UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

Law Harmonization Committee of Malaysia

 

 

As part of Malaysia’s continuous efforts to further strengthen the legal system and infrastructure to cater for the growing development of the Islamic finance, the Law Harmonisation Committee (“the Committee”) has been established.

Objectives of the establishment

The Committee is established with the following objectives:-

  1. To create a conducive legal system that facilitates and supports the development of Islamic finance industry;
  2. To achieve certainty and enforceability in the Malaysian laws in regard to Islamic finance contracts;
  3. To position Malaysia as the reference law for international Islamic finance transactions; and
  4. For Malaysian laws to be the law of choice and the forum for settlement of disputes for cross border Islamic financial transactions.

http://www.bnm.gov.my/index.php?ch=260&pg=830&ac=861

UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

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