An analysis of the courts’ decisions on Islamic finance disputes

المؤلفون المشاركون

Hasan, Zulkifli
Asutay, Mehmet

المصدر

ISRA International Journal of Islamic Finance

العدد

المجلد 3، العدد 2 (31 ديسمبر/كانون الأول 2011)، ص ص. 41-71، 31ص.

الناشر

الأكاديمية العالمية للبحوث الشرعية

تاريخ النشر

2011-12-31

دولة النشر

ماليزيا

عدد الصفحات

31

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

الملخص EN

Most Islamic financial institutions operate in an environment where the legislative framework consists of mixed legal systems where the SharÊÑah (Islamic law) co-exists with common law and civil law legal systems.

As such, every transaction, product, document and operation must comply with the SharÊÑah principles as well as relevant laws, rules and regulations.

In the case where Islamic law is the ultimate legal authority, such as in Iran and Saudi Arabia, any issue in Islamic banking cases may not pose a big problem; whilst in the countries of mixed legal systems as in the case of Malaysia or in a non-Islamic legal environment such as in the UK, the issue is very significant.

This inherent issue will be more complicated if Islamic finance disputes involve parties from different jurisdictions in cross-border transactions.

This leads to the question of how SharÊÑah principles apply together with the laws of the jurisdiction and how a case will be adjudicated in a court.

In view of this unresolved issue, this paper attempts to critically review and analyse the courts’ decisions on Islamic finance disputes in four different jurisdictions, namely Malaysia, the United Kingdom, India and the United States.

With the emergence of Islamic finance litigation, this paper strongly advocates that a proper legal framework and infrastructure as well as the substantial support of the legal fraternity are the prerequisites for the advancement and significant growth of the Islamic finance industry.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Hasan, Zulkifli& Asutay, Mehmet. 2011. An analysis of the courts’ decisions on Islamic finance disputes. ISRA International Journal of Islamic Finance،Vol. 3, no. 2, pp.41-71.
https://search.emarefa.net/detail/BIM-717766

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Hasan, Zulkifli& Asutay, Mehmet. An analysis of the courts’ decisions on Islamic finance disputes. ISRA International Journal of Islamic Finance Vol. 3, no. 2 (Dec. 2011), pp.41-71.
https://search.emarefa.net/detail/BIM-717766

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Hasan, Zulkifli& Asutay, Mehmet. An analysis of the courts’ decisions on Islamic finance disputes. ISRA International Journal of Islamic Finance. 2011. Vol. 3, no. 2, pp.41-71.
https://search.emarefa.net/detail/BIM-717766

نوع البيانات

مقالات

لغة النص

الإنجليزية

الملاحظات

Includes bibliographical references : p. 70-71

رقم السجل

BIM-717766