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Malaysia
Arbitration rules in Malaysia provide for international commercial transactions premised on Islamic principles. Read on to learn more.
The Asian International arbitration Centre (AIAC), formerly the Kuala Lumpur Regional Centre for Arbitration’s (KLRCA), launched the i-Arbitration Rules in 2017 as the first set of Sharia-compliant arbitration rules in the world. They aim to allow for resolution of disputes arising from any contract that contains Sharia issues (the “i” prefix being a well-recognised indication of Sharia compliance). The aim behind the rules is to provide arbitration that is suitable for international commercial transactions premised on Islamic principles, which will be recognised and enforced internationally.
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International Arbitration: Process and Procedure
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International Arbitration: Process and Procedure
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