This article assesses a series of recently adopted bankruptcy laws in the Arab world, situating them within three historical phases of global bankruptcy reform. It introduces recently released recommendations from international standard-setting organisations for best practices in the bankruptcies of small and medium enterprises (SME) and applies them to evaluate the key details of recent bankruptcy reforms in Saudi Arabia, the United Arab Emirates, Egypt, Morocco, Tunisia, Oman, and Bahrain. Seeking an explanation for the persistent absence of an especially crucial element of effective SME rescue policy, it recalls the Islamic law relating to debt distress and recovery. Finally, it reveals a revolutionary new approach to this controversial topic, adopted by one Arab state to produce a bankruptcy law that is truly and exceptionally responsive to the needs of SME s.

本文评估了阿拉伯世界最近通过的一系列破产法，将它们置于全球破产改革的三个历史阶段。它介绍了国际标准制定组织最近发布的关于中小企业( SME )破产最佳实践的建议，并将其应用于评估沙特阿拉伯、阿拉伯联合酋长国、埃及、摩洛哥、突尼斯、阿曼和巴林。为有效的中小企业一直缺乏一个特别重要的要素寻求解释救助政策，它回顾了有关债务困境和恢复的伊斯兰法律。最后，它揭示了针对这一有争议的话题的一种革命性的新方法，该方法被一个阿拉伯国家采用，以制定真正并特别响应中小企业需求的破产法 。