A Murābaha Transaction in An English Court - The London High Court of 13th February 2002 in Islamic Investment Company of the Gulf (Bahamas) Ltd. V. Symphony Gems N.V. & Ors.

in Islamic Law and Society
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Abstract

Islamic finance is based on the application of Sharī'a rules to modern financing transactions. The Islamic finance industry has grown considerably over the last two decades and Islamic financing transactions today often have a global reach. As a consequence, traditional Islamic contractual structures are reformulated in the language of international commercial agreements and Sharī'a a based transactions are adjudicated in non-Islamic jurisdictions. In examining a recent case of the London High Court dealing with an Islamic murābaha agreement this essay investigates the complex interaction between and among Islamic contractual structures, English style contractual drafting and principles of international commercial law.

A Murābaha Transaction in An English Court - The London High Court of 13th February 2002 in Islamic Investment Company of the Gulf (Bahamas) Ltd. V. Symphony Gems N.V. & Ors.

in Islamic Law and Society

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