Scrutinizing the Malaysian regulatory framework on Shari’ah advisors for Islamic financial institutions

• Main Authors: Hassan, Rusni, Hussain, Mohammad Azam
• Format: Article
• Language: English
• Published: IIUM Institute of Islamic Banking and Finance 2013
• Subjects: K Law (General); KPG Malaysia
• Online Access: http://irep.iium.edu.my/36289/1/Framework_for_Shariah_Advisor-Journal_of_Islamic_Finance%2C_IIUM_IIiBF.pdf; http://irep.iium.edu.my/36289/; http://www.iium.edu.my/iiibf/research-publication/journal
• Institution: Universiti Islam Antarabangsa Malaysia

Islamic banking, takaful and Islamic Capital Market are the main component of Islamic financial system in Malaysia. Shari’ah compliance is one of the attributes to distinguish Islamic Financial Institutions (IFIs) from its counterpart. Adherence to Shari’ah principles is fundamental to the operati...