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This book provides an analysis of how commercial and banking disputes can be settled under the Islamic regime for arbitration.
The work focuses on the Saudi legal system as representative of Shari'a law in commercial and banking arbitration. Where relevant, comparisons are also made with the settlement of banking disputes in Egypt and the UAE. The volume provides a general introduction to the Saudi law and to the main principles and sources of Islamic Shari'a, on which Saudi law is based.
The book explores uncertainties resulting from the current system, such as the payment of interest, and examines possible alternative remedies for both domestic and international banking mediation.