The Challenges of Shariah Compliance in the Islamic Banking Practices: Whether Ibn-Al Qayyim’s Principles of Muamalat be the Panacea?

• Main Authors: Moctar Moussa Djibrilla, Ahmad Hidayat Buang, Abdul Azzez Maruf Olayemi
• Format: Article
• Language: English
• Published: Universiti Sains Islam Malaysia 2018
• Subjects: Islamic banking, shariah compliance, principles of Ibn Qayyim.
• Online Access: http://ddms.usim.edu.my:80/jspui/handle/123456789/15825
• Institution: Universiti Sains Islam Malaysia

The practices of Islamic banks under diverse economic and legal system across the world constitute challenges to its shariah compliance regime which is the hallmark of its uniqueness. This study presents some of the factors that militate against the shariah compliance requirement and it proposes...