Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia

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building INTELEK Repository
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collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2017-04-11 15:10:45
eventvenue Fakultas Hukum, Universitas Muhammadiyah Yogjakarta
format Restricted Document
id 6368
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originalfilename 1234-01-FH03-FUHA-18-12067.pdf
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resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6368
spelling 6368 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6368 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Conference Conference Paper application/pdf 8 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in UniSZA Unisza unisza 2017-04-11 15:10:45 1234-01-FH03-FUHA-18-12067.pdf UniSZA Private Access Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia A consent judgment is a mutual agreement between two disputing parties to a settlement to end their legal suit. This settlement is recorded by the court as a consent judgment. Private contracts are contracts entered into between individuals, or companies, or individual and company. Except those financial contracts which are in accordance with Shariah, judgments in other private contracts are subject to a statutory rule that imposes a charge of interest rate over the judgment sum. Such rate of interest is riba which is prohibited in Islam. This paper is to examine the method of consent judgment and determine whether it can be a Shariah compliant method of resolving legal suits in private contracts. The methodology used in this paper is qualitative where statutory provisions and cases are analysed. The findings suggest that consent judgment may provide a better solution to ensure judgments in these private contracts are Shariah compliant. International Conference On Shariah And Globalisation 2017 Fakultas Hukum, Universitas Muhammadiyah Yogjakarta
spellingShingle Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
summary A consent judgment is a mutual agreement between two disputing parties to a settlement to end their legal suit. This settlement is recorded by the court as a consent judgment. Private contracts are contracts entered into between individuals, or companies, or individual and company. Except those financial contracts which are in accordance with Shariah, judgments in other private contracts are subject to a statutory rule that imposes a charge of interest rate over the judgment sum. Such rate of interest is riba which is prohibited in Islam. This paper is to examine the method of consent judgment and determine whether it can be a Shariah compliant method of resolving legal suits in private contracts. The methodology used in this paper is qualitative where statutory provisions and cases are analysed. The findings suggest that consent judgment may provide a better solution to ensure judgments in these private contracts are Shariah compliant.
title Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
title_full Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
title_fullStr Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
title_full_unstemmed Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
title_short Consent Judgment as a Method of Shariah Compliant Resolution of Litigation in Private Contracts in Malaysia
title_sort consent judgment as a method of shariah compliant resolution of litigation in private contracts in malaysia