Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law

The skyrocketing uncertainties in the global economy have rekindled the need to examine issues relating to insolvency and debt restructuring. With a focus on Islamic financial transactions and Islamic financial institutions, this paper examines the interplay between three related concepts of insolve...

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Main Author:	Oseni, Umar Aimhanosi
Format:	Conference or Workshop Item
Language:	English
Published:	2013
Subjects:	HG1501 Banking K Law (General) KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/30475/ http://irep.iium.edu.my/30475/1/Harvard-LSE_Workshop_Comments_Feb23.pdf

id	iium-30475
recordtype	eprints
spelling	iium-304752014-11-05T01:02:05Z http://irep.iium.edu.my/30475/ Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law Oseni, Umar Aimhanosi HG1501 Banking K Law (General) KBP1 Islamic law.Shariah.Fiqh The skyrocketing uncertainties in the global economy have rekindled the need to examine issues relating to insolvency and debt restructuring. With a focus on Islamic financial transactions and Islamic financial institutions, this paper examines the interplay between three related concepts of insolvency, bankruptcy and debt restructuring. Balancing these three situations in time of financial distress of an Islamic financial institution requires a fair consideration of the rights of both the debtors‘ and creditors‘. In the light of this, this paper examines the current trends of insolvency and debt restructuring in the Islamic finance industry and proffers some future directions that would help reposition the industry to make it not only Sharī‗ah-compliant but also conventionally viable. 2013-02-28 Conference or Workshop Item NonPeerReviewed application/pdf en cc_by http://irep.iium.edu.my/30475/1/Harvard-LSE_Workshop_Comments_Feb23.pdf Oseni, Umar Aimhanosi (2013) Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law. In: Harvard-LSE Workshop on Insolvency & Debt Restructuring in Islamic Finance, 28th February 2013, London, UK. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking K Law (General) KBP1 Islamic law.Shariah.Fiqh
spellingShingle	HG1501 Banking K Law (General) KBP1 Islamic law.Shariah.Fiqh Oseni, Umar Aimhanosi Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
description	The skyrocketing uncertainties in the global economy have rekindled the need to examine issues relating to insolvency and debt restructuring. With a focus on Islamic financial transactions and Islamic financial institutions, this paper examines the interplay between three related concepts of insolvency, bankruptcy and debt restructuring. Balancing these three situations in time of financial distress of an Islamic financial institution requires a fair consideration of the rights of both the debtors‘ and creditors‘. In the light of this, this paper examines the current trends of insolvency and debt restructuring in the Islamic finance industry and proffers some future directions that would help reposition the industry to make it not only Sharī‗ah-compliant but also conventionally viable.
format	Conference or Workshop Item
author	Oseni, Umar Aimhanosi
author_facet	Oseni, Umar Aimhanosi
author_sort	Oseni, Umar Aimhanosi
title	Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
title_short	Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
title_full	Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
title_fullStr	Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
title_full_unstemmed	Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
title_sort	insolvency and debt restructuring in islamic finance: the need for a comprehensive model law
publishDate	2013
url	http://irep.iium.edu.my/30475/ http://irep.iium.edu.my/30475/1/Harvard-LSE_Workshop_Comments_Feb23.pdf
first_indexed	2023-09-18T20:44:36Z
last_indexed	2023-09-18T20:44:36Z
_version_	1777409591214080000

Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law

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