Citation

Wong, Hua Siong (2019) Towards a Syariah and Legal Framework for Franchising Involving Syariah Compliant Businesses in Malaysia. In: The 10th UUM International Legal Conference 2019 (UUMILC 2019), 29-30 Nov 2019, Parliament of Malaysia, Kuala Lumpur, Malaysia.

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Abstract

Since the enforcement of the Franchise Act 1998, Malaysia has been promoting the Franchise Industry extensively via the government bodies by providing financial assistance to the would be Franchisors and Franchisees. Some people in the Franchise Industry commented that the Act was said to be more pro Franchisee rather than pro Franchisor as some salient terms and conditions in the Act are stricter on the Franchisors. Others commented otherwise. This is where we will look in depth of the Act as Islam does not allow oppression in dealings. Nevertheless, with a few amendments recently made by the Domestic Trade, Co-operatives and Consumerism Ministry have in a way try to balance the interests of both parties concerned. This paper will look into whether the terms and conditions in the Franchise Act deviates from the Syariah principles and if yes, this paper will look into some proposals on how to make the Franchise Business and Industry Syariah friendly and thus making it competitive in the Islamic Finance Industry.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Franchise Industry, Franchises (Retail trade)
Subjects:	H Social Sciences > HF Commerce > HF5001-6182 Business > HF5428-5429.6 Retail trade
Divisions:	Faculty of Law (FOL)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	13 Oct 2021 05:55
Last Modified:	13 Oct 2021 05:55
URII:	http://shdl.mmu.edu.my/id/eprint/9561

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