ANNOUNCEMENT
September 04, 2014
Global Islamic Finance Forum (GIFF) 2014
4 September 2014 – Sasana Kijang Bank Negara Malaysia – KLRCA returned to partake in the latest edition of the Global Islamic Finance Forum (GIFF 2014) – facilitating a session titled, ‘Resolving Disputes in Islamic Finance through Arbitration’. The previous edition of the Global Islamic Finance Forum (GIFF) in 2012 proved to be a defining and significant one for the Kuala Lumpur Regional Centre for Arbitration (KLRCA) and the Islamic Finance landscape in Malaysia; as GIFF 2012 provided the platform for KLRCA to officially unveil its i-Arbitration Rules which has since gone on to receive international recognition and accolades.
Two eventful years on, Islamic Finance has seen the need for Shariah compliant Arbitration Rules grow in tandem with its significant rise globally. This session provided delegates with an encapsulating look at the use of Shariah law in resolving disputes and the benefits and importance of the i-Arbitration Rules.
KLRCA’s Director, Professor Datuk Sundra Rajoo took stage to present his welcome remarks before Jen Li, KLRCA’s Head of Legal Services took over the podium to talk on ‘The Rise and rise of Arbitration’. The action thickened when Haji Mohd Rasheed Khan Mohd Idris, a Senior Counsel from Azmi & Associates with international Islamic Finance background; intrigued the crowd with his informative presentation titled, ‘Islamic Arbitration in the World of Finance’.
The crowd continuously posed questions to the speakers as the morning went on. The final speaker for the day – Faris Shehabi, KLRCA’s Deputy Head of Legal Services took to the floor to speak on, ‘Practice and Procedure: The KLRCA I-Arbitration’. The enlightening session was capped off with an absorbing hour long panel discussion chaired by Professor Datuk Sundra.