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On balance, including Shariah scholars in arbitration is good for Islamic finance

Posted on 25 October 2012

The Kuala Lumpur Regional Centre for Arbitration (LKRCA) announced new rules for arbitration that would allow for the arbitration panel to “outsource Shariah issues to a specialist council or expert agreed by the parties”.
This is an important move for Islamic finance because it will provide a process for dispute resolution that incorporates a process for deciding differences of opinion between parties on the Shari’ah-compliance of contractual arrangements………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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