Clash of Jurisdictions: Applicability of Islamic Finance Principles under English Law – STA Law Firm

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA

Sourced through Scoop.it from: www.stalawfirm.com

http://bit.ly/sharia-law-uae

The Sharia-compliant structures of Islamic finance instruments face a serious impediment when it has to be implemented in a non-Islamic legal framework. Most of the countries do not have the legal mechanism to grasp and implement shariah law in financial structures. Moreover, the western courts do not have the necessary expertise or resources in order to interpret and enforce the Islamic finance transactions and documents that are based on principles of Sharia law. Continue Reading.

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