ABSTRACT
The Islamic banking and finance industry gained popularity during the late 1970s in Middle East countries. Following the public acceptance and robust development of the industry, several other players appeared, including Hong Kong, Malaysia, Pakistan, and Sudan. The industry developed quickly, attracting investors who were Muslim and non-Muslim, local and foreign, but disputes and misunderstandings were inevitable. The disputing parties had the option to resort to court litigation or out-of-court settlement.
