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36 Eur. J.L. & Econ. 1 (2013)

handle is hein.journals/eurjlwec36 and id is 1 raw text is: Eur J Law Econ (2013) 36:1-34 DOI 10.1007/s10657-01 1-9249-4 Adjudication of Islamic banking and finance cases in the civil courts of Malaysia Ruzian Markom - Sharina Ali Pitchay Zinatul Ashiqin Zainol - Anita Abdul Rahim Rooshida Merican Abdul Rahim Merican Published online: 19 April 2011 © Springer Science+Business Media, LLC 2011 Abstract The adjudication of Islamic banking and finance (IBF) laws in Malaysia is unique given the Malaysian parallel legal systems. Although IBF is a branch of Islamic law, the civil court has the appropriate jurisdiction to decide the cases. This is due to the fact that banking falls under the items 7 and 8 of the Federal List of the Federal Constitution. The trails of decided cases showed that there are problems in resolving IBF cases in the civil courts. This paper aims to discuss the adjudication of Islamic Banking in the civil courts. The authors employed the method of legal documents analysis in analyzing the IBF cases. The analysis highlighted four obstacles in adjudicating IBF in civil courts, namely; inadequacy of existing legal framework, complications of legal documentation, competency of civil court judges and expert evidence. It also analysed the four approaches adopted by the civil courts in deciding IBF cases; the 'parties to be bound by their agreement', the 'strict adherence to civil law', the 'justice and equitable' and the 'looking into the substance'. R. Markom (E) - S. A. Pitchay - Z. A. Zainol - A. A. Rahim - R. M. A. R. Merican Faculty of Law, Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia e-mail: ruzian@ukm.my S. A. Pitchay e-mail: epalhijaul l @yahoo.com Z. A. Zainol e-mail: shiqin@ukm.my A. A. Rahim e-mail: aar@ukm.my R. M. A. R. Merican e-mail: rooshida@ukm.my _ Springer

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