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Islamic financial institutions gaining more importance

Posted on 09 November 2011

In some nations that have either a Muslim majority or have a significant Muslim population, Shariah law may not only serve as the basis for the personal conduct of the business owner, but may also have some role in settling legal disputes. While this is more common in traditionally Muslim states, the trend is also developing in other nations.
For example, the United Kingdom is home to the Muslim Arbitration Tribunal, which serves as a means of settling disputes among the faithful, effectively preventing the need to go through the courts………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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