The first 2016 Wednesday One Seminar entitled “Shari’a as Electio Juris” was delivered by Mr. Mohamed Madkour, Partner & Head of Dispute Resolution, Ibrachy & Partners Law office. The lecture explained the history of Islamic finance and analyzed the expression “Islamic law”. The speech refuted the existence of an effective method to apply Islamic law in contracts and in dispute resolution. One of the main reasons, as perceived by the lecturer, is the existence of different schools of fiqh and the existence of conflicts between Islamic law requirements and existing international arbitration rules. Mr. Madkour argued that the existing state laws are sufficient to guarantee the applicability of Islamic law. The innovating argumentative approach, of the lecture, triggers various questions and created lively discussions.