Going through arbitration has many costs, both tangible and intangible. Going to arbitration may also result in the severance of a mutual relationship between a contractor and a client. It may result that the contractor would lose potential future profits by being barred from participating in...

This paper presents a mathematical model to evaluate the risks of arbitration in contractual disputes to decide whether or not to raise an arbitration case for a claim. It adds the ingredient of a regret theory approach for taking that decision, if an amicable settlement amount is not agreed....

Humanity has been developing the earth with real estate projects since the dawn of their existence. This paper unlocks linguistic secrets from the Semitic languages, such as Arabic, Hebrew, and Aramaic, in understanding real estate development, and if in fact, real estate is truly fake estate....

When a developer is building different construction projects simultaneously, cash flow management is very important. If the actual cash flow has been reduced than expected, the developer may need to decide which of the projects need to proceed and which need to be either suspended or terminated....

For many centuries, there have been many interpretations of the rules in Islamic Finance. With the modern banking system, more challenges have arisen throughout the world, especially with globalization. Reasons behind Islamic Finance have been studied within the disciplines of philosophy and...

In the modern age, the conflict between science and religion manifests itself in the debate between evolution and creation. If we adopt a creationist's reading of the Qur'an, we discover an interesting anomaly. Reading the Qur'an literally does not necessarily provide the foundation of...

This paper analyzes the impact of debt forgiveness on economic equilibrium. Since the root cause of an economic crisis is debt, eradicating the root may solve the problem. However, it does not prevent future crises from occurring. It is found that debt relief in a global scale can help reach...

There has always been a debate on the roles of government and market for economic growth and development. Economic development encompasses more than just growth; it seeks the betterment of the standard of living and higher Human Development Index. There is no single strategy that would be...

The metaphor of the camel passing through the eye of the needle is found in the Synoptic Gospels (Matthew 19:24, Mark 10:25, Luke 18:25) and the Qur'an (7:40). The Gospels seem to suggest that it is easier for a camel to pass through the eye of a needle than for a rich person to enter the...