The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank
This article analyzes the important roles of Islamic financial institutions (IFIs) in combating money laundering with a special focus on the Agrobank. This article describes the legal and regulatory framework governing Islamic financial institutions and the conventional financial institutions to see...
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/70710/ http://irep.iium.edu.my/70710/1/70710_The%20important%20roles%20of%20islamic%20financial%20institutions_complete_new.pdf |
| _version_ | 1848787337123725312 |
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| author | Mansin, Mohd Bukhari Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram |
| author_facet | Mansin, Mohd Bukhari Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram |
| author_sort | Mansin, Mohd Bukhari |
| building | IIUM Repository |
| collection | Online Access |
| description | This article analyzes the important roles of Islamic financial institutions (IFIs) in combating money laundering with a special focus on the Agrobank. This article describes the legal and regulatory framework governing Islamic financial institutions and the conventional financial institutions to see whether there are any major or minor differences concerning the duties and responsibilities of the bankers with special emphasis on anti-money laundering and counter financing of terrorism (AML/CFT) perspective. This article argues that in reality, the burden shared by Islamic financial institutions in relation to anti-money laundering and counter financing of terrorism is higher due to reputation risk that is associated to Islamic financial institutions. This article also analyzes the shariah perspective of money laundering. |
| first_indexed | 2025-11-14T17:23:19Z |
| format | Proceeding Paper |
| id | iium-70710 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:23:19Z |
| publishDate | 2018 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-707102019-03-05T03:29:01Z http://irep.iium.edu.my/70710/ The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank Mansin, Mohd Bukhari Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram K Law (General) KPG Malaysia This article analyzes the important roles of Islamic financial institutions (IFIs) in combating money laundering with a special focus on the Agrobank. This article describes the legal and regulatory framework governing Islamic financial institutions and the conventional financial institutions to see whether there are any major or minor differences concerning the duties and responsibilities of the bankers with special emphasis on anti-money laundering and counter financing of terrorism (AML/CFT) perspective. This article argues that in reality, the burden shared by Islamic financial institutions in relation to anti-money laundering and counter financing of terrorism is higher due to reputation risk that is associated to Islamic financial institutions. This article also analyzes the shariah perspective of money laundering. 2018-12 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/70710/1/70710_The%20important%20roles%20of%20islamic%20financial%20institutions_complete_new.pdf Mansin, Mohd Bukhari and Zul Kepli, Mohd Yazid and Puniran, Mohd Noor Ikram (2018) The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank. In: The 8th International Conference on Postgraduate Education 2018, Universiti Malaysia Terengganu, Kuala Terengganu Malaysia. (Unpublished) |
| spellingShingle | K Law (General) KPG Malaysia Mansin, Mohd Bukhari Zul Kepli, Mohd Yazid Puniran, Mohd Noor Ikram The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title | The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title_full | The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title_fullStr | The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title_full_unstemmed | The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title_short | The important roles of islamic financial institutions in combatting money laundering: a case study of Agrobank |
| title_sort | important roles of islamic financial institutions in combatting money laundering: a case study of agrobank |
| topic | K Law (General) KPG Malaysia |
| url | http://irep.iium.edu.my/70710/ http://irep.iium.edu.my/70710/1/70710_The%20important%20roles%20of%20islamic%20financial%20institutions_complete_new.pdf |