During the Muslim conquests in the Indian subcontinent, sharia was established by the Muslim sultanates and empires, most notably Mughal Empire’s Fatawa-e-Alamgiri, compiled by emperor Aurangzeb and varied students of Islam. In India, the Hindu legal custom, along with Islamic law, have been each supplanted by widespread law when India became a half of the British Empire. The eastern Asia authorized tradition displays a novel blend of secular and religious influences.
In the 18th century, Adam Smith introduced a philosophical foundation for explaining the connection between law and economics. The self-discipline arose partly out of a critique of trade unions and U.S. antitrust law. Banking law and financial regulation set minimum requirements on the quantities of capital banks must maintain, and rules about finest practice for funding.
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