Adjudication and Resolution of Islamic Finance Disputes in Non-Muslim States: An Analysis of Islamic Law With Reference to International Law

Fuente: Zenodo
Guardado en:
Detalles Bibliográficos
Autores principales: Sohail Amjad, Nagina Riaz
Formato: Recurso digital
Publicado: Zenodo 2023
Materias:
Acceso en línea:
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
_version_ 1866902278727794688
author Sohail Amjad
Nagina Riaz
author_facet Sohail Amjad
Nagina Riaz
contents <p>An Analysis of the growth of multi trillion Islamic finance industry shows its huge importance and attraction for the stake holders but the lack of serious narrative and attitude towards resolution of disputes in Islamic financial contracts is degrading its rapid growth and failing to maintain trust of Muslims as well as non-Muslim stake holders. Immediate attention is needed from the scholars of Islamic as well as International law to provide a route map and code of resolution and litigation towards adjudication of Islamic finance disputes. This qualitative work analyzes the legal framework for Islamic finance law in Non-Muslim jurisdictions in the light of teachings of Muslim jurists and international law with reference to selected legal systems. This research finds that there is an immediate need of a structured code for the resolution of Islamic finance disputes and suggests that ADR and other legal remedies available in Islamic context as well as international conventions shall be implemented immediately to resolve prevailing issues and disputes.</p>
format Recurso digital
id zenodo_https___doi_org_10_5281_zenodo_7749108
institution Zenodo
language
publishDate 2023
publisher Zenodo
record_format zenodo
spellingShingle Adjudication and Resolution of Islamic Finance Disputes in Non-Muslim States: An Analysis of Islamic Law With Reference to International Law
Sohail Amjad
Nagina Riaz
Islamic finance, Islamic law, International law, Adjudication, Non-Muslim states
<p>An Analysis of the growth of multi trillion Islamic finance industry shows its huge importance and attraction for the stake holders but the lack of serious narrative and attitude towards resolution of disputes in Islamic financial contracts is degrading its rapid growth and failing to maintain trust of Muslims as well as non-Muslim stake holders. Immediate attention is needed from the scholars of Islamic as well as International law to provide a route map and code of resolution and litigation towards adjudication of Islamic finance disputes. This qualitative work analyzes the legal framework for Islamic finance law in Non-Muslim jurisdictions in the light of teachings of Muslim jurists and international law with reference to selected legal systems. This research finds that there is an immediate need of a structured code for the resolution of Islamic finance disputes and suggests that ADR and other legal remedies available in Islamic context as well as international conventions shall be implemented immediately to resolve prevailing issues and disputes.</p>
title Adjudication and Resolution of Islamic Finance Disputes in Non-Muslim States: An Analysis of Islamic Law With Reference to International Law
topic Islamic finance, Islamic law, International law, Adjudication, Non-Muslim states
url https://doi.org/10.5281/zenodo.7749108