Friday,
27 September 2024
01:12 GMT
عربي
Log in
Remember Me
Forgot
Username
or
Password
Home
News
News by Industry
News by Region
American
Europe
Arab World
Asia
Africa
RSS
Press Distribution
Press releases
Submit Your Articles/Press Releases/Reports
Pricing
Market Data
Equities Market
Global Indices
MENA Indices
Qutoes & Charts
End Of Day Stocks
Currencies
Currency Convertor
Cross Rates
Historical Currencies
Libor
Mena Stocks
Commodoties
Oil & Energy
Economic Calender
Research
Premium Research
Free Research
Countries
Saudi Arabia
UAE
Bahrain
Qatar
Kuwait
Jordan
Oman
Egypt
Lebanon
Iraq
Palestine
Syria
Tunisia
Algeria
Morocco
Yemen
Sections
Events
Financial Glossary
US
Europe
Arab
Asia
Africa
| Politics
Economy
Oil&Energy
Entertainment
Sport
Main
Events
Organizers
Add Event
Edit Organizer
Login
Events This Week
Events This Month
Past Events
All Events
Login
Register
 
ifinance Seminar Legal Structures and Documentation
The lack of standard legal documentation in the Islamic finance space is a major concern for the sector. It gives rise to duplication of processes and inevitably to increased transaction costs.
Bankers rue the fact that there are no standardized legal documentation or templates for internationally-accepted Islamic instruments such as Murabaha, Ijarah and Istisna.
But is standardized documentation on a global basis desirable or even achievable given the diversity of legal jurisdictions, legal codes and legal cultures? Or should standardization be achieved first in national markets; then regional markets; and later leading to convergence globally?
A seminar to discuss these issues is timely given the proliferation of law firms now offering Islamic financial legal services and the increased competition between these firms in attracting Islamic financial business.
Legal documentation also encompasses other issues in the Islamic finance transaction process. These include the relationship with the Shariah governance process, especially the compiling of the document to reflect the Shariah provisions; the Shariah review of the documentation; the time taken for this review; the quality of this review; the potential areas of conflict and disagreement and how these could be reconciled to satisfy both the law of the land and Islamic financial principles; and issues relating to the etiquette of conducting this legal documentation review process.
There are also other issues which are pertinent - the pre-eminence of English law as the 'legal jurisdiction of choice' for many Islamic financial institutions and transactions; the similarities between English law and Islamic law in certain areas especially 'freedom to contract'; and the potential impact of Islamic financial institutions being authorized in the UK to the development of English law relating to the specific characteristics of Islamic banking.
<
Location:
160 Queen Victoria St., London
Country:
United Kingdom
Start Date:
May 21, 2008
End Date:
May 21, 2008
Organizer:
N/A
Sectors:
Business & Finance
** To register please
Click Here
Most popular stories
Macron begins Canada visit focused on French connection and AI...
New Location Of Azerbaijan's Embassy In Iran Determined, Azerbaijan MF...
Asian markets track Wall St record ahead of Nvidia results, Fed minute...
Ministry Of Commerce And Industry, Qatar Tourism Announce New Licensin...
The Automotive Semiconductor Market Is Projected To Grow By USD 31.29 ...
Here's Why Under Armour Stock Is Up 19% Today...
Search
********************
Home
News
News by Industry
News by Region
Americas
Europe
Arab World
Asia
Africa
Press
Releases
Submit Your press
Authors
Register
Submit your Articles
RSS
MarketData
Equities Market
Global Indices
MENA Indices
Qutoes & Charts
End of Day stocks
Currencies
Currency Convertor
Cross Rates
Historical Currencies
Libor
Mena Stocks
Stocks Search
Commodoties
Oil & Energy
Economic Calendar
Stocks Search
Research
Premium Research
Free Research
Countries
Saudi Arabia
UAE
Bahrain
Qatar
Kuwait
Jordan
Oman
Egypt
Lebanon
Iraq
Palestine
Syria
Tunisia
Algeria
Morocco
Yemen
Sections
Events
Financial Glossary