Appeal brings certainty to Islamic financial investments

In what is to date the largest Islamic financial dispute to be litigated in court, Shamil Bank was awarded a $50M judgement against Beximco Pharmaceuticals and Others in the Commercial Court in London. This decision should serve to provide more market opportunities for Islamic financial ventures in the UK. The overall result of this case is that English courts will not provide judgements on the basis of shari`a law, making the English legal system a favorable choice for Islamic investors.