ENFORCEABILITY OF ISLAMIC FINANCE CONTRACTS: A MALAYSIAN EXPERIENCE (ISRA-TR REPORT 2016)

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Year: 2016


Islamic finance is fast becoming part of the mainstream, with Malaysia at the forefront of this development. This growth can be attributed to the dynamic landscape of the Malaysian legal and financial system which has fostered the proliferation of a wide spectrum of Islamic financial instruments. These Islamic financial instruments cannot however exist in a vacuum. First, there must be a legal framework that takes into account the unique principles of Islamic finance. Second, there must be an avenue for dispute resolution that ensures issues in relation to Islamic finance contracts will be effectively adjudicated and subsequently enforced.

 

Source:

ISRA THOMSON REUTERS ISLAMIC COMMERCIAL LAW REPORT 2016 (Pg 133 - 136) 


 

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