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Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective

This paper aims to examine the extent of the implementation of mualamat legal provisions in Islamic banking institutions in Malaysia. It seeks to ensure whether the operation and management of Islamic banks in this country comply with the Shariah requirement. Besides, it also aims to examine the e...

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Main Authors: Abdul Majid Tahir, Mohamed, Zanirah, Mustafa @ Busu
Format: Article
Language:English
Published: 2016
Subjects:
BP Islam. Bahaism. Theosophy, etc
HF Commerce
K Law (General)
Online Access:http://eprints.unisza.edu.my/5323/1/FH02-FUHA-17-08389.pdf
http://eprints.unisza.edu.my/5323/
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spelling my-unisza-ir.53232022-02-13T01:55:19Z http://eprints.unisza.edu.my/5323/ Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective Abdul Majid Tahir, Mohamed Zanirah, Mustafa @ Busu BP Islam. Bahaism. Theosophy, etc HF Commerce K Law (General) This paper aims to examine the extent of the implementation of mualamat legal provisions in Islamic banking institutions in Malaysia. It seeks to ensure whether the operation and management of Islamic banks in this country comply with the Shariah requirement. Besides, it also aims to examine the extent of the laws’ effectiveness in overcoming encountered issues and problems. The author will use the qualitative method in analysing the data. This research will utilise the purposive sampling method to conduct the interview because the author will select the best group to be studied, comprising officers who are involved either directly or indirectly in Islamic banking. The case study method will be used to collect recorded data that are related to Islamic banking case reports. Therefore, to propose the future works about several approaches to appropriate solutions to responsible parties or bodies to ensure that Malaysia’s Islamic banking system can be implemented in a more comprehensive manner in line with Shariah requirements.This paper will provide a detailed overview of how far the currently applied legal provisions are able to resolve several issues that have long been acknowledged and whether there are new issues which may emerge. 2016-12 Article PeerReviewed text en http://eprints.unisza.edu.my/5323/1/FH02-FUHA-17-08389.pdf Abdul Majid Tahir, Mohamed and Zanirah, Mustafa @ Busu (2016) Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective. Journal of Applied Environmental and Biological Sciences, 6 (10). pp. 7-14. ISSN 2090-4274
institution Universiti Sultan Zainal Abidin
building UNISZA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sultan Zainal Abidin
content_source UNISZA Institutional Repository
url_provider https://eprints.unisza.edu.my/
language English
topic BP Islam. Bahaism. Theosophy, etc
HF Commerce
K Law (General)
spellingShingle BP Islam. Bahaism. Theosophy, etc
HF Commerce
K Law (General)
Abdul Majid Tahir, Mohamed
Zanirah, Mustafa @ Busu
Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
description This paper aims to examine the extent of the implementation of mualamat legal provisions in Islamic banking institutions in Malaysia. It seeks to ensure whether the operation and management of Islamic banks in this country comply with the Shariah requirement. Besides, it also aims to examine the extent of the laws’ effectiveness in overcoming encountered issues and problems. The author will use the qualitative method in analysing the data. This research will utilise the purposive sampling method to conduct the interview because the author will select the best group to be studied, comprising officers who are involved either directly or indirectly in Islamic banking. The case study method will be used to collect recorded data that are related to Islamic banking case reports. Therefore, to propose the future works about several approaches to appropriate solutions to responsible parties or bodies to ensure that Malaysia’s Islamic banking system can be implemented in a more comprehensive manner in line with Shariah requirements.This paper will provide a detailed overview of how far the currently applied legal provisions are able to resolve several issues that have long been acknowledged and whether there are new issues which may emerge.
format Article
author Abdul Majid Tahir, Mohamed
Zanirah, Mustafa @ Busu
author_facet Abdul Majid Tahir, Mohamed
Zanirah, Mustafa @ Busu
author_sort Abdul Majid Tahir, Mohamed
title Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_short Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_full Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_fullStr Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_full_unstemmed Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_sort challenges in securing shariah compliance issues among islamic financial institutions: a malaysian perspective
publishDate 2016
url http://eprints.unisza.edu.my/5323/1/FH02-FUHA-17-08389.pdf
http://eprints.unisza.edu.my/5323/
_version_ 1724613042382045184
score 13.211869

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