The challenges of alternative dispute resolution for Islamic Finance in Malaysia

Malaysia’s authority on Islamic Finance is recognized worldwide. Islamic finance benefits and advantages have helped to develop many countries regardless of religions or communities. However, many countries such as United Kingdom, UEA, Asian countries that are adopting Islamic finance will bound to...

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Main Authors:	Nur Khalidah Dahlan, Mohd Rizal Palil
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:	http://journalarticle.ukm.my/13005/ http://journalarticle.ukm.my/13005/ http://journalarticle.ukm.my/13005/1/29230-89702-1-PB.pdf

id	ukm-13005
recordtype	eprints
spelling	ukm-130052019-05-21T21:35:20Z http://journalarticle.ukm.my/13005/ The challenges of alternative dispute resolution for Islamic Finance in Malaysia Nur Khalidah Dahlan, Mohd Rizal Palil, Malaysia’s authority on Islamic Finance is recognized worldwide. Islamic finance benefits and advantages have helped to develop many countries regardless of religions or communities. However, many countries such as United Kingdom, UEA, Asian countries that are adopting Islamic finance will bound to encounter some disputes through the Islamic finance application. This article provides some insights on the judgment of Malaysian court (Muamalat court) and seek to evaluate the best way for Malaysia to approach the issues. Issues such as whether financial products offered by Islamic banking institutions are Sharia compliant and whether the terms and conditions of the contracts embodied in such products are fair to all parties involved. It is suggested that while a Malaysian court have long solved many disputes through its application, it is still possible for future disputes be resolved using Alternative Dispute Resolution. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/13005/1/29230-89702-1-PB.pdf Nur Khalidah Dahlan, and Mohd Rizal Palil, (2018) The challenges of alternative dispute resolution for Islamic Finance in Malaysia. Jurnal Undang-Undang dan Masyarakat, 22 . pp. 11-19. ISSN 1394-7729 http://ejournal.ukm.my/juum/issue/view/1149
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Malaysia’s authority on Islamic Finance is recognized worldwide. Islamic finance benefits and advantages have helped to develop many countries regardless of religions or communities. However, many countries such as United Kingdom, UEA, Asian countries that are adopting Islamic finance will bound to encounter some disputes through the Islamic finance application. This article provides some insights on the judgment of Malaysian court (Muamalat court) and seek to evaluate the best way for Malaysia to approach the issues. Issues such as whether financial products offered by Islamic banking institutions are Sharia compliant and whether the terms and conditions of the contracts embodied in such products are fair to all parties involved. It is suggested that while a Malaysian court have long solved many disputes through its application, it is still possible for future disputes be resolved using Alternative Dispute Resolution.
format	Article
author	Nur Khalidah Dahlan, Mohd Rizal Palil,
spellingShingle	Nur Khalidah Dahlan, Mohd Rizal Palil, The challenges of alternative dispute resolution for Islamic Finance in Malaysia
author_facet	Nur Khalidah Dahlan, Mohd Rizal Palil,
author_sort	Nur Khalidah Dahlan,
title	The challenges of alternative dispute resolution for Islamic Finance in Malaysia
title_short	The challenges of alternative dispute resolution for Islamic Finance in Malaysia
title_full	The challenges of alternative dispute resolution for Islamic Finance in Malaysia
title_fullStr	The challenges of alternative dispute resolution for Islamic Finance in Malaysia
title_full_unstemmed	The challenges of alternative dispute resolution for Islamic Finance in Malaysia
title_sort	challenges of alternative dispute resolution for islamic finance in malaysia
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2018
url	http://journalarticle.ukm.my/13005/ http://journalarticle.ukm.my/13005/ http://journalarticle.ukm.my/13005/1/29230-89702-1-PB.pdf
first_indexed	2023-09-18T20:03:53Z
last_indexed	2023-09-18T20:03:53Z
_version_	1777407028740751360

The challenges of alternative dispute resolution for Islamic Finance in Malaysia

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