New Commercial Code of Iran
The number of economic laws of Iran is very limited. A major reason for this shortcoming is that the general principles of the civil and commercial law of Iran are believed to respond to all possible questions in the field of international trade and economic law. In other words, the Civil Code and the Commercial Code of Iran are considered by majority of the Iranian lawyers as jus communes of the Iranian legal system. This understanding in its turn is based on a basic rule of Islamic law that fiqh (teachings of Sharia) shall respond to all legal queries forever.