Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies

The Central Bank of Malaysia has issued Shariah Governance Framework for Islamic Financial Institutions (hereinafter referred to as “SGF”) which was effective starting from January 2011 brought a new dimension and evolution phase in Malaysian Islamic Banking. The issuance of SGF shows the commit...

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Main Authors:	Hassan, Rusni, Arifin, Mahamad, Othman, Ahmad Azam, Mohd Napiah, Mohammad Deen, Omar, Muhammad Naim, Yusoff, Adnan, Khatimin, Nuraini, Zaharim, Azami
Format:	Conference or Workshop Item
Language:	English
Published:	2013
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/38381/ http://irep.iium.edu.my/38381/ http://irep.iium.edu.my/38381/2/PROCEEDING_BOOK_WSEAS_ON_SURVEY.pdf

id	iium-38381
recordtype	eprints
spelling	iium-383812015-11-09T14:53:24Z http://irep.iium.edu.my/38381/ Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies Hassan, Rusni Arifin, Mahamad Othman, Ahmad Azam Mohd Napiah, Mohammad Deen Omar, Muhammad Naim Yusoff, Adnan Khatimin, Nuraini Zaharim, Azami K Law (General) The Central Bank of Malaysia has issued Shariah Governance Framework for Islamic Financial Institutions (hereinafter referred to as “SGF”) which was effective starting from January 2011 brought a new dimension and evolution phase in Malaysian Islamic Banking. The issuance of SGF shows the commitment of regulator in enhancing Shariah governance of Malaysian Islamic financial institutions. One of the requirements stipulated in SGF is the requirement for Islamic Financial Institution (hereinafter referred to as “IFI”) to have a robust Shariah compliance function which encompasses ShariahSecretariate, Shariah Review and Shariah Audit, Shariah Risk Management and Shariah Research functions. This study is intended to examine the approaches conducted by the Malaysian Islamic banks in implementing those functions. The finding of this study contributes towards establishing the effective mechanism in implementing Shariah Compliance function which in return beneficial to the industry 2013-02 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/38381/2/PROCEEDING_BOOK_WSEAS_ON_SURVEY.pdf Hassan, Rusni and Arifin, Mahamad and Othman, Ahmad Azam and Mohd Napiah, Mohammad Deen and Omar, Muhammad Naim and Yusoff, Adnan and Khatimin, Nuraini and Zaharim, Azami (2013) Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies. In: 7th WSEAS International Conference on Management, Marketing and Finance (MMF '13), 30 January - 1 Febuary 2013, Cambridge, MA USA. http://www.wseas.org/main/books/2013/CambridgeUSA/MMF.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	K Law (General)
spellingShingle	K Law (General) Hassan, Rusni Arifin, Mahamad Othman, Ahmad Azam Mohd Napiah, Mohammad Deen Omar, Muhammad Naim Yusoff, Adnan Khatimin, Nuraini Zaharim, Azami Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
description	The Central Bank of Malaysia has issued Shariah Governance Framework for Islamic Financial Institutions (hereinafter referred to as “SGF”) which was effective starting from January 2011 brought a new dimension and evolution phase in Malaysian Islamic Banking. The issuance of SGF shows the commitment of regulator in enhancing Shariah governance of Malaysian Islamic financial institutions. One of the requirements stipulated in SGF is the requirement for Islamic Financial Institution (hereinafter referred to as “IFI”) to have a robust Shariah compliance function which encompasses ShariahSecretariate, Shariah Review and Shariah Audit, Shariah Risk Management and Shariah Research functions. This study is intended to examine the approaches conducted by the Malaysian Islamic banks in implementing those functions. The finding of this study contributes towards establishing the effective mechanism in implementing Shariah Compliance function which in return beneficial to the industry
format	Conference or Workshop Item
author	Hassan, Rusni Arifin, Mahamad Othman, Ahmad Azam Mohd Napiah, Mohammad Deen Omar, Muhammad Naim Yusoff, Adnan Khatimin, Nuraini Zaharim, Azami
author_facet	Hassan, Rusni Arifin, Mahamad Othman, Ahmad Azam Mohd Napiah, Mohammad Deen Omar, Muhammad Naim Yusoff, Adnan Khatimin, Nuraini Zaharim, Azami
author_sort	Hassan, Rusni
title	Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
title_short	Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
title_full	Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
title_fullStr	Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
title_full_unstemmed	Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
title_sort	survey on implementation of internal shariah compliance function in malaysian islamic banks and takaful companies
publishDate	2013
url	http://irep.iium.edu.my/38381/ http://irep.iium.edu.my/38381/ http://irep.iium.edu.my/38381/2/PROCEEDING_BOOK_WSEAS_ON_SURVEY.pdf
first_indexed	2023-09-18T20:55:08Z
last_indexed	2023-09-18T20:55:08Z
_version_	1777410253659308032

Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies

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