ACCA - F4 Corporate and Business Law (GLO): Study Text by BPP Learning Media

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Additional info for ACCA - F4 Corporate and Business Law (GLO): Study Text

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As we have observed above, the religious nature of Sharia means that in true Sharia tradition, judges are clerics, known as Imam. This is the situation in Iran, for example. However, in other Muslim states, there are a mixture of clerical judges and secular judges. Judges are required to apply the law to cases brought before them. However, given the nature and source of the law, there are particular considerations with regard to interpretation of the law. 1 Interpretation of Sharia law The Quran cannot be altered, being the Word of Allah.

The Quran was revealed to the Prophet Muhammad during the last years of his life, around 619–632 AD. It was written down piecemeal during his lifetime but not fully collated until after his death. The Muslim calendar is different from the Western systems of years BC and AD. However, for the purposes of comparability with common and civil law systems, the AD dates are being used here. The Quran includes various injunctions of a legal nature, but it does not cover every detail, so another primary source of law in Sharia is the Sunnah.

C) The General Assembly is the ultimate decision-making organ of UNIDROIT, approving the annual budget, approving the work programme and electing the Governing Council. Each member Government has one representative. UNIDROIT's basic objective is to prepare modern, harmonised and uniform rules of private international law. Sometimes it strays into public international law, especially in areas where hard and fast lines of demarcation are difficult to draw or where the laws are very complicated and interlinked.

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