System of trade (commercial) contracts in muslim countries: main models
https://doi.org/10.17803/2311-5998.2025.131.7.178-186
Abstract
The article examines the main models of legal regulation of trade (commercial) contracts in modern Muslim countries. Based on comparative legal analysis, two dominant models have been identified: quasi Western and fundamentalist, differing in the legal significance of Sharia, the degree of secularization of trade legislation, and approaches to structuring the system of trade contracts. Within the quasi Western model (using UAE as an example), there is a differentiation of the legal regime of trade contracts into secular and Islamic, while the fundamentalist model (characteristic, for example, of Saudi Arabia) is characterized by the direct application of Sharia and a unified religious-legal regime for trade contracts. It has been revealed that a common trend for both models is the codification of trade legislation, albeit with different goals: in countries with a quasiWestern model, codification aims at secularizing trade regulation with the allocation of a special religiouslegal regime, while in countries with a fundamentalist model, it focuses on systematizing the religious-legal regulation of trade activities.
About the Author
A. V. Guteneva
PJSC Promsvyazbank
Россия
Россия
Alisa V. Guteneva, Chief Specialist of the Department for Organizational and Protocol Activities
9, ul. Sadovaya-Kudrinskaya, Moscow, 125993
References
1. Сюкияйнен Л. Р. Ислам и конституции арабских стран // Право. Журнал Высшей школы экономики. — 2022. — Т. 15. — № 4. — С. 4—23.
2. Ahmed D., Gouda M. Measuring Constitutional Islamization: The Islamic Constitutions Index // Hastings International and Comparative Law Review. — 2015. — Vol. 38. — Is. 1. — P. 1—74.
3. Al-Gahtani S. Las transacciones internacionales de comercio e inversiones en los países del Golfo: entre la Sharia y la Lex mercatoria : tesis doctoral. — Madrid, 2015. — 528 p.
4. Bedir M. Fikh to Law: Secularization through Curriculum // Islamic Law and Society. — 2004. — № 11. — P. 379—380.
5. Brown N. J. Constitutions in a nonconstitutional world. Arab basic laws and the prospects for accountable government. — New York : Suny Press, 2002. — 260 p.
6. Deng T., AL-Hanhanah A. Assessing the Impact of Yemen Legal System on Economic Agreements and Foreign Investments // International Journal of Economics, Commerce and Management. — 2017. — Vol. 5. — Is. 12. — P. 416—426.
7. Ercanbrack J. The Transformation of Islamic Law in Global Financial Markets. — Cambridge University Press, 2015. — 397 p.
8. Hallaq W. «Muslim Rage» and Islamic Law // Hastings Law Journal. — 2003. — № 54. — P. 1705—1719.
9. Islamic Contract Law / ed. by I. Bantekas, J. G. Ercanbrack, U. A. Oseni, I. Ullah. — Oxford : Oxford University Press, 2024. — 436 p.
10. Mallat C. Commercial Law in the Middle East: Between Classical Transactions and Modern Business // American Journal of Comparative Law. — 2000. — № 48. — P. 81—141.
11. Nurmohamed R. Shari’a Law and Its Impact on the Development of Muslim and Non-Muslim Business Relations in the United Arab Emirates // Law and Development Review. — 2020. — Vol. 13. — № 2. — P. 443—472.
12. The Oxford Handbook of Islamic Law / ed. by M. Anver and A. Rumee. — Oxford, 2018. — 1002 p.
13. Shah S., Rashid A. Governing Principals of Shari’ah: A Study of Islamic Business Transactions for Contemporary Practices // Al-Azhāar. Special Edition. — 2015. — № 1 (2). — P. 158—170.
Review
For citations:
Guteneva A.V. System of trade (commercial) contracts in muslim countries: main models. Courier of Kutafin Moscow State Law University (MSAL)). 2025;(7):178-186. (In Russ.) https://doi.org/10.17803/2311-5998.2025.131.7.178-186
Views:
122
JATS XML
Email this article 
