By Julio C. Colon, February 8, 2012
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This article examines difficulties arising Islamic finance disputes. Often Sharia compliant contracts draft choice of law provisions combining the law of Sharia and that of a country. When resolving a contract dispute in a court of law, problems arise when Sharia principles purportedly override the law of that country. Those seeking to engage in Sharia-compliant transactions find a preferable venue in an arbitral tribunal specializing in Islamic finance.
