The foundations of competition between investment projects “ According to Sharia and Law Standards ”

Mahmoud Alshwaiyat

Islamic Law & Comparative Jurisprudence Dept. - Kilaw - - Kuwait International Law School

Abstract

Abstract Since the beginnings of the last Islamic intellectual awakening in the middle of the last century and in conjunction with the emergence of Islamic financial institutions, the need has come to lead specialists from the doctrinal and economic scholars to develop methods, financial products and economic tools compatible with the provisions of Islamic Sharia. And after the increased interest of financiers, bankers, accountants and economists in the necessity of finding Islamic alternatives for usurious methods based on usurious interest, new financial, banking and accounting methods were developed in this field, and the evidence for that is the establishment of Islamic banks and the establishment of Islamic insurance companies and there are serious beginnings to find pure Islamic financial markets, as well as thanks to God Almighty issuing several Sharia and Accounting Standards regarding this through the Accounting and Auditing Organization for Islamic Financial Institutions (Al-Ayoufi) This is in the aspect of Islamic economics in general and in the section on Islamic finance in particular. In particular, and in the axis of competition between investment projects, we find some serious research attempts to establish foundations and standards compatible with the provisions of Islamic Sharia to differentiate between investment projects. The main matter dealt with in the subject of this research paper compared with Legal standards as it will focus in the first topic on highlighting the most important foundations and traditional standards that are usually adopted for comparison between investment projects, and then presented in its second topic to the most important foundations and standards proposed and consistent with the provisions of Sharia The Islamic trade-off between investment projects, and in the third section will study the balance between what has been raised in the previous out Alambgesan serve a harmonious combination of investment and contribute to achieving sustainable development. Keywords : Competitiveness, Project Appraisal, Economic Feasibility, Investment Controls, Alshwaiyat.

Keywords

Competitiveness, Project Appraisal, Economic Feasibility, Investment Controls, Alshwaiyat.