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Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia

The d evelopment of I slamic b anking and finance s ector i n M alaysia needs support infrastructure and one of the most important structures is the Shariah Committee. Good governance of the Shariah Committee is the very essence in the development of Islamic banking and finance sector in Malaysia...

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Main Authors: Zulkifli Hasan, Syaryanti Hussin, Norfadhilah Mohd Ali
Format: Research Report
Language:English
Published: Kolej Universiti Islam Malaysia 2015
Online Access:http://ddms.usim.edu.my/handle/123456789/7909
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spelling my.usim-79092015-03-31T02:56:23Z Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia Zulkifli Hasan Syaryanti Hussin Norfadhilah Mohd Ali The d evelopment of I slamic b anking and finance s ector i n M alaysia needs support infrastructure and one of the most important structures is the Shariah Committee. Good governance of the Shariah Committee is the very essence in the development of Islamic banking and finance sector in Malaysia. The Shariah Committee normally consists offiqh scholars, practitioners and academicians with knowledge and expertise in Islamic jurisprudence in order to advise Islamic financial institutions on the shariah compliance in all aspects and its operations. This research explores the shariah and legal frameworks of the Shariah Committee of Islamic financial institution in Malaysia with reference to the relevant statutory legislation, Central Bank of Malaysia's Guidelines and Procedures including interviews with the practitioners and distributing questionnaires. It is submitted that Malaysia has set up an effective frameworks in the implementation of Islamic banking and finance and this research offers some recommendations for further improvement. 2015-03-31T02:56:23Z 2015-03-31T02:56:23Z 2006-07-01 Research Report http://ddms.usim.edu.my/handle/123456789/7909 en Kolej Universiti Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
description The d evelopment of I slamic b anking and finance s ector i n M alaysia needs support infrastructure and one of the most important structures is the Shariah Committee. Good governance of the Shariah Committee is the very essence in the development of Islamic banking and finance sector in Malaysia. The Shariah Committee normally consists offiqh scholars, practitioners and academicians with knowledge and expertise in Islamic jurisprudence in order to advise Islamic financial institutions on the shariah compliance in all aspects and its operations. This research explores the shariah and legal frameworks of the Shariah Committee of Islamic financial institution in Malaysia with reference to the relevant statutory legislation, Central Bank of Malaysia's Guidelines and Procedures including interviews with the practitioners and distributing questionnaires. It is submitted that Malaysia has set up an effective frameworks in the implementation of Islamic banking and finance and this research offers some recommendations for further improvement.
format Research Report
author Zulkifli Hasan
Syaryanti Hussin
Norfadhilah Mohd Ali
spellingShingle Zulkifli Hasan
Syaryanti Hussin
Norfadhilah Mohd Ali
Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
author_facet Zulkifli Hasan
Syaryanti Hussin
Norfadhilah Mohd Ali
author_sort Zulkifli Hasan
title Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
title_short Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
title_full Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
title_fullStr Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
title_full_unstemmed Shariah And Legal Frameworks Of The Shariah Committee In The Islamic Financial Institutions In Malaysia
title_sort shariah and legal frameworks of the shariah committee in the islamic financial institutions in malaysia
publisher Kolej Universiti Islam Malaysia
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/7909
_version_ 1645152296537948160
score 13.211869

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