Towards restructuring the legal framework for payment system in international Islamic trade finance by Oseni, Umar Aimhanosi

“…The UCP 600 also allows for the exclusion or modification of the rules to suit the specific needs of the Islamic finance industry. Research limitations/implications – This study focuses only on UCP 600 and the Shari'ah framework on Documentary Credits, though bearing mind that there are other frameworks for documentary credit systems such as the International Standby Practices (ISP98) and letters of credit issued under Article 5 of the New York Uniform Commercial Code. …”
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