Islamic finance potential implications for dispute resolution
Language: English Series: Arbitration ; 75(3) August 2009, 296-308(13)Publication details: 2009Subject(s): Summary: Islamic finance is financial intermediation carried out in a manner that is firmly rooted in the Islamic principles articulated in the Sharia. Although Islamic modes of financing have existed throughout the early history of Islam, the Islamic finance industry only became resurgent in the late 20th century. Suggests that the role of Islamic law may be diminished according to the forum selected during the dispute resolution process. Asks whether international commercial arbitration has a role in Islamic finance? The potential lack of Sharia compliance will probably not result in all participants in the Islamic finance chain opting out of English courts as the dispute resolution forum.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journals | L149135 (Browse shelf(Opens below)) | 1 | Available | 149135-1001 |
Islamic finance is financial intermediation carried out in a manner that is firmly rooted in the Islamic principles articulated in the Sharia. Although Islamic modes of financing have existed throughout the early history of Islam, the Islamic finance industry only became resurgent in the late 20th century. Suggests that the role of Islamic law may be diminished according to the forum selected during the dispute resolution process. Asks whether international commercial arbitration has a role in Islamic finance? The potential lack of Sharia compliance will probably not result in all participants in the Islamic finance chain opting out of English courts as the dispute resolution forum.