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Edited by Mohammed Alem

This useful volume provides business persons and their counsel with English texts, arranged by category, of the most significant laws relating to business, trade, and investment in Lebanon, including legislation and regulation affecting all of the following area's: jurisdiction; contracts of commercial representation; types of business formation; contracts of business management; investment and guaranty; banking regulation and bank secrecy; real property rights; recognition of foreign judgments; trademarks and patents; taxation; and labour and eployment. A detailed introduction provides details of the judicial system, governmental structure, sources of law, and other essential background information.

Sharecropping in the Yemen

A Study in Islamic Theory, Custom and Pragmatism

William Donaldson

This book discusses sharecropping in the Yemen against the background of Islamic law and customary law. Sharecropping is particularly interesting in Islam since its basis (rent as a proportion of an unknown future harvest) is ostensibly inconsistent with the Islamic prohibition against transactions involving gharar (risk or uncertainty). The first half of the book analyses how Islamic theory views sharecropping and is based on a detailed analysis of key legal texts, while the second half focuses on sharecropping as it exists in practice in the Yemen. Textual sources (Islamic legal texts, contracts, pleas and fatwās are related throughout to Yemeni sharecropping in practice, a task not previously attempted, and the work has been written so as to be accessible both to social scientists and to Islamic legal specialists.

Tala Abu-Ghazaleh

This first-time-ever compilation on the protection and enforcement of intellectual property rights reveals that the Arab countries of the Middle East and North Africa meet international standards in the legal protection of copyrights, patents, trademarks, and integrated circuit design. For each of seventeen Arab countries (plus Palestine and the Gulf Cooperation Council), Intellectual Property Laws of the Arab Countries gives transnational businesses and their counsel complete details in such areas of practice as the following: eligibility for protection; registration and renewal procedures; dispute resolution; succesion of rights; enforcement of penalties for infringement; and administrative and judicial remedies.

Islamic Law and Finance

Religion, Risk, and Return

Frank Vogel and Samuel Hayes

Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries. A growing number of institutions and mutual funds (akin to Western ''socially responsible'' funds) have established Islamic investment and other practices to cater to this burgeoning market. Because of its prevalence, practitioners in every banking-related area must familiarize themselves with current Islamic finance practices in order to do business with Muslim clients and to engage in cross-border financing. Injunctions from the Qur'an and the sayings of Prophet Muhammed have generated a web of interrelated norms which prohibit Islamic financiers from engaging in transactions that involve interest (riba) and speculation (gharar). Islamic Law and Finance describes the dynamic set of Islamically-sanctioned ways financiers can transacat business.

The Law of Business Contracts in the Arab Middle East

A theoretical and practical comparative analysis (with particular reference to modern legislation)

Nayla Comair-Obeid

This book is a basic treatise for those practising and arbitrating in the legal and commercial aspects of business in Middle East Countries. It examines the influence of traditional Islamic law on modern legislation as it affects trade, contracting, banking and financial operations.
This book is highly topical and serves the needs of academics, of legal practitioners and of contractors.

Nicholas Dylan Ray

Over the last several decades the Islamic religious movement has steadily gained importance in the Muslim world, manifesting the desire to modify existing institutions so that they conform to the values of traditional Islamic culture. This new book examines the application of such values to modern finance: Islamic banking. It also attempts to address the surprising lack of familiarity with Islamic banking among Western bankers and lawyers. The Author provides a thorough overview of Islamic banking, its devlopmenty, participants, structure, and aims, goes on to study the Islamic legal contracts undelying it, and finally, by way of a cae study of the Faisal Islamic Bank of Egypt, assesses the financial viability of Islamic banks. He asserts that Arab Islamic banking is a financial system fundamentally different from the system currently dominant throughout the world, and further, is a viable financial phenomenon. The establishment of Islamic banking, which can be seen as a bold new development model for the Muslim world, has necessitated immense intellectual and financial commitments, as well as an empirical approach emphasizing teh adaptation of both modern finance and medieval Islamic law. The text is supplemeted by translations of selected fatwas, and also includes financial information on a large number of Islamic banks.

Abdulla Maktari and John McHugo

This new book is based on the texts of the laws as published in the Official Gazette of the Republic of Yemen. In preparing this English translation of a selected number of the laws of the newly founded Republic of Yemen, the editors had the international business and academic world in mind. Hence special attention is given to constitutional law and the laws governing taxation, company formation and regulation, the regulation of branches and agencies of foreign companies, investment, social security and arbitration. For all those who are interested in studying legal reform in the Arab Middle East the model of the Republic of Yemen will provide a good example of a legal system striving for a fusion between the traditional and the modern. The following translated laws are included: The Constitution of the Republic of Yemen; Law NO. 22 of 1991 regarding investment; Law No. 31 for the year 1991 regarding income tax; Law No. 34 of 1991 concerning the law of commercial companies; Law No. 22 of 1991 concerning arbitration.

Edited by Hilary Lewis Ruttley and Chibli Mallat

Preface by The Right Honourable The Lord Woolf "[The editors] are to be congratulated on bringing together in a book this significant collection of papers which, together with their introductory overview, provide a 'multi-faceted insight into commercial law and practice in the Middle East'. For those, like myself, who have limited knowledge of the subject, this book will provide an admirable introduction. For those who are already well-informed, there will be found in this book insights as to the development of law and practice in the Middle East which complements their existing knowledge. This book provides an instructive and stimulating contribution to a subject, the importance of which is becoming increasingly appreciated. I congratulate the authors of the papers on their contributions and hope that this book will reach the wide audience it deserves."

Panayiotis Tzamalikos

This book is believed to be the first of its kind written by a renowned Muslim lawyer in the English language, and by an Arab author who is probably the leading authority writing in English in the subject of Islamic law (the Sharia), and modern Islamic legislation.
There has long been a need for an objective study such as this dealing with the legal rights and obligations of women under the Sharia and under modern Arab Islamic legislation. See within the broad principles of Islamic law, the book examines the status of women with regard to marriage, the iddat, parentage and fosterage and custpdy, and fills an important gap left by recent and more general publications on Islamic law.
The author has researched original Arabic and Islamic text books and reviewed legislation in the different Arab countries in order to present the most up-to-date information on the subject.
It is hoped that this clear, objective account will dispel meny of the commonly-held misconceptions about the status of Muslim women in the modern world. This book will provide an enlightenment and deeper understanding of the subject, not only for legal practitioners, but for all those concerned, or with an interest in the subject, particularly Muslim communities in non-Muslim countries, indeed non-Muslim women who may be, or indeed non-Muslim women who may be married to Muslims.

Farhad Malekian