What is the difference between law and regulation andwhat

Question

• What is the difference between law and regulation?

• What is the legal definition of money in terms of property? (What about electronic money?)

• Which laws affect the activities that financial institutions can undertake?

• Should laws govern morality and ethics?

• Can regulations be used to induce ethical behavior?

• Is Islamic society defined only by Islamic law or it is more than that?

• Is there any difference between a conventional contract from Islamic contract?

• What are the legal and accounting implications of transfer of property and possession during contemporary times?

• Can the principle of permissibility be applied to adopting contemporary Western commercial laws?

• Are the traditional nominate contracts sufficient to satisfy contemporary financial needs or there is a need to re-define fundamental concepts in Islamic contract law?

• Is the legal culture for Islamic law different from the Western legal culture?

- What are the implications of adopting a legal system with a different legal culture?

• Is having an Islamic banking law a necessary condition for the growth of Islamic finance?

- Is it different for a common law and civil law country?

• Can Islamic banking law be considered Islamic commercial law (Fiqh Al-muamulat, i.e. or Islamic jurisprudence of transactions)?

• What issues can arise in application of Islamic finance in any Middle Eastern country's jurisdictions?

Answer 1

Answer the following questions in a comprehensive manner in a word document file in accordance to APA rule. Q1. Find the difference between law and regulation? Q2. Find out the legal definition of money in terms of property? (What concerning electronic money?) Q3. Name the laws which influence the activities that financial institutions can take on? Q4. Must laws govern morality and ethics? Q5. Can regulations be employed to induce the ethical behavior? Q6. Is Islamic society stated only via Islamic law or it is more than that? Q7. Is there any difference between the conventional contracts from Islamic contract? Q8. Write the legal and accounting inferences of transfer of property and possession throughout contemporary times? Q9. Can principle of permissibility be applied to the adopting contemporary Western commercial laws? Q10. Are traditional nominate contracts ample to satisfy contemporary financial requirements or there is a necessity to re-define concepts in Islamic law?

Answer 2

These following questions are based on the dissimilarity between law and regulation • What is the dissimilarity between law and regulation? • What is the legal definition of money in terms of property? (What about electronic money?) • Which laws influence the activities that financial institutions can undertake? • Must laws govern morality and ethics? • Can regulations be utilized to induce ethical behavior? • Is Islamic society described only via Islamic law or it is more than that? • Is there any dissimilarity between conventional bonds from Islamic contract? • What are the legal and accounting implications of transport of property and possession during contemporary times?