Malaysia Launches i-Arbitration Rules 2021; First Shariah Guided Dispute Resolutions of AIAC

With the inauguration of i-Arbitration Rules 2021, the first Shariah guided dispute resolutions, in Malaysia on the 1st of November 2021, the country is set to be a hub for dispute resolution globally.

Why it Matters?

Dr Wan Junaidi Tuanku Jaafar, Minister in the Prime Minister’s Department (Parliament and Law), speaking at the launch of i-Arbitration Rules 2021 said the Islamic arbitration structure of the Asian International Arbitration Centre (AIAC) will strengthen Malaysia’s position in leading Alternative Dispute Resolution (ADR) in Islamic finance.

Details

i-Arbitration Rules 2021 consists of an integrated approach to dispute resolution, balancing conventional business practices with the need for Sha...