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Arbitration Of Islamic Financial Disputes, Dr. Aida Maita

Annual Survey of International & Comparative Law

Using arbitration as a means of resolving Islamic finance disputes is gaining popularity in the Middle East, as well as in other Muslim States in South-East Asia and Africa. This is evident in the number of studies and articles that have been presented on this subject by Islamic finance experts and the legal community at large. Major arbitration institutions in the region are also positioning themselves to cater to this industry’s growing demand for dispute resolutions because many of these disputes tend to be of high profile and value. While the industry historically has preferred litigation over adjudication, and non-Islamic …