This book is about how Islamic finance is conducted in contemporary times. It is also about change and how change occurs in two areas. The first area is change in a body of law, both generally and specifically with respect to Islamic Shariah in the areas of commerce and finance. The second area is Islamic finance. Change in the Shariah and in Islamic finance are intimately and inextricably related: the Shariah defines and constrains change in Islamic finance. Legal change necessarily involves consideration of the interpretive modalities that are employed in effecting that legal change, and...