Mohammad Hashim Kamali
is professor of law
at the International Islamic University of Malaysia
. He has taught Islamic
law and jurisprudence there since 1985.
He is the author of Islamic Commercial Law
2000, a study of the application of Shariah
principles to some crucial financial instruments
and futures contracts
. He takes a much more permissive view of these instruments than do most Islamicists.
He wrote, for example, that many have "passed prohibitive judgments on futures and options" who have "not only failed to produce decisive evidence in support of their positions but have done so on the assumption that futures trading has no social utility and has no bearing on the welfare...of the people."
Among the scholars who pass the "prohibitive judgments" with which Kamali disagrees are Muhammad Akram Khan
and Umar Chapra
Born in Afghanistan in 1944, Mohammad Hashim Kamali served as Professor of Islamic law and jurisprudence at the International Islamic University Malaysia
, and also as Dean of the International Institute of Islamic Thought & Civilisation (ISTAC) from 1985-2007. He is currently the CEO & Chairman of the . He studied law at Kabul University and then served as Assistant Professor, and subsequently as Public Prosecutor with the Ministry of Justice, Afghanistan, 1965-1968. He completed his LL.M. in comparative law, and a PhD in Islamic and Middle Eastern law at the......