aafaq joined the list of members of International Islamic Centre for Reconciliation and Arbitration (IICRA).02 Feb ,2014
aafaq joined the list of members of International Islamic Centre for Reconciliation and Arbitration (IICRA). IICRA is an international, independent, non-profit organization, and one major infrastructure institutions of the Islamic finance industry. The center settles in all financial and commercial disputes that arise between financial or business institutions that choose to apply the provisions of Islamic law, Sharia principles, in resolving disputes arise between these institutions and their clients or between them and third parties through reconciliation or arbitration.
The International Islamic Centre for Reconciliation and Arbitration makes all possible arrangements to settle any kind of financial or commercial disputes between financial or commercial institutions that have chosen to comply with the sharia’a to settle such disputes. IICRA also helps to settle disputes between the above-stated institutions and their customers or between them and any third party through reconciliation and arbitration as outlined under this charter .