Jakarta (9/12)- Dispute settlement in Islamic finance institution is up until today is still become the main issue that need to be handled. There is two ways of shariah dispute settlement one by the mediation thru the National Syariah Arbritrage ( BASYARNAS) and the shariah court, whereas the effectiveness is still under questions.
The former Director of Investigation and Mediation of Indonesia’ Banking system Purwantari Budiman said that the two shariah institutions, Basyarnas and syariah court, are not effectively handling the matter of Islamic finance dispute since both institutions lack of competency in Islamic finance transactions. “ when the dispute to be settled in Basyarnas, it will be difficult since the banking operations dispute will be handled by referring to fiqh (Islamic jurisprudence), it will be a deadlock, “ explained Purwantari during the refreshing program at refreshing program for finance and banking journalists at Lembaga Pengembangan Perbankan Indonesia (LPPI), last Thursday (8/12). (source)
