah among the practitioners and policymakers compounded by the lack of research and publications on its application for the construction sector.This book is intended for students, researchers, practitioners and policymakers of the construction industry as well as the related upstream and downstream activities. It offers basic theories, challenges current practices, and proposes innovative ideas on Shariah compliance and its application for the construction industry.


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