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Malaysia should continue to focus on Islamic finance arbitration -- Sultan Nazrin
7 Oct 2022 | Friday Source: Bernama
As a leading Islamic finance centre, Malaysia should continue to focus on the area of dispute resolution within the general framework of Islam, said the Sultan of Perak, Sultan Nazrin Shah.
He said the Asian International Arbitration Centre (AIAC) would do well to gather a pool of experts in this area to become the preferred hub in Asia, specialising in Islamic finance arbitration as well as in disputes within halal industries.
“Islamic arbitration provides a unique path to amicable dispute resolution for businesses.
“By providing a confidential means of settling disputes and maintaining the mutual goodwill of the parties, it helps to promote more stable business relationships,” he said in his keynote address at the Fourth Asia Alternative Dispute Resolution (ADR) Week 2022 Conference of the AIAC at the centre here today.
