Islamic finance litigation? Disputes arising out of Sharia compliant agreements were unheard of in the early days of Islamic finance. Banking transactions, by their very nature, are discrete, and as long as Islamic finance was confined to a small community, there was no need to enforce contractual arrangements in court.
The growth of Islamic finance, however, and the globalization of the Islamic finance industry, has transformed the industry from a community based endeavour into a global business. In the global market, lenders default and banks sue and enforce………………………………………..Full Article: Source