BAHRAIN: The Bahrain Chamber for Dispute Resolution (BCDR-AAA) recently held a high-level roundtable discussion with Bahrain-based industry experts to discuss the best practices in Islamic finance dispute resolution.
Speaking to reporters after the event Oliver Agha, the managing partner at Shariah compliant legal firm Agha & Co, who also led a discussion on the structural development of a world class Islamic dispute resolution center, said: “Establishing such a center is critical in order to give stakeholders a reliable forum where they can have their complex Islamic transactions adjudicated by professionals that have the requisite background, training and capability. The need for such a center is made more acute by the general lack of comprehensive regulatory legal frameworks that delineate the stakeholders’ rights and obligations.”