| The Islamic finance industry is in need of an international legal framework to settle disputes, an expert said. "We need to have an international convention in which all the countries will subscribe to the convention, in order for us to refer to it when there is any dispute related to Islamic finance," said Dr Mohamad Akram Laldin (pic), executive director of Malaysia's International Syariah Research Academy for Islamic Finance (ISRA).
"People don't put very much attention until there is any legal dispute. Only then people start thinking, 'Yes, we have a problem and how are we going to resolve it?"..............................................Full Article: Source
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