Purpose – The purpose of this paper is to focus on some of the issues and problem of implementation of foreign arbitral awards in Bangladesh. Design/methodology/approach – Based upon theoretical sources and empirical data, the legal provision concerning the enforcement of foreign arbitral...

Purpose – The purpose of this paper is to analyse the status and implications of promise ( wa'd ) in Islamic banking practices and the extent of its enforceability in the court of law. The analysis highlights the concept of wa'd , its application and limitation in the present practices....