KSA Risks in Enforcing Future Conditions: A Mere Promise or a Binding Obligation?

Commercial agreements often include obligations that a party is required to commit to fulfilling at a future time. This article discusses the enforceability of such future promises in accordance with the four main schools of Islamic thought. We explore available avenues of dispute resolution under the Committee for Banking Disputes or the Committee for Resolution of Securities Disputes and propose strategies to mitigate the risk that a future obligation could be held unenforceable.

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