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. This historical continuity is explained here as resilience to refer to a political system which exhibits capacity to absorb shocks, maintain its basic pillars and even to improve its functions in times of crisis. This article will unpack the mechanisms of learning and adaptation which reinforce the

In: Middle East Law and Governance
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.

specific jurisprudential adaptation for that transaction. Moreover, credit card transactions, along with the resulting relations and obligations, are considered to be a new type of contract in Islamic jurisprudence. A credit card transaction does not fall under any of the known categories for financial

In: Arab Law Quarterly

. Examples of this include placing the contract in the framework of a legislative act, granting the contract a supremacy on any contrary legislation, stabilization clause, adaptation of the contract through renegotiation, arbitration clause, etc. Keywords Egypt; oil and gas concessions; legislative act

In: Arab Law Quarterly

through Learning and Adaptation: Lebanon’s Power-Sharing System and the Syrian Refugee Crisis  65 Carmen Geha Volume 11, No. 2 Articles Introduction to Special Issue: Critical Interventions on the Spaces and Practices of State Power 91 Laryssa Chomiak and Jillian Schwedler Claiming Bits and

In: Middle East Law and Governance

technological environment, new possibilities regarding delivery and ac- cess to information will require adaptation of the Ministry's systems and services. Public Perceptions Closer scrutiny of the courts by the media, the international community and the Palestinian public, coupled with changing community views

In: Yearbook of Islamic and Middle Eastern Law Online

arbitration under the auspices of the Centre are the UNCITRAL Arbitration Rules of 1976 with certain modifications and adaptations. Unlike other institutional arbitrations the rules of the Centre allow a great deal of flexibility in the conduct of proceedings of the arbitration. It leaves wide discretion to

In: Arab Law Quarterly

phase. The duration is mainly subject to the liberality and transparency of the existing economic system of the applying state and to the seriousness of the adaptation. 2 U N I T E D A R A B E M I R A T E S The United Arab Emirates (UAE) joined GATT in 1994. The UAE then became a WTO member on 10 April

In: Arab Law Quarterly

. 35 conditions. The term "the Westernisation of law" will be used in this article and others to refer to the former approach. The latter will be referred to as "the adaptation of Shari`a". The impact of Western civilisation on the Muslim people's concept of state and authority is evidence even today

In: Arab Law Quarterly

jurisdiction. Chapter 5 sets out the sources of law that the British Courts were called upon by the British Crown's Orders-in-Council to apply in the settlement of cases that came up before them. It would seem that considerable latitude was given to the British Political Agency in the adaptations of English

In: Yearbook of Islamic and Middle Eastern Law Online