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Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia

This study explores how far the element of maqasid al-Shari’ah is realized through the practice of Shari’ah governance in Malaysia. Among the main bodies in Islamic banking institutions, Shari’ah governance plays a vital role in ensuring that all financial activities comply with Shari’ah rulings...

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Main Authors: Muhammad Shahrul Ifwat, Ishak, Azmir Azri, Ahmad
Format: Article
Language:English
Published: 2020
Subjects:
BP Islam. Bahaism. Theosophy, etc
HG Finance
Online Access:http://eprints.unisza.edu.my/7477/1/FH02-FPP-20-48558.pdf
http://eprints.unisza.edu.my/7477/
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spelling my-unisza-ir.74772022-06-08T02:22:04Z http://eprints.unisza.edu.my/7477/ Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia Muhammad Shahrul Ifwat, Ishak Azmir Azri, Ahmad BP Islam. Bahaism. Theosophy, etc HG Finance This study explores how far the element of maqasid al-Shari’ah is realized through the practice of Shari’ah governance in Malaysia. Among the main bodies in Islamic banking institutions, Shari’ah governance plays a vital role in ensuring that all financial activities comply with Shari’ah rulings and its objective. Based on library research, this study analyzes secondary sources including books, articles and related documents to obtain a clear picture of the element of maqasid al- shari’ah in Shari’ah governance. The findings reveal that two special maqasid have been realized through the practice of Shari’ah governance in Malaysia: ensuring the viability of Islamic banking institutions and promoting transparency. While this study is limited due to the lack of empirical analysis, it could be considered as being among the preliminary studies on the topic of maqasid al-Shari’ah in Shari’ah governance. 2020-12 Article PeerReviewed text en http://eprints.unisza.edu.my/7477/1/FH02-FPP-20-48558.pdf Muhammad Shahrul Ifwat, Ishak and Azmir Azri, Ahmad (2020) Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia. International Journal of Islamic Economics and Finance Research, 3 (2). pp. 39-52. ISSN 2636–9419
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
HG Finance
spellingShingle BP Islam. Bahaism. Theosophy, etc
HG Finance
Muhammad Shahrul Ifwat, Ishak
Azmir Azri, Ahmad
Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
description This study explores how far the element of maqasid al-Shari’ah is realized through the practice of Shari’ah governance in Malaysia. Among the main bodies in Islamic banking institutions, Shari’ah governance plays a vital role in ensuring that all financial activities comply with Shari’ah rulings and its objective. Based on library research, this study analyzes secondary sources including books, articles and related documents to obtain a clear picture of the element of maqasid al- shari’ah in Shari’ah governance. The findings reveal that two special maqasid have been realized through the practice of Shari’ah governance in Malaysia: ensuring the viability of Islamic banking institutions and promoting transparency. While this study is limited due to the lack of empirical analysis, it could be considered as being among the preliminary studies on the topic of maqasid al-Shari’ah in Shari’ah governance.
format Article
author Muhammad Shahrul Ifwat, Ishak
Azmir Azri, Ahmad
author_facet Muhammad Shahrul Ifwat, Ishak
Azmir Azri, Ahmad
author_sort Muhammad Shahrul Ifwat, Ishak
title Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
title_short Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
title_full Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
title_fullStr Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
title_full_unstemmed Realizing Maqasid Al-Shari’ah in Shari’ah governance: a case study of Islamic banking institutions Malaysia
title_sort realizing maqasid al-shari’ah in shari’ah governance: a case study of islamic banking institutions malaysia
publishDate 2020
url http://eprints.unisza.edu.my/7477/1/FH02-FPP-20-48558.pdf
http://eprints.unisza.edu.my/7477/
_version_ 1735391141587582976
score 13.211869

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