Omani experience is considered the latest in the Arab world in the field of Islamic banks. the Omani legislator allowed this kind of banking activityin2012. This paper deals with an analytical study of the role of the Central Bank of Oman in support of Islamic banks through funding in accordance…
Sultanate of Oman has shown an increased willingness to attract foreign investment by updating its legal environment. In particular, Omani courts have recognized that public entities can validly enter arbitration agreements with private entities. In doing so, any disputes arising out of a contract underlying the arbitration agreement will be…
What is Sharia Law? Difference between Sharia and Sharia Law. Islamic Sects and Schools of Jurisprudence. The role of Sharia in GCC States . GCC Flexible Interpretation.
This chapter represents an attempt to explore the CISG precepts and their relevance for IESG in the Arab world, having regard for general principles of law, civil codes and Arab laws on electronic transactions (ALET). Recent developments in e-commerce, such as international electronic contracts for the sale of goods(IESG) being…
In 2004 the responsibilities of the insurance sector was transferred from the Ministry of Commerce and Industry to the Capital Market Authority (CMA) in order to develop and restructure the legislative and regulatory nature of this sector. CMA has exercised its role based on the provisions of the Insurance Law…
This article analyzes the relationship between business and human rights. It declares sources and contents of the obligation of respecting human rights imposed on business enterprises by initiatives of international organizations, mainly, the framework drafted by the special representative of UN secretary general on the issue of human rights and…
Good drafting makes for good contracts and good business relationships. Yet these principles are often forgotten when it comes to drafting dispute resolution clauses. They are often an afterthought and an inopportune one at that, as once the rest of the contract has been agreed, the parties prefer celebration to…