Towards restructuring the legal framework for payment system in International Islamic trade finance

• Main Author: Oseni, Umar Aimhanosi
• Format: Conference or Workshop Item
• Language: English; English; English
• Published: 2012
• Subjects: HG1501 Banking; HG3691 Credit; K Law (General); KBP173.25 Islamic law and other disciplines or subjects
• Online Access: http://irep.iium.edu.my/31312/1/Towards_Restructuring_the_Legal_Framework_For_Payment_System_in_International_Islamic_Trade_Finance.pdf; http://irep.iium.edu.my/31312/2/Jordan_Presentation_on_LC.pdf; http://irep.iium.edu.my/31312/3/Jordan_conference_-_Evidence.pdf; http://irep.iium.edu.my/31312/

Purpose – The purpose of this paper is to examine the current legal framework for payment system in international Islamic trade finance vis-à-vis the new regime introduced by the Uniform Customs and Practice for Documentary Credits (UCP) 600 as well as the Sharī'ah Standard on Documentary Credi...