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Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia

Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to det...

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Main Author: Amanullah, Muhammad
Format: Article
Language:English
Published: IIUM Press 2015
Subjects:
HG1501 Banking
KBP1 Islamic law.Shariah.Fiqh
Online Access:http://irep.iium.edu.my/49545/1/49545.pdf
http://irep.iium.edu.my/49545/
http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/696
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spelling my.iium.irep.495452016-07-18T00:23:47Z http://irep.iium.edu.my/49545/ Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia Amanullah, Muhammad HG1501 Banking KBP1 Islamic law.Shariah.Fiqh Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to determine that the products, services, policies, guidelines and all other activities performed by the Islamic bank, are in compliance with the Sharī‘ah rulings. To perform their duty properly, the members of this board should possess certain criteria. Bangladesh Bank has spelled out some guidelines for these criteria briefly. Likewise, Bank Negara Malaysia has provided some guidelines. The main objectives of this research paper are to highlight the guidelines of these two banks on these criteria, compare them and evaluate them in light of Sharī‘ah guidelines on these criteria spelled out by contemporary Muslim jurists. IIUM Press 2015-12 Article REM application/pdf en http://irep.iium.edu.my/49545/1/49545.pdf Amanullah, Muhammad (2015) Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia. Intellectual Discourse, 23 (Spec.I). pp. 453-473. ISSN 0128-4878 http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/696
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG1501 Banking
KBP1 Islamic law.Shariah.Fiqh
spellingShingle HG1501 Banking
KBP1 Islamic law.Shariah.Fiqh
Amanullah, Muhammad
Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
description Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to determine that the products, services, policies, guidelines and all other activities performed by the Islamic bank, are in compliance with the Sharī‘ah rulings. To perform their duty properly, the members of this board should possess certain criteria. Bangladesh Bank has spelled out some guidelines for these criteria briefly. Likewise, Bank Negara Malaysia has provided some guidelines. The main objectives of this research paper are to highlight the guidelines of these two banks on these criteria, compare them and evaluate them in light of Sharī‘ah guidelines on these criteria spelled out by contemporary Muslim jurists.
format Article
author Amanullah, Muhammad
author_facet Amanullah, Muhammad
author_sort Amanullah, Muhammad
title Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_short Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_full Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_fullStr Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_full_unstemmed Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_sort criteria of sharī‘ah supervisory committee: a comparative study between guidelines of bangladesh bank and bank negara malaysia
publisher IIUM Press
publishDate 2015
url http://irep.iium.edu.my/49545/1/49545.pdf
http://irep.iium.edu.my/49545/
http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/696
_version_ 1643613554568331264
score 13.211869

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