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Court referral and Nigeria's Financial Regulation Advisory Council of Experts (FRACE)

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dc.contributor.authorZakariya Mustapha
dc.contributor.authorSherin Kunhibava
dc.contributor.authorAishath Muneeza
dc.date.accessioned2020-03-27T07:13:35Z
dc.date.available2020-03-27T07:13:35Z
dc.date.issued2019
dc.description.abstractThis paper aims to highlight resolution of Islamic finance dispute by common law-orient courts in Nigeria with respect to Shari'ah non-compliance and legal risks thereof, as well as the lesson to learn from Malaysia in that regard. This is with view to ensuring Shari'ah compliance and legal safety of Islamic finance practice as prerequisites for sustainability of the Nigerian Islamic finance industry. A qualitative method was used; interviews were conducted with different categories of experts and primary data collected in relation to Shari'ah non-compliance and legal risks in adjudicating Islamic finance dispute by civil courts and the role of expert advice as basis for court referral to Financial Regulation Advisory Council of Experts. A doctrinal approach was adopted to analyse relevant legislative provisions and content analysis of secondary data relevant to applicable provisions in matters of finance before civil courts.en_US
dc.identifier.citationMustapha, Z., Kunhibava, S., & Muneeza, A. (2019). Court referral and Nigeria's Financial Regulation Advisory Council of Experts (FRACE). ISRA International Journal of Islamic Finance, 11(2), 206-225. http://dx.doi.org/10.1108/IJIF-11-2018-0126en_US
dc.identifier.doihttp://dx.doi.org/10.1108/IJIF-11-2018-0126
dc.identifier.issn0128-1976
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3197
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2019. Emerald Publishing Limited
dc.sourceSEDONA
dc.subjectNigeriaen_US
dc.subjectDispute resolutionen_US
dc.subjectShari'ah complianceen_US
dc.subjectShari'ah governanceen_US
dc.subjectFRACEen_US
dc.subjectShari'ah advisory councilen_US
dc.subjectIslamic finance disputesen_US
dc.subjectShari'ah issuesen_US
dc.subjectSACen_US
dc.titleCourt referral and Nigeria's Financial Regulation Advisory Council of Experts (FRACE)en_US
dc.typeJournal Articleen_US
dlc.maintopicFiqh muamalaten_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicFiqh muamalaten_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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