Family firms in the Middle East constitute a significant component of its non-oil GDP, yet family business succession remains largely unstudied and deeply problematic. This book frames the challenges of succession planning and corporate failure in family business and details innovative solutions. It also seeks to provide a framework for conflict resolution, leadership, strategic planning, and philanthropy that is instrumental to the continuity of family firms in the region and beyond. In the Gulf Cooperation Council, it is anticipated that more than one trillion US dollars will change hands from one generation to another over the next decade. The peaceful generational transition of wealth is not guaranteed, however, owing to the absence of viable and tested legal and governance frameworks. The issue of family business succession planning in the Middle East and Muslim world is further complicated by the impact of forced heirship rules under Sharia law. Family Business Continuity in the Middle East & Muslim World: Betting Against the Odds illustrates the methods these firms can use to ensure the continued success of both the business and the family

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