Settlement of Islamic Finance Disputes in the United States of America

Dispute Resolution in Islamic Finance, edited by Adnan Trakic, John Benson, and Pervaiz K Ahmed (Forthcoming)

Posted: 7 Feb 2018 Last revised: 28 Mar 2018

Julio C. Colón

Independent

Date Written: January 18, 2018

Abstract

Chapter discusses dispute resolution in Islamic finance in the United States of America ("U.S."). Initially, I describe the legal framework applicable to Islamic finance in the U.S., which is encompassed by the country's banking and investment laws, the regulations and authority of administrative agencies, and state and federal court jurisprudence. In the second part, I explain the various approaches of U.S. courts when dealing with Islamic finance in particular, or related topics; such as the religious issue, similarities with conventional debt-based financial products, contractual interpretation, and other policy concerns specific to litigation of Islamic finance disputes in the U.S. The final section briefly describes the system of arbitration in the U.S. as it may concern Islamic finance.

Keywords: Islamic finance, arbitration, choice of law

Suggested Citation

Colón, Julio C., Settlement of Islamic Finance Disputes in the United States of America (January 18, 2018). Dispute Resolution in Islamic Finance, edited by Adnan Trakic, John Benson, and Pervaiz K Ahmed (Forthcoming). Available at SSRN: https://ssrn.com/abstract=3105097

Julio C. Colón (Contact Author)

Independent ( email )

No Address Available

Register to save articles to
your library

Register

Paper statistics

Abstract Views
84
PlumX