Islamic Law and International Commercial Arbitration Islamic Law in Context Series

This book examines the intersection between contemporary International Commercial Arbitration and Shari?a law in order to determine possible tensions that may arise between the two systems. It develops evidentiary and procedural rules under Shari?a, as well as examining the consequences of stipulating qualifications of arbitrators based on gender and/or religion. The author extensively analyses the prohibition against interest (riba) and uncertainty (gharar) under Shari?a and its impact on arbitration agreements, arbitral awards and public policy. The book also explores the prohibition against riba in light of international conventions, such as the United Nations Convention on Contracts for the International Sale of Goods. Case studies in the book include the Asian International Arbitration Centre, formerly the Kuala Lumpur Regional Centre for Arbitration, and the International Islamic Centre for Reconciliation and Arbitration, as well as the ?Shari?a Standards? developed by the Accounting and Auditing Organization for Islamic Financial Institutions.

The book will be a valuable resource for academics, students and practitioners working in the areas of Islamic law and the Islamic finance industry.

1: Introduction; 2: The Theoretical and Practical Framework for Shariʿa Arbitration; 3: Conflict of Laws and Shariʿa as Choice of Law; 4: Composition of the Arbitral Tribunal; 5: Evidence and Procedure in Shariʿa Arbitration; 6: The Impact of Gharar and Riba on Arbitrability and Arbitration Agreements; 7: Interest on Arbitral Awards and the Prohibition against Riba; 8: Shariʿa Public Policy and the Recognition and Enforcement of Arbitral Awards; 9: Reform Proposals, Further Research and Conclusion;

Maria Bhatti is a lawyer and academic in Australia. She is currently teaching at University of Technology of Sydney Law School and was previously teaching at Monash Law School. She completed her PhD from Monash Law School, and her Bachelor of Laws and Masters of Law from the University of Melbourne.