Sample Essay
After the development of the Islamic Commercial Law from the teachings pointed out in the Shariah, the Islamic Commercial Law all but disappeared due to its impracticability and inapplicability in the real world where multiple factors influence operations against the teachings of Shariah. However in the recent decades the orientation towards the study and exploration of Islam has grown which has caused extensive debate on Shariah and its guidelines. These have contributed towards the revival of the Islamic Commercial Law.
The growth and development in the Islamic world along with the growth of the Islam as a religion in countries around the world has led to increase in business transactions, and investments by Muslims, who also require access to Islamic banking. The combination of the above mentioned factors have considerably contributed to making Islamic Commercial Law significant in the recent years.
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