Islamic Contract Law

Ilias Bantekas is Professor of Transnational Law at Hamad bin Khalifa University College of Law and Adjunct Professor at Georgetown University, Edmund A Walsh School of Foreign Service. He has advised international organisations, such as the UN, UNDP, EU, Council of Europe and in 2011 was nominated by UNDP to co-draft the constitution of South Sudan. He regularly acts as arbitrator in international commercial disputes.Jonathan G. Ercanbrack is a senior lecturer in transnational financial law at SOAS University of London where he has written widely about Islamic financial law, transnational financial law, Islamic contract law, and Islamic law's interface with technology. Dr Ercanbrack is the chair of the Centre for Islamic and Middle Eastern law (CIMEL) at SOAS and hosts the annual SOAS-QFC Islamic Finance Public Lecture and Workshop which gathers legal, financial, regulatory, and sharia related luminaries for wide ranging industry centred conversations.Umar A. Oseni is the Chief Executive Officer of the International Islamic Liquidity Management Corporation (IILM), a multilateral financial institution headquartered in Kuala Lumpur, Malaysia. Previously he was Associate Professor of Law and Regulation of Islamic Finance at the International Islamic University Malaysia (IIUM). He was also a visiting fellow at the Islamic Legal Studies Program of the Harvard Law School, Harvard University. He has completed strategic consultancy works for some United Nations agencies, COMCEC of the Organization of Islamic Cooperation (OIC), Islamic Development Bank (IDB) Group and other government and government-linked agencies.Ikram Ullah is an Assistant Professor of international arbitration at the International Islamic University, Islamabad. He has acted as arbitrator and counsel in several domestic and international arbitrations and regularly consults on Islamic law, including contracts. He has taught international arbitration, contracts, commercial and financial law at various universities in Pakistan and London.

The work is suitable for advanced students of cross-border contract law aswell as applied SharīÊ¿ah. This work is useful for demonstrating the contemporary intersections of SharīÊ¿ah and present-day laws. Case discussions and commentaries on how SharīÊ¿ah are particularly helpful for research into contemporary Islamic finance.

• 1: General Principles and Sources of Islamic Contract Law: A General Theory? 2: Offer and Acceptance 3: Legal Capacity (Ahliya) 4: The Role of Intent (Niyya) 5: Mahal Al Aqd 6: The Main Prohibited Elements in Contract 7: Invalid Contracts 8: Contractual Terms: The Rights of Option (Khiyarat) and Conditions (Shurut) 9: Bilateral Contracts 10: Equity-Based Partnership Contracts 11: Ancillary Contracts 12: Unilateral Contracts 13: Contracts and Third Parties 14: Performance, Termination and Rescission of Contracts 15: Damages and Other Remedies 16: The Application of Islamic Contract Law in Muslim Majority Jurisdictions