The status of Islamic law in the modern commercial world

Muslim countries have begun to take a renewed interest in their own religion. Many have decided to apply Islamic Law to their governments. The major differences in Islamic Law and Western Law and how these would affect commercial transactions are explored. For example, courts could view legal issues from commercial transactions in a different way from the West. Islamic law is generally more restrictive in terms of freedom of contract than the West. Therefore, the extent to which this restrictions are applied by courts to commercial transactions must be discussed.