The Significant Role of Shariah Advisory Council (SAC) in Dispute Resolution Mechanisms: The Evolution of Regulatory Framework in Malaysia
Article from: TDM 6 (2022), in Islamic Finance
The continuous growth of Islamic financial services globally indicates the growing interest and acceptance from the relevant stakeholders for ethical financing and faith-based financial system. A progressive demonstration in product innovations and governance can be traced in many countries that participate in the Islamic financial services industry (IFSI). However, such demonstration is still lacking when it comes to dispute resolution mechanisms. Depending on regulatory challenges that need to be faced by the IFSI in these respective countries, there is a crucial need to ...