Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013

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building INTELEK Repository
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collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2014-11-06 11:32:43
format Restricted Document
id 10528
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originalfilename 4563-01-FH02-FESP-14-02049.pdf
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resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=10528
spelling 10528 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=10528 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 21 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in 2014-11-06 11:32:43 4563-01-FH02-FESP-14-02049.pdf UniSZA Private Access Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013 International Journal of Business and Social Science Takaful business in Malaysia is governed by Islamic Financial Services Act 2013 which provides for the regulations of Takaful and other Islamic finance related business in Malaysia. However, the Act itself is not comprehensive and are relying on many other established Acts that mostly based on the principles of English Common Law. Hence, this paper will evaluate the Islamic ruling of applying the Common Law in the Act based on the Islamic doctrine al-’Urf. The analysis finds that the application of the Common Law in Islamic Financial Services Act is generally permissible provided that the rules do not contradict with any existing Islamic texts. 0 1-21
spellingShingle Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
summary Takaful business in Malaysia is governed by Islamic Financial Services Act 2013 which provides for the regulations of Takaful and other Islamic finance related business in Malaysia. However, the Act itself is not comprehensive and are relying on many other established Acts that mostly based on the principles of English Common Law. Hence, this paper will evaluate the Islamic ruling of applying the Common Law in the Act based on the Islamic doctrine al-’Urf. The analysis finds that the application of the Common Law in Islamic Financial Services Act is generally permissible provided that the rules do not contradict with any existing Islamic texts.
title Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
title_full Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
title_fullStr Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
title_full_unstemmed Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
title_short Legitimacy of Adapting Common Law in Islamic Financial Services Act 2013
title_sort legitimacy of adapting common law in islamic financial services act 2013