Electronic Journal of Islamic and Middle Eastern Law

The University of Zurich’s Center for Islamic and Middle Eastern Legal Studies has announced the launch of an open access, peer-reviewed  journal titled “Electronic Journal of Islamic and Middle Eastern Law”

Electronic Journal of Islamic and Middle Eastern Law (EJIMEL)

From the journal’s Mission Statement

The Electronic Journal of Islamic and Middle Eastern Law (EJIMEL) is a publication by the Center for Islamic and Middle Eastern Legal Studies (CIMELS) at the Faculty of Law, University of Zurich, Switzerland, founded in summer 2012. EJIMEL strives to contribute to the understanding of the large geographical area composing the Middle East guided by the awareness that this region has obtained a key position on the world stage over the last decades and keeps evolving fast. Covering a region which is rich in diversity and heritage, EJIMEL individuates itself by laying a special focus on the multifaceted relations between Islam and national and international law orders over the course of time and from different points of view. Furthermore, EJIMEL aims to contribute to the on-going highly topical debates of regional and global interest in the field of Islamic and Middle Eastern Law, such as, e.g., Democratization, Gender and Human Rights, and to highlight interdependencies of Middle Eastern law orders with other jurisdictions worldwide. The editors aim is to foster a vivid debate focusing on the correlation between Islam as a religion with a distinct body of legal norms and the paramount principles and guarantees of current international law, as well as to inquire into key phenomena in Middle Eastern law orders such as, e.g., “Re-Islamisation”, which have influenced both codifications and scholarly discourse in a significant way.

From the journal’s Open Access Philosophy

In line with this objective, EJIMEL follows the Open Access standard and published articles are freely available online and for download. Whereas authors retain the copyright, they grant EJIMEL the right of publication and archiving with the work simultaneously licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.

FT Supplement: Future of Islamic Finance

Tuesday’s Financial Times includes a seven page special report on Islamic finance involving various parts o f the globe, not  just the Middle East.

The Future of Islamic Finance

Financial Times

Tuesday, Dec. 14, 2010


Table of Contents

Growth Survives the Storms: safe investments and sizeable potential markets continue to buoy the sector.

North Africa: A Region Abounding with Potential. Egypt leads among nations seen as ripe for expansion.

Malaysia Seeks End to Slide in Issuance: tax breaks and other initiatives are aimed at bolstering the sector’s leading market.

UAE: Shadow  of $26bn Upset Strats to Fade: borrowers are back after Dubai World’s successful restructuring.

Investment Banks: Nascent Sector looks for New Model: crisis-savaged organizatiosn need to diversify.

Europe: London and Paris Battle for Business: The City looks unlikely to be ousted from its position of strength.

US: Presence and Role of Market Remain marginal. Activity has been subdued since the Nakheel crisis.





Glossary of Islamic Financial Terms

Yasaar, a consulting company of Shari’a compliance scholars, maintains an online glossary of Islamic financial terms. Brief definitions in English are provided, although the Arabic spellings of the terms are missing. The Yasaar site also has publications and PowerPoint presentations related to Islamic Finance on their Web site.

Glossary of Islamic Financial Terms


Future of Islamic Finance

Teh Financial Times has posted a special report on the Future of Islamic Banking:


Pdf of the December 8, 2009 print supplement available at:


Islamic Finance Report from the Financial Times

The Financial Times has posted its May 5th special report on Islamic finance. The article on Sharia boards lists the leading scholars on the Sharia boards from Bahrain, Pakistan, Saudi Arabia, and UAE. Registration may be required.

Articles available in the report:
Credit crunch may test industry beliefs
The industry has held up well so far in the crisis but is unlikely to remain insulated, reports Robin Wigglesworth

Regulation: Further development needs a common rule-book
More standardised products would let the industry go global, writes Simeon Kerr

Islamic Banks: Real estate exposure may be largest threat
And in theory depositors must share any losses, notes Robin Wigglesworth

Sukuk market: Credit freeze victim shows signs of a thaw
An increase in conventional bond deals could help restart transactions, reports David Oakley

Innovation: Downturn temporarily blunts inventiveness
Scholars are taking stock of products, reports Robin Wigglesworth

Asia: Malaysia aims to be hub for its region
However, it is facing increasing local competition, writes Andrew Wood

Sharia boards: Scholars hold sway over the success of products
A small coterie wields power, explains Robin Wigglesworth

Western markets: France and the US vie for the UK’s crown
Shyamantha Asokan says London’s lead in the race to win clients is shrinking

Guest column: New world or false dawn?
Islamic finance faces challenges centred around the increased needs for standardisation and innovation in the industry, writes Mukhtar Hussain