Cover Image

The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis

The Shariah Committee (SC) is entrusted with the duties and responsibilities to ensure that the Islamic banking and Takaful institutions comply with the Shariah principles in its operations and business activities.The procedures of appointment and cessation are among the important points that shoul...

Full description

Saved in:
Bibliographic Details
Main Authors: Hussain, Mohammad Azam, Hassan, Rusni, Azhar, Alias
Format: Article
Language:English
Published: EconJournals 2016
Subjects:
HG Finance
K Law (General)
Online Access:http://repo.uum.edu.my/20727/1/IJEFI%206%20S7%202016%20266%20270.pdf
http://repo.uum.edu.my/20727/
http://www.econjournals.com/index.php/ijefi/article/view/3618
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.repo.20727
record_format eprints
spelling my.uum.repo.207272017-01-23T01:04:38Z http://repo.uum.edu.my/20727/ The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias HG Finance K Law (General) The Shariah Committee (SC) is entrusted with the duties and responsibilities to ensure that the Islamic banking and Takaful institutions comply with the Shariah principles in its operations and business activities.The procedures of appointment and cessation are among the important points that should be discussed in relation to the SC.Such elements reflect the effectiveness, objectivity and independence of the SC in discharging their duties.In Malaysia the appointment, re-appointment and cessation of the member of the SC are regulated by legislations governing Islamic financial business.With the objective to scrutinize the procedures prescribed by legislations, this study adopted legal research method.By using content analysis, the study found that several loopholes existed in the existing legislations which should be addressed by relevant authoritative.This is significant in order to strengthen the legal framework as well as to avoid any legal conflict in the future. EconJournals 2016 Article PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/20727/1/IJEFI%206%20S7%202016%20266%20270.pdf Hussain, Mohammad Azam and Hassan, Rusni and Azhar, Alias (2016) The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis. International Journal of Economics and Financial Issues, 6 (S7). pp. 266-270. ISSN 2146-4138 http://www.econjournals.com/index.php/ijefi/article/view/3618
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
K Law (General)
spellingShingle HG Finance
K Law (General)
Hussain, Mohammad Azam
Hassan, Rusni
Azhar, Alias
The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
description The Shariah Committee (SC) is entrusted with the duties and responsibilities to ensure that the Islamic banking and Takaful institutions comply with the Shariah principles in its operations and business activities.The procedures of appointment and cessation are among the important points that should be discussed in relation to the SC.Such elements reflect the effectiveness, objectivity and independence of the SC in discharging their duties.In Malaysia the appointment, re-appointment and cessation of the member of the SC are regulated by legislations governing Islamic financial business.With the objective to scrutinize the procedures prescribed by legislations, this study adopted legal research method.By using content analysis, the study found that several loopholes existed in the existing legislations which should be addressed by relevant authoritative.This is significant in order to strengthen the legal framework as well as to avoid any legal conflict in the future.
format Article
author Hussain, Mohammad Azam
Hassan, Rusni
Azhar, Alias
author_facet Hussain, Mohammad Azam
Hassan, Rusni
Azhar, Alias
author_sort Hussain, Mohammad Azam
title The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
title_short The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
title_full The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
title_fullStr The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
title_full_unstemmed The procedures of appointment and cessation of the shariah committee member of the Islamic banks and takaful companies in Malaysia: legal analysis
title_sort procedures of appointment and cessation of the shariah committee member of the islamic banks and takaful companies in malaysia: legal analysis
publisher EconJournals
publishDate 2016
url http://repo.uum.edu.my/20727/1/IJEFI%206%20S7%202016%20266%20270.pdf
http://repo.uum.edu.my/20727/
http://www.econjournals.com/index.php/ijefi/article/view/3618
_version_ 1644283038553604096
score 13.211869

Similar Items