Outside of the common law and civil law legal traditions, what is termed “Islamic law” forms one of the world's largest legal systems. There are more than one billion Muslims world-wide, and millions of those Muslims populate some of the world's richest trading zones. As of 2005, the Gulf Cooperation Council (G.C.C.), comprised of Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates, was the United States' fifth largest trading partner.

In this world of misinformation and predatory ideologies, a basic economic connection may be the difference between the success and failure of American foreign policy in the Middle East. In times of conflict, establishing the commonality of shared financial values can be the best way to build trust. It is remarkable then that the world's largest and most advanced economy has failed to develop the simple financial mechanisms—using Islamic finance and Sharī'ah boards—to connect with Muslims across the globe. Even if the United States’ central focus remains combating terrorism, it is clear that the more financial information the United States can gather, the better equipped it will be to fight the war on terror. Along with the enhanced information capital made possible through Islamic finance and Sharī'ah boards are significant reputational advantages that the United States would not otherwise have. For instance, an Islamic-American humanitarian institution could be certified by multiple clerics in Iraq, thus offering new momentum to the organization's humanitarian mission by preventing numerous belligerent attacks that terrorists might subject upon a purely American institution that lacks the legitimacy conferred through such Islamic ties.

Currently, The United States' continuing domestic failure to develop a compatible framework for Islamic finance verges on negligence. This failure is strongly contrary to broader American commercial interests. Consider that economists estimate the outflow of Sharī'ah capital from Gulf countries to be approximately $1 trillion, growing at 20% per annum. Additionally, Gulf countries are currently set to spend upwards of $10 trillion on new infrastructure over the next decade using Sharī'ah compliant financing vehicles. The world currently has roughly two billion Muslims, many of which will one day demand, or at least prefer, Sharī'ah compliant financial products. If the United States does not develop the administrative and legal framework to serve this market, other foreign financial institutions surely will. In fact, economists currently value the Islamic finance industry in the United Kingdom at $12 billion. In stark contrast, in the United States this same market comprises a mere $150 million in assets. This article will examine the necessary mechanics of establishing an Islamic-American corporation in Delaware for the purposes of conducting transactions with the Middle East, and analyze in detail the essential Islamic financial governance structure-the Shari'ah board.

On the eve of independence from European colonialism, Egypt, like most other developing countries, undertook the project of de-linking itself from colonial economy through initiating domestic industrialization. The economic project known as Import Substitution Industrialization (ISI) was designed to liberate Egypt from raw commodity production, agricultural and mineral, servicing its previous colonial master Great Britain. The engine of development would be an expanding public sector with nationalization and socialism as leitmotif. In re-orienting the economy towards industrial production, it was hoped that the terms of trade with the international economy for Egypt would significantly improve, leading thereby to an improvement in the living standards of its population.

This paper will outline some of the behavioral economic issues found within marriage and divorce law. Using the modern American Marriage and Divorce System (AMDS) as a starting point, this paper will discuss how the Islamic Marriage and Divorce System (IMDS) can be seen as responding to and addressing a number of these behavioral economic issues within marriage and divorce law. However, before either system can be discussed in detail, some of the basic concepts and terms found within the IMDS need to first be explained.

With its improving stability and approaching independence, Iraq must decide a centuries-old question: which is more important, liberty or security? This Article addresses this question in the realm of Iraq's freedoms of the press.

This annotated pathfinder is designed to serve as a guide for those who wish to learn about the legal and social situation of Muslim women in the region of the Middle East, but who do not have a great amount of advanced knowledge concerning the topic. It is meant to serve as an organized starting point from which to begin further research, and to provide a context for the current status of Muslim women's rights in the Middle East. A wide variety of types of materials are included, from books to reports to treaties.