What is it about?
This article deals with Islamic banking disputes by giving an alternative dispute resolution mechanism. Here, arbitration is proposed in this respect. As you know well, Islamic banking business is based on principles of the Shariah and arbitration could be an ideal alternative mechanism to resolve issues and disputes as principles of the Shariah can be accommodated as a governing law. Those who want to get a clear picture on this issue, this article may be useful literature.
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Why is it important?
literature on Islamic finance and arbitration is minimal. Besides, litigation leads into various issues such as costly, violation of privacy and delay.Therefore, arbitration may be promoted to find easy and effective ways to resolve disputes. In this sense, as this article discusses these issues in detail, it is important for those who involve in Islamic banking business.
Perspectives
It is really very useful. It is a lengthy article that discusses every important aspect of arbitration for Islamic banking. In order to publish in a quality journal like ALQ, author has made various and sincere efforts to make this article more valuable one for readers.
Dr. Seeni Mohamed Nafees
Universiti Islam Sultan Sharif Ali
Read the Original
This page is a summary of: Resolution of Islamic Banking Disputes by Way of Arbitration in Sri Lanka, Arab Law Quarterly, October 2016, Brill,
DOI: 10.1163/15730255-12341329.
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