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Article 13

An arbitration panel shall be established at the Exchange by a Resolution of the Exchange's Board, and shall consist of a judge who shall be nominated by the Minister of Justice & Islamic Affairs as chairman, and two members, one of whom shall be a non-board member. The panel shall be responsible for settling all disputes relating to transactions concluded on the Exchange.

Trading on the Exchange shall be deemed as an acceptance of arbitration and this fact shall be recorded in the documents of the transactions. The awards passed by the panel shall be binding upon both parties of a dispute.

The Exchange's regulations shall set forth the procedures to be followed for reference and settlement of disputes and remuneration of the panel members.

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