Alamaren, Emad Mohammad Hussein and Md Ismail, Che Thalbi and Md. Nor, Mohd Zakhiri (2020) Risks and Remedy in Islamic and Conventional Letter of Credit:Jordanian Practices JORDANIAN PRACTICES. International Journal of Islamic Economics, 2 (1). pp. 54-68. ISSN 2686-2131

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Abstract

International trade and the movement of goods between parties living in different countries have spread in the last century and have become one of the fundamental features of the current trade. This proliferation of international contracts, of course, has its own problems. The problems of external Islamic or conventional letters of credit affect export, since letters of credit are considered a valuable tool used in financing foreign trade operations. Therefore, the problems faced by exporters in letter of credit reflect on and impact trade in general. Thus, the fewer the credit problems are, the more active foreign trade especially export will be. But if problems are relatively large, exports will contract. This study attempts to identify the problems of external and internal letters of credit facing the Jordanian traders and Jordanian Islamic and conventional banks, and to analyze them in an organized scientific manner, then proposing the appropriate recommendations to address these problems

Item Type:	Article
Uncontrolled Keywords:	Letter of Credit, Risks, Legal remedy, Islamic Bank, Conventional Bank, Jordan
Subjects:	K Law > K Law (General)
Divisions:	School of Law
Depositing User:	Mdm. Sarkina Mat Saad @ Shaari
Date Deposited:	29 Aug 2024 11:17
Last Modified:	29 Aug 2024 11:17
URI:	https://repo.uum.edu.my/id/eprint/31356

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