The Sharia’h Dimension of the Persian Gulf's Hydrocarbon Resources
International Energy Law Review, Vol. 2, pp. 61-68, 2012
13 Pages Posted: 2 Feb 2012 Last revised: 26 May 2014
Date Written: February 1, 2012
Islamic law incorporates general principles governing the economic behaviour of the Islamic society and specific instruments regulating classic commercial transactions. Adherence to Islam is the common characteristic of Persian Gulf oil and gas producers and their legal regimes to different extents reflect this common characteristic. This paper addresses the Islamic law of natural resources and the legal frameworks of Islamic finance methods used in upstream projects.
Keywords: Oil and Gas Law, Islamic Law, Islamic Finance, Law of Natural Resources
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