To complement the court system, the Kuala Lumpur Regional Centre for Arbitration has been enhanced to deal with disputes on Islamic banking and finance for both domestic and international cases. Sixth, essential for effectiveness and sustainability of IF industry is need for encouraging this segment to enhance corporate governance and ethical standards in banking.
In line with the Shariah rulings, the challenge for IFIs is how to balance the dual objectives of achieving economic gains, while ensuring compliance with Islamic faith. Compliance with Islamic faith goes beyond the elimination of Riba to facilitate equitable distribution of economic resources and non-exploitation of any particular segment of the society.