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40 Cornell Int'l L.J. 89 (2007)
Muhammad's Social Justice or Muslim Cant: Langdellianism and the Failures of Islamic Finance

handle is hein.journals/cintl40 and id is 95 raw text is: Muhammad's Social Justice or Muslim Cant?: Langdellianism and the Failures of Islamic Finance Haider Ala Hamoudit Introduction ..................................................... 90 I. The Rise and Fall of Langdellian Legal Orthodoxy ........ 98 A. Langdellian Methodology and Attendant Implications .. 98 B. The Failures of Langdellianism in the Modern Era ..... 99 II. Langdellian Modalities in the Islamic Experience ......... 100 A. Historical Qualification ............................... 100 B. Shafi'i and the Formalist Modalities in the Methodology of Hadith Reporting ................................... 103 C. Shafi'i's Reductionist Interpretive Controls in the Emerging Formalist Modality .......................... 105 D. Anti-formalism and the Langdellian Modality .......... 108 1. Istihsan ........................................... 108 2. Istislah ............................................ 109 E. Demonstrations of Langdellianism: The Problems of Riba and Gharar in the Formalist Modalities ........... 109 1. Contours of the Riba Proscription ................... 111 2. G harar ............................................ 114 III. The Failures of Islamic Commercial Jurisprudence-The Consequences of Langdellianism ......................... 116 A. Original Conceptions ................................. 116 B. Alternative Approaches Within the Langdellian M odalities ............................................ 118 1. M urabaha ......................................... 119 2. Ijara .............................................. 120 3. Istisna'/Salam ..................................... 121 4. A Problem of Insurance ............................ 122 C. Langdellianism and Islamic Finance ................... 124 IV. Alternative Approaches ................................... 125 A. Qur'anic M axim s ...................................... 126 B. The Roles of Hadith, Istihsan, and Istislah: An Examination of Sanhuri and Sadr ..................... 127 1. Sanhuri's Definitional Approach .................... 128 t Associate in Law, Columbia Law School. The author would like to thank Abdullahi An-Na'in, Mark Cammack, Michael Dorf, Bernard Freamon, George Fletcher, Hoi Kong and Clark Lombardi for their comments and substantial support. Any errors are solely the author's responsibility. 40 CORNELL INT'L LJ. 89 (2007)

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