COVID-19 and Islamic Law Roundup

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Indian government charges Tableeghi Jamaat leader with culpable homicide for surge in coronavirus cases. Saudi Arabia considers cancelling Hajj pilgrimage, for the first time since it became a nation, as … Continue reading COVID-19 and Islamic Law Roundup

Commentary :: The Dubai International Financial Centre and a Systems-Based Model for the Regulation of Islamic Finance

UAE editor Paul Lee explains how the Dubai International Financial Centre's systems-based model is one solution for creating a sharīʿa-compliant financial system. The Dubai International Financial Centre (“DIFC”) is a parallel … Continue reading Commentary :: The Dubai International Financial Centre and a Systems-Based Model for the Regulation of Islamic Finance

Building an Islamic Bankruptcy Regime from Financial Dispute Resolution Caselaw

By Esther Agbaje  Developing an Islamic bankruptcy code is important, especially as Islamic finance systems continue to exist and to grow. In Islamic finance, the ideal is that Islamic financial … Continue reading Building an Islamic Bankruptcy Regime from Financial Dispute Resolution Caselaw

Bankruptcy Laws in the UAE and Malaysia Lack Islamic Principles

By Esther Agbaje  Bankruptcy is a potential outcome most people do not like to discuss. This may be why Islamic finance regulators give limited attention to dissolving, discharging, or repaying … Continue reading Bankruptcy Laws in the UAE and Malaysia Lack Islamic Principles