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- Contract_Law_of_Saudi_Arabia abstract "Contract law in Saudi Arabia is governed by the conservative Hanbali school of Sharia Law, which adopts a fundamentalist and literal interpretation of the Quran. Any contract that is not specifically prohibited under Sharia law is legally binding, with no discrimination against foreigners or non-Muslims.The Hanbali school is the most liberal among the four Sunni schools with respect to the freedom of persons to contract. However, the degree of freedom of contract is governed by the prohibitions in the Quran, and two distinctive doctrines in Sharia law: riba (usury) and ghara (speculation).Unlike other Sharia law jurisdictions, Sharia law remains uncodified in Saudi Arabia due to the strong literalist view of the Hanbali school. There is also no established case reporting in the courts. This has led to much uncertainty and variation in court decisions. Despite being the world's 11th easiest economy to do business in, Saudi Arabia ranks 140th out of 183 economies in terms of enforcement of contracts. (see below: Appendix)In 2007, King Abdullah initiated legal reforms to modernise the courts and codify Sharia law in Saudi Arabia. The ulama, the religious body, approved a codification of Sharia law in 2010. (see below: Legal Reform)".
- Contract_Law_of_Saudi_Arabia thumbnail Coat_of_arms_of_Saudi_Arabia.svg?width=300.
- Contract_Law_of_Saudi_Arabia wikiPageExternalLink riba_interest.html.
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- Contract_Law_of_Saudi_Arabia wikiPageExternalLink saudi_sharia_laws_applied_in_us_courts.
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- Contract_Law_of_Saudi_Arabia above "80".
- Contract_Law_of_Saudi_Arabia above "Contract Law of Saudi Arabia".
- Contract_Law_of_Saudi_Arabia abovestyle "border-bottom:1px solid #D4F2CE;" colspan="2"".
- Contract_Law_of_Saudi_Arabia data Quran.
- Contract_Law_of_Saudi_Arabia data Riba.
- Contract_Law_of_Saudi_Arabia data "140".
- Contract_Law_of_Saudi_Arabia data "5.4864E7".
- Contract_Law_of_Saudi_Arabia data "Average Cost: 27.5% of claim,".
- Contract_Law_of_Saudi_Arabia data "Average Number of Procedures: 43".
- Contract_Law_of_Saudi_Arabia data "Enforcing Contracts Ranking:".
- Contract_Law_of_Saudi_Arabia data "Gharar".
- Contract_Law_of_Saudi_Arabia data "Hanbali School of Sharia Law, Sunni".
- Contract_Law_of_Saudi_Arabia data "Ijma".
- Contract_Law_of_Saudi_Arabia data "Qiyas".
- Contract_Law_of_Saudi_Arabia data "Sunna".
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- Contract_Law_of_Saudi_Arabia hasPhotoCollection Contract_Law_of_Saudi_Arabia.
- Contract_Law_of_Saudi_Arabia header "Data".
- Contract_Law_of_Saudi_Arabia header "Legal System".
- Contract_Law_of_Saudi_Arabia header "Sharia Principles of Contract Law".
- Contract_Law_of_Saudi_Arabia header "Sources of Law".
- Contract_Law_of_Saudi_Arabia header "World Bank Enforcing Contracts".
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- Contract_Law_of_Saudi_Arabia labelstyle "color:black;background:white;".
- Contract_Law_of_Saudi_Arabia name "Contract Law in Saudi Arabia".
- Contract_Law_of_Saudi_Arabia subject Category:Articles_created_via_the_Article_Wizard.
- Contract_Law_of_Saudi_Arabia subject Category:Contract_law.
- Contract_Law_of_Saudi_Arabia subject Category:Saudi_Arabian_law.
- Contract_Law_of_Saudi_Arabia comment "Contract law in Saudi Arabia is governed by the conservative Hanbali school of Sharia Law, which adopts a fundamentalist and literal interpretation of the Quran. Any contract that is not specifically prohibited under Sharia law is legally binding, with no discrimination against foreigners or non-Muslims.The Hanbali school is the most liberal among the four Sunni schools with respect to the freedom of persons to contract.".
- Contract_Law_of_Saudi_Arabia label "Contract Law of Saudi Arabia".
- Contract_Law_of_Saudi_Arabia sameAs m.0h7m0jj.
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- Contract_Law_of_Saudi_Arabia wasDerivedFrom Contract_Law_of_Saudi_Arabia?oldid=605581737.
- Contract_Law_of_Saudi_Arabia depiction Coat_of_arms_of_Saudi_Arabia.svg.
- Contract_Law_of_Saudi_Arabia isPrimaryTopicOf Contract_Law_of_Saudi_Arabia.
