CZECH - Can Islamic banking help boost Czech Republic exports?

www.islamic-finance-conference.net -A good deal of the ongoing economic and financial turmoil on world markets has been blamed on the unscrupulous practices of the international banking and financial sector. Islamic banking, on the other hand, is seen as a fairer and more balanced alternative which has been much less affected by the crisis. Can the Czech Republic benefit from a financial system based on the Islamic law? And can Islamic banking help boost Czech exports into Muslim countries? These are some of the issues debated at an international conference on Islamic banking held in Prague. (source)

CZECH - The opportunities for Islamic finance in the Czech Republic

The term Islamic finance has hitherto been a relatively unknown concept in the Czech Republic and many people have no idea about the industry. The economic situation in the Czech Republic has obviously been affected by the European and global economic crisis.
Nevertheless, the Czech Republic has been generally successful in comparison with other post-communist European countries. Financial institutions and banks have a long history in the Czech Republic, especially since the time of ‘The First Czech Republic’, the most developed and famous period of the republic, where businesses were founded by Bata, Skoda etc.
Recently however, lax financial principles have caused the failure of a number of entities. In addition, while European and international financial laws have been developed over the last two centuries. Czech financial laws have only developed within the last 20 years.
We are witnessing the failure of the capitalist economic system, which is based on interest and usury. However the capitalist economy has been as a dream for post-communist countries, which previously had to deal with the socialist economy. (full story)

CZECH REPUBLIC - Request for help and assistance

Salam aleykum wrwb dear Brothers and Sisters,

I am a Judge from the Czech, doing Ph.D. in International Lw at the Czech Charles University and writing a dissertation about Islamic banking.
If I can finish my work successfully inshaallah, it will be the the first legal writing concerning Islamic banking here, it is a big challeange as I have to collect all the information and sources myself, there is no islamic banking practise in the Czech Republic.
I have to complete the dissertation until December and I still have some missing points, I would be grateful if you could help me a little, inshaallah.
I would need to have some examples of Islamic banking contracts (ijara, mudaraba, musharaka, mortgage) to use them as a practical example in my work....and also to understand well the Sharia board in a bank in non muslim country...especially if there is a classical bank with an islamic branch, the real practise within the non islamic legislation....

Jazakum Alahu kheiran, may Allah reward you, I will be grateful for any possible help,

with my best regards,

Ivana Hrdlickova

JUDr. Ivana Hrdlickova

Judge
Appelate Court Czech Republic
Legal Expert of Council of Europe
International Association of Women Judges(IAWJ)
Ph.D. Researcher in International and Islamic Law 

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