TY  - JOUR
AB  - Purpose This paper aims to analyse the concept of form over substance and introduces the term substance gap to the literature. The substance gap is defined as the difference between the way a concept is expressed and its intended result. Besides, the study investigates the issue from both classical and contemporary viewpoints.Design/methodology/approach The methodology adopted in this paper is descriptive research.Findings This paper has depicted the substance gap in contemporary contracts and found that form is equally important as substance in Islamic finance contracts. This paper offers a fresh outlook on form and substance to highlight the importance of the issue and its significance. The findings of the study will help researchers address the issue at its roots and help them to bridge the gap between the form and substance of Islamic finance contracts.Originality/value This paper investigates the substance gap in contemporary contracts that exists between the fiqh rules and conditions of an Islamic contract, and their development and construction. Further, the gap could also be attributed to the pressure to cope with a complicated modern finance environment.
VL  - 11
IS  - 1
SN  - 0128-1976
DO  - 10.1108/IJIF-01-2018-0006
UR  - https://doi.org/10.1108/IJIF-01-2018-0006
AU  - Hamour Mohamed
AU  - Shakil Mohammad Hassan
AU  - Akinlaso Ishaq Mustapha
AU  - Tasnia Mashiyat
PY  - 2019
Y1  - 2019/01/01
TI  - Contemporary issues of form and substance: an Islamic law perspective
T2  - ISRA International Journal of Islamic Finance
PB  - Emerald Publishing Limited
SP  - 124
EP  - 136
Y2  - 2024/05/10
ER  -