05/07/2026
The Growing Role of the OIC Arbitration Centre in International Dispute Resolution
As investment flows and commercial relationships continue to expand across the Organization of Islamic Cooperation (OIC) member states, the demand for sophisticated, neutral, and internationally credible dispute resolution mechanisms has become increasingly significant.
The Organisation of Islamic Cooperation Arbitration Centre (OIC-AC) was established to meet this need by providing an institutional framework for the resolution of international commercial and investment disputes. Through its Arbitration Rules and institutional framework, the Centre supports businesses, financial institutions, sovereign entities, and investors by promoting efficient, impartial, and enforceable dispute resolution across jurisdictions.
The Centre also reflects the broader evolution of dispute resolution within OIC markets, where legal certainty, investor confidence, and effective enforcement mechanisms are essential to supporting cross-border investment, infrastructure development, international trade, and Islamic finance.
International arbitration has long been a cornerstone of Hegazy & Partners' practice. The firm regularly advises clients on complex commercial, construction, infrastructure, energy, banking, and investment disputes, as well as arbitration strategy, enforcement of arbitral awards, and multi-jurisdictional risk management.
Our practice is further distinguished by extensive experience in Islamic finance. Dr. Waleed Hegazy has advised governments, financial institutions, multinational corporations, and investors on Sharia-compliant financing structures, Sukuk issuances, cross-border investments, and regulatory frameworks for more than three decades.
His service as a Board Member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) further reflects his contribution to the development of internationally recognized governance and Sharia standards for the Islamic finance industry.
Against this backdrop, Dr. Hegazy's recent appointment to the OIC-AC List of Arbitrators represents a natural extension of a practice dedicated to international arbitration, cross-border commerce, and the advancement of dispute resolution within OIC jurisdictions.
As global investment continues to diversify and commercial activity across OIC member states accelerates, institutions such as the OIC Arbitration Centre will play an increasingly important role in strengthening legal certainty, enhancing investor confidence, and supporting sustainable economic growth.
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