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...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | en |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2018
|
| Online Access: | http://journalarticle.ukm.my/13005/1/29230-89702-1-PB.pdf http://journalarticle.ukm.my/13005/ http://ejournal.ukm.my/juum/issue/view/1149 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1834432029227220992 |
|---|---|
| author | Nur Khalidah Dahlan, Mohd Rizal Palil, |
| author_facet | Nur Khalidah Dahlan, Mohd Rizal Palil, |
| author_sort | Nur Khalidah Dahlan, |
| building | Tun Sri Lanang Library |
| collection | Institutional Repository |
| content_provider | Universiti Kebangsaan Malaysia |
| content_source | UKM Journal Article Repository |
| continent | Asia |
| country | Malaysia |
| 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 |
| id | my-ukm.journal.13005 |
| institution | Universiti Kebangsaan Malaysia |
| language | en |
| publishDate | 2018 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | eprints |
| spelling | my-ukm.journal.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 |
| spellingShingle | Nur Khalidah Dahlan, Mohd Rizal Palil, The challenges of alternative dispute resolution for Islamic Finance in Malaysia |
| title | 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_short | The challenges of alternative dispute resolution for Islamic Finance in Malaysia |
| title_sort | challenges of alternative dispute resolution for islamic finance in malaysia |
| url | http://journalarticle.ukm.my/13005/1/29230-89702-1-PB.pdf http://journalarticle.ukm.my/13005/ http://ejournal.ukm.my/juum/issue/view/1149 |
| url_provider | http://journalarticle.ukm.my/ |