Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective

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date 2016-09-21 21:02:06
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spelling 11123 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=11123 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 8 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in User user USER UsEr 2016-09-21 21:02:06 5323-01-FH02-FUHA-17-08389.pdf UniSZA Private Access Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective Journal of Applied Environmental and Biological Sciences This paper aims to examine the extent of the implementation of mualamat legal provisions in Islamic banking institutions in Malaysia. It seeks to ensure whether the operation and management of Islamic banks in this country comply with the Shariah requirement. Besides, it also aims to examine the extent of the laws’ effectiveness in overcoming encountered issues and problems. The author will use the qualitative method in analysing the data. This research will utilise the purposive sampling method to conduct the interview because the author will select the best group to be studied, comprising officers who are involved either directly or indirectly in Islamic banking. The case study method will be used to collect recorded data that are related to Islamic banking case reports. Therefore, to propose the future works about several approaches to appropriate solutions to responsible parties or bodies to ensure that Malaysia’s Islamic banking system can be implemented in a more comprehensive manner in line with Shariah requirements.This paper will provide a detailed overview of how far the currently applied legal provisions are able to resolve several issues that have long been acknowledged and whether there are new issues which may emerge. 6 10 7-14
spellingShingle Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
summary This paper aims to examine the extent of the implementation of mualamat legal provisions in Islamic banking institutions in Malaysia. It seeks to ensure whether the operation and management of Islamic banks in this country comply with the Shariah requirement. Besides, it also aims to examine the extent of the laws’ effectiveness in overcoming encountered issues and problems. The author will use the qualitative method in analysing the data. This research will utilise the purposive sampling method to conduct the interview because the author will select the best group to be studied, comprising officers who are involved either directly or indirectly in Islamic banking. The case study method will be used to collect recorded data that are related to Islamic banking case reports. Therefore, to propose the future works about several approaches to appropriate solutions to responsible parties or bodies to ensure that Malaysia’s Islamic banking system can be implemented in a more comprehensive manner in line with Shariah requirements.This paper will provide a detailed overview of how far the currently applied legal provisions are able to resolve several issues that have long been acknowledged and whether there are new issues which may emerge.
title Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_full Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_fullStr Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_full_unstemmed Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_short Challenges in Securing Shariah Compliance Issues among Islamic Financial Institutions: A Malaysian Perspective
title_sort challenges in securing shariah compliance issues among islamic financial institutions: a malaysian perspective