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Malaysia challenging U.K. as hub for Sukuk law

Posted on 09 September 2010

From Bloomberg: Malaysia, the world’s largest market for sukuk, plans to improve its legal system to become an alternative location to the U.K. for resolving international Islamic finance disputes.
The goal is to position Malaysian “laws as the law of choice for Islamic finance transactions globally,” the central bank said in a statement Aug. 30. Disputes about Shariah principles are a risk to the market for sukuk, bonds complying with Islam’s ban on payment of interest, it said……………………………………….Full Article: Source

 
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