Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to det...
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| Format: | Article |
| Language: | English |
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IIUM Press
2015
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| Online Access: | http://irep.iium.edu.my/49545/ http://irep.iium.edu.my/49545/1/49545.pdf |
| _version_ | 1848783474247335936 |
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| author | Amanullah, Muhammad |
| author_facet | Amanullah, Muhammad |
| author_sort | Amanullah, Muhammad |
| building | IIUM Repository |
| collection | Online Access |
| description | Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to determine that the products, services, policies, guidelines and all other activities performed by the Islamic bank, are in compliance with the Sharī‘ah rulings. To perform their duty properly, the members of this board should possess certain criteria. Bangladesh Bank has spelled out some guidelines for these criteria briefly. Likewise, Bank Negara Malaysia has provided some guidelines. The main objectives of this research paper are to highlight the guidelines of these two banks on these criteria, compare them and evaluate them in light of Sharī‘ah guidelines on these criteria spelled out by contemporary Muslim jurists. |
| first_indexed | 2025-11-14T16:21:55Z |
| format | Article |
| id | iium-49545 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:21:55Z |
| publishDate | 2015 |
| publisher | IIUM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-495452016-07-18T00:23:47Z http://irep.iium.edu.my/49545/ Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia Amanullah, Muhammad HG1501 Banking KBP1 Islamic law.Shariah.Fiqh Islamic banking and finance differs from conventional banking and finance in that it follows the rules of Sharī‘ah. In order to ensure that Islamic banking and finance follows the Sharī‘ah rulings, it is essential for it to have a Sharī‘ah supervisory board. An important duty of this board is to determine that the products, services, policies, guidelines and all other activities performed by the Islamic bank, are in compliance with the Sharī‘ah rulings. To perform their duty properly, the members of this board should possess certain criteria. Bangladesh Bank has spelled out some guidelines for these criteria briefly. Likewise, Bank Negara Malaysia has provided some guidelines. The main objectives of this research paper are to highlight the guidelines of these two banks on these criteria, compare them and evaluate them in light of Sharī‘ah guidelines on these criteria spelled out by contemporary Muslim jurists. IIUM Press 2015-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/49545/1/49545.pdf Amanullah, Muhammad (2015) Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia. Intellectual Discourse, 23 (Spec.I). pp. 453-473. ISSN 0128-4878 E-ISSN 2289-5639 http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/696 |
| spellingShingle | HG1501 Banking KBP1 Islamic law.Shariah.Fiqh Amanullah, Muhammad Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title | Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title_full | Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title_fullStr | Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title_full_unstemmed | Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title_short | Criteria of Sharī‘ah supervisory committee: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia |
| title_sort | criteria of sharī‘ah supervisory committee: a comparative study between guidelines of bangladesh bank and bank negara malaysia |
| topic | HG1501 Banking KBP1 Islamic law.Shariah.Fiqh |
| url | http://irep.iium.edu.my/49545/ http://irep.iium.edu.my/49545/ http://irep.iium.edu.my/49545/1/49545.pdf |