Islamic banking in South Africa – form over substance?

  title={Islamic banking in South Africa – form over substance?},
  author={Faatima Kholvadia},
  journal={Meditari Accountancy Research},
The purpose of this study is to understand the economic substance of Islamic banking transactions in South Africa and to analyse whether the economic substance is closely related to the legal form. Additionally, this study highlights the similarities and differences in the execution of Islamic banking transactions across different South African banks. The transactions analysed are deposit products of qard and Mudarabah and financing products of Murabaha, Ijarah and diminishing Musharaka.,The… 

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