تحتاج كل المنشآت للمحاسبة مھما كان نشاطھا الذي تزاوله. فنجاحھا يعتمد على المحاسبة سواء كان
نشاطھا تجارياً، صناعیاً، زراعیاً، مالیاً، أو خدمیاً. وبالطبع تزداد ھذه الحاجة كلما كثرت أعمالھا ومسؤولیاتھا
The aim of this dissertation is discussion and critical analysis of foreign investment laws in Saudi Arabia.
Foreign investment has a very complicated history since it was first introduced by the oil companies of western
developed countries. The history of investment in the oil industry through concession agreement, the
establishment of the ARAMCO, the effects of the government to indigenise the industry together with the shift
of power and control over the natural resources of the country led to a change in the perception of foreign
investment in Saudi Arabia and the Arab world.
This dissertation, regarding the legal security of foreign investment law in Saudi Arabia, is divided into the
following sections:
Firstly, it sets out the background of KSA and its relation with the WTO. In addition it sheds light on the
reasons for investment in Saudi Arabia and the increased willingness of foreign companies to invest in KSA.
Secondly, it discusses the law which governs KSA: Islamic Shari'a Law. This section also considers how
consistent Shari'a Law is with international law as well as examining the judicial structure in KSA and its
effectiveness.
Thereafter, the study examines the history of FDI as well as legislative history in KSA.
The following section, considers the most important features of the new foreign investment laws in KSA with
particular focus on the Foreign Investment Act and its rules and laws together with other relevant laws. It also
considers the negative aspects of foreign investment.
The next section examines the resolutions of foreign investment disputes in KSA through litigation and
arbitration after giving a brief description about litigation in KSA together with KSA's attitude towards
arbitration.
The subsequent section consists of discussion and critical analysis of foreign investment in Saudi Arabia.
Finally, the dissertation summarises the findings and concludes with the main themes of the dissertation
together with some recommendations.
The rule of law entails government accountability, equal access to justice and the political
process, efficient judicial and political systems, clear laws, generally stable laws, and the
protection of fundamental human rights. This paper explores whether Islamic law
conforms to these principles in theory and in practice. Three conclusions are reached.
First, various early Islamic institutions were meant, in some respect, to serve one or more
of these principles. Second, the institutions in question lost effectiveness over time.
Finally, the relevant Islamic institutions are now generally out of date.
The term Sharia itself derives from the verb shara'a, which according to Abdul Mannan Omar's
Dictionary of the Holy Qur'an connects to the idea of "spiritual law" (5:48) and "system of
divine law; way of belief and practice" (45:18) in the Quran.
In our modern Western society, state-organised legal systems
normally draw a distinctive line that separates religion
and the law. Conversely, there are a number of Islamic regional
societies where religion and the laws are as closely
interlinked and intertwined today as they were before the
onset of the modern age. At the same time, the proportion
in which religious law (shariah in Arabic) and public law
(qanun) are blended varies from one country to the next.
What is more, the status of Islam and consequently that of
Islamic law differs as well. According to information provided
by the Organisation of the Islamic Conference (OIC), there
are currently 57 Islamic states worldwide, defined as countries
in which Islam is the religion of (1) the state, (2) the
majority of the population, or (3) a large minority. All this
affects the development and the form of Islamic law.
يؤرخ البعض لميلاد المصرفية الإسلامية بتجربة بنوك الإدخار المحلية للدكتور أحمد النجار (الأمين العام الأسبق للإتحاد الدولى للبنوك الإسلامية) التى بدأت عام 1963م بمدينة ميت غمر / محافظة الدقهلية/ بمصر واستمرت 4 سنوات.
وكانت فتوى مجمع البحوث الإسلامية بالأزهر عام 1965م (التى أكدت على أن الفائدة المصرفية من الربا المحرم ) كانت حافزاً لإنشاء العديد من المصارف الإسلامية والمؤسسات المالية التى لا تتعامل بالفائدة المصرفية.
ويرى البعض أن أول بنك ينص فى قانون تأسيسه على عدم التعامل بالفائدة المصرفية هو بنك ناصر الإجتماعى بمصر عام 1971م.
ويؤرخ البعض لأول تجربة حقيقية متكاملة لبنك إسلامى تجارى بتجربة بنك دبى الإسلامى بالإمارات العربية المتحدة, الذى أنشىء فى عام 1975م .
تحتاج كل المنشآت للمحاسبة مھما كان نشاطھا الذي تزاوله. فنجاحھا يعتمد على المحاسبة سواء كان
نشاطھا تجارياً، صناعیاً، زراعیاً، مالیاً، أو خدمیاً. وبالطبع تزداد ھذه الحاجة كلما كثرت أعمالھا ومسؤولیاتھا
The aim of this dissertation is discussion and critical analysis of foreign investment laws in Saudi Arabia.
Foreign investment has a very complicated history since it was first introduced by the oil companies of western
developed countries. The history of investment in the oil industry through concession agreement, the
establishment of the ARAMCO, the effects of the government to indigenise the industry together with the shift
of power and control over the natural resources of the country led to a change in the perception of foreign
investment in Saudi Arabia and the Arab world.
This dissertation, regarding the legal security of foreign investment law in Saudi Arabia, is divided into the
following sections:
Firstly, it sets out the background of KSA and its relation with the WTO. In addition it sheds light on the
reasons for investment in Saudi Arabia and the increased willingness of foreign companies to invest in KSA.
Secondly, it discusses the law which governs KSA: Islamic Shari'a Law. This section also considers how
consistent Shari'a Law is with international law as well as examining the judicial structure in KSA and its
effectiveness.
Thereafter, the study examines the history of FDI as well as legislative history in KSA.
The following section, considers the most important features of the new foreign investment laws in KSA with
particular focus on the Foreign Investment Act and its rules and laws together with other relevant laws. It also
considers the negative aspects of foreign investment.
The next section examines the resolutions of foreign investment disputes in KSA through litigation and
arbitration after giving a brief description about litigation in KSA together with KSA's attitude towards
arbitration.
The subsequent section consists of discussion and critical analysis of foreign investment in Saudi Arabia.
Finally, the dissertation summarises the findings and concludes with the main themes of the dissertation
together with some recommendations.
The rule of law entails government accountability, equal access to justice and the political
process, efficient judicial and political systems, clear laws, generally stable laws, and the
protection of fundamental human rights. This paper explores whether Islamic law
conforms to these principles in theory and in practice. Three conclusions are reached.
First, various early Islamic institutions were meant, in some respect, to serve one or more
of these principles. Second, the institutions in question lost effectiveness over time.
Finally, the relevant Islamic institutions are now generally out of date.
The term Sharia itself derives from the verb shara'a, which according to Abdul Mannan Omar's
Dictionary of the Holy Qur'an connects to the idea of "spiritual law" (5:48) and "system of
divine law; way of belief and practice" (45:18) in the Quran.
In our modern Western society, state-organised legal systems
normally draw a distinctive line that separates religion
and the law. Conversely, there are a number of Islamic regional
societies where religion and the laws are as closely
interlinked and intertwined today as they were before the
onset of the modern age. At the same time, the proportion
in which religious law (shariah in Arabic) and public law
(qanun) are blended varies from one country to the next.
What is more, the status of Islam and consequently that of
Islamic law differs as well. According to information provided
by the Organisation of the Islamic Conference (OIC), there
are currently 57 Islamic states worldwide, defined as countries
in which Islam is the religion of (1) the state, (2) the
majority of the population, or (3) a large minority. All this
affects the development and the form of Islamic law.
يؤرخ البعض لميلاد المصرفية الإسلامية بتجربة بنوك الإدخار المحلية للدكتور أحمد النجار (الأمين العام الأسبق للإتحاد الدولى للبنوك الإسلامية) التى بدأت عام 1963م بمدينة ميت غمر / محافظة الدقهلية/ بمصر واستمرت 4 سنوات.
وكانت فتوى مجمع البحوث الإسلامية بالأزهر عام 1965م (التى أكدت على أن الفائدة المصرفية من الربا المحرم ) كانت حافزاً لإنشاء العديد من المصارف الإسلامية والمؤسسات المالية التى لا تتعامل بالفائدة المصرفية.
ويرى البعض أن أول بنك ينص فى قانون تأسيسه على عدم التعامل بالفائدة المصرفية هو بنك ناصر الإجتماعى بمصر عام 1971م.
ويؤرخ البعض لأول تجربة حقيقية متكاملة لبنك إسلامى تجارى بتجربة بنك دبى الإسلامى بالإمارات العربية المتحدة, الذى أنشىء فى عام 1975م .