In this book, the author will examine the Abrahamic principles underpinning Islamic finance, the rationale for a distinct economic system based on Islamic values originating from the moral teachings of Islam, Islamic finance dispute resolution and some of the problems experienced in adjudicating Islamic finance disputes in the conventional court system, and solutions in the field of Online Dispute Resolution for the Islamic finance industry as Online Dispute Resolution or (“ODR”) is the wave of the future.
In years of experience, I contributed to numerous projects that helped clients achieve their goals. I am available for taking on new freelance work. See my contact information below and get in touch.
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I have been published in Literary Yard, Nude Bruce Review, Islamic Finance News, ISFIRE, Journal of Islamic Banking and Finance (JIBF)(Karachi), New Horizon Magazine, Business Islamica, Journal of Business and Economics (Academic Star Publishing), and International Finance Magazine. Paldi also authored the book ‘Dispute Resolution in Islamic Finance: Problems and Solutions’. My latest work includes a book chapter entitled ‘Unlocking Dispute Resolution in Islamic Finance’ with IGI Global Publishing in ‘Handbook of Research on Theory and Practice of Global Islamic Finance’ (2020) edited by Abdul Rafay. As the Islamic finance industry is growing annually at a rate of 10% to 15% per year, it is imperative that a unique, independent legal framework is established in order to effectively adjudicate Islamic finance disputes, sukuk bankruptcies, and takaful disputes. The aim of this chapter is to explore the role of the proposed Dubai World Islamic Finance Arbitration Center (“DWIFAC”) and its’ jurisprudence office (“DWIFACJO”) plus the Sukuk Bankruptcy Tribunal (“SBT”) and the Takaful Tribunal (“TT”) as the dispute resolution center of the Islamic finance industry. The objective of the chapter is to show how using a common law jurisdiction inadvertently transforms Islamic financial transactions into conventional disputes. Through case analysis combined with an exploration of the efficacy of existing arbitration centers and dispute resolution methods available to Islamic finance, this chapter will seek to reveal that the Islamic finance industry currently lacks an adequate dispute resolution mechanism and facility to adjudicate disputes arising from Islamic finance contracts including sukuk and takaful contracts.
You can read my Proposal for an Online Dispute Resolution Mechanism for the Islamic Finance Industry at https://uaelawsandislamicfinance.com/2020/02/19/proposal-for-an-online-dispute-resolution-mechanism-for-the-islamic-finance-industry/.
Camille Paldi is the only US Citizen to have graduated from the Durham University Islamic Finance Program in the UK. Camille Paldi was an International Bar Association Scholar 2009/2010 and qualified as a lawyer in the UK through the UK QLTT in 2013. Paldi was voted #24 on the WomanI Report on the world’s most influential women of the Islamic Finance Industry in 2018 and ranked in the top 50 in the world for 2019. Paldi is a graduate of Colgate University, the London School of Economics, University of Sydney, University of Melbourne, Kansai Gaidai University, East Shanghai University of Politics and Law, University of Hawaii, College of Law, and Durham University. Paldi is the author of the chapter ‘Unlocking the Islamic Finance Industry Through Dispute Resolution’ in the book edited by Abdul Rafay entitled ‘Handbook of Research on Theory and Practice of Global Islamic Finance’ (2020). Paldi also authored the book ‘Dispute Resolution in Islamic Finance: Problems and Solutions’. Paldi edits the online daily newspapers ‘The Islamic Banking and Finance Daily,’ ‘The Halal Daily,’ and ‘The International Film Festivals Daily.’ You can follow Paldi’s blogs at:
UAE Laws and Islamic Finance http://www.uaelawsandislamicfinance.com
Ethical Finance Forum http://www.ethicalfinanceforum.org
New Muslim Magazine http://www.newmuslimmagazine.com
Natural Intuitive Self-Healing Centers http://www.nishcenters.com
Journal and Magazine Articles
- Islamic Finance United States Report 2020, Journal of Islamic Banking and Finance, Karachi, Vol. 37 April – June, 2020 No. 2.
- The Dana Gas Sukuk: An Example of Why We Need the Proposed Sukuk Bankruptcy Tribunal (SBT), Journal of Islamic Banking and Finance, Karachi, Vol. 37 Jan. – March, 2020 No. 1.
- US Online Dispute Resolution Mechanism for the Global Islamic Finance Industry, 2020 IFN Annual Guide.
- Islamic Finance in the US, Islamic Finance News 15th Anniversary Edition, Feb. 6, 2020
- Online Dispute Resolution and the Future of Islamic Finance, Islamic Microfinance News, January 9, 2020.
- Islamic Finance Dispute Resolution Mechanism Proposal for 2020, Islamic Finance News, Volume 16 Issue 48, December 4, 2019.
- Book Review for Islamic Banking, How Is It Different from Conventional Banking? by Professor Muhammad Ali Sheikh, Journal of Islamic Banking and Finance (Karachi), July – Sept., 2019, Issue No. 3.
- Book Review for Hedging in Islamic Finance by Sami Al-Suwailem, Journal of Islamic Banking and Finance (Karachi), Vol. 36 April – June, 2019 No. 2.
- Outlook for Halal Investment in North and South America, Islamic Finance News (Kuala Lumpur), Volume 16 Issue 14 dated the 10th April 2019.
- Regulatory Landscape of Islamic Finance in the US, Islamic Microfinance News, April 6, 2019.
- Dispute Resolution is the Key to Unlocking the Islamic Finance Industry, International Finance Magazine, March 30, 2017.
- Book Review of Islamic Capital Market, Equity, and Sukuk (2014), Journal of Islamic Banking and Finance (Karachi), Vol. 33 Jan – Mar 2016 No. 1.
- Oman’s Appetite for Islamic Finance Products is Growing, International Finance Magazine (UK), March 31, 2016.
- Non-Banking Financial Institutions Leading the Way In India, International Finance Magazine (UK), April 22, 2016.
- Reforming Finance and Economics in Light of Abrahamic Principles, International Journal of Financial Management (IJFM) Vol. 5, Issue 1, Dec.-June 2016, 1-10, IASET. Journal of Islamic Banking and Finance (Karachi) Vol. 32, July – Sept. 2015 No. 3.
- Islamic Funds Are Not Just an Alternative, International Finance Magazine (UK), September 22, 2016.
- Capital Adequacy, Liquidity, and Risk: Is Islamic Banking Too Expensive?, Journal of Islamic Banking and Finance (Karachi), Vol. 32 Jan. – Mar 2015 No. 1.
- Book Review of Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia, Journal of Islamic Banking and Finance (Karachi), Vol 32 April – June 2015 No. 2.
- A Discourse on Riba, Islamic Finance News, June 17, 2015, Vol. 12, Issue 24.
- Tense Dichotomy Between Shari’ah Compliance and the Economic Goals of Islamic Finance Institutions, Journal of Islamic Banking and Finance (Karachi), Vol 32 July-Sept. 2015 No. 3.
- The Pitfalls of Using a Common Law Court to Adjudicate Islamic Finance Disputes, ISFIRE (UK), September 2015.
- The Treatment of Qard in Takaful, International Finance Magazine (UK), November 5, 2015.
- Islamic Trade Finance Still In Its’ Infancy, Islamic Finance News, November 11, 2015, Volume 12, Issue 45
- Halal Finance Booming Around the World, Islamic Finance News (Kuala Lumpur), December 9, 2015.
- A Case-Study of Kuwait Finance House: Issues and Concerns in the Financial Reporting of Islamic Banks, Journal of Islamic Banking and Finance (Karachi), Vol. 31 April – June 2014 No 2.
- Understanding Riba and Gharar in Islamic Finance, Journal of Islamic Banking and Finance (Karachi), Vol. 31 July-Sept. 2014 No 3.
- Proposal for the Dubai World Islamic Finance Arbitration Centre (DWIFAC) and Dubai World Islamic Finance Arbitration Centre Jurisprudence Office (DWIFACJO) as the Dispute Resolution Mechanism and Center for the Islamic Finance Industry, Journal of Islamic Banking and Finance (US) Vol_2_No_2_December_2014.
- The Dispute Resolution Conundrum of the Islamic Finance Industry, International Finance Magazine (UK), December 12, 2014.
- South Korea Preps Islamic Finance Entry, Islamic Finance News, December 23, 2014, Volume 12, Issue O1