SUSTAINABILITY OF ISLAMIC FINANCE INDUSTRY : ARBITRATION AS FORUM FOR DISPUTE RESOLUTION

The objective of this paper is to discuss the possibility of lslamic finance industry moving towards alternative dispute resolution mechanism in particular the arbitration as forum for disputes settlement. This is due to the growing concern among industry players and public consumers that dispute r...

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Main Authors: Kamilah Wati binti Mohd, Asmidah binti Ahmad, Mustafa Afifi bin Abdul Halim, Tn Hj. Lukmanul Hakim bin Hj. Hanafi
Format: Article
Language:English
Published: Universiti Sains Islam Malaysia 2016
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Online Access:http://ddms.usim.edu.my/handle/123456789/10000
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Summary:The objective of this paper is to discuss the possibility of lslamic finance industry moving towards alternative dispute resolution mechanism in particular the arbitration as forum for disputes settlement. This is due to the growing concern among industry players and public consumers that dispute resolutions by way of reference to the civil court will result in less than satisfactory decisions in terms of Shariah compliance.