Islam, Islamic Countries, and Competition Law: From Past Glory to Modern Day Challenges

Maher Dabbah, May 29, 2012

…Despite this rich history and past glory, Islamic countries did not carry the mechanism of economic regulation, in the form of Hisba, into modern times. Indeed, there has been inadequate recognition given by these countries to the importance of Hisba as an institution for market regulation. More generally, these countries have been among the latecomers to arrive properly at the competition law scene. And in doing so, they have not made use of their Islamic ident