The role of financial regulator in protecting bank consumers from unfair contract terms: the case of Malaysian Islamic banks

QR Code

The role of financial regulator in protecting bank consumers from unfair contract terms: the case of Malaysian Islamic banks

This chapter aims to examine Bank Negara Malaysia’s (BNM) approach in fulfilling its financial consumer protection mandate from unfair contract terms and the statutory framework relevant for consumer protection in the domestic market. This is a qualitative-based research. Using content analysis, thi...

Full description

Bibliographic Details
Main Authors:	Abu Bakar, Noor Mahinar, Mohd Yasin, Norhashimah, Razali, Siti Salwani, Ng, See Teong
Other Authors:	Oseni, Umar A.
Format:	Book Chapter
Language:	English
Published:	Emerald Publishing Limited 2019
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/77497/ http://irep.iium.edu.my/77497/1/77497_The%20role%20of%20financial%20regulator.pdf

Similar Items

How does values-based banking counter unfair terms in consumer contracts and notices in Islamic banks in Malaysia?
by: Abu Bakar, Noor Mahinar, et al.
Published: (2017)

Unfair terms in Islamic banking contracts: realizing Maqasid al-Shariah towards banking consumer protection in Malaysia
by: Abu Bakar, Noor Mahinar, et al.
Published: (2016)

Inadequacy of consumer protections from unfair contract terms in Musharakah Mutanaqisah home financing in Malaysia
by: Mat Ali, Syuhaeda, et al.
Published: (2017)

Consumer Rights Act 2015 (United Kingdom): is it a good model in protecting banking consumers from unfair terms in Islamic banking consumer contractsin Malaysia?
by: Noor Mahinar Abu Bakar,, et al.
Published: (2018)

Consumer Rights Act 2015(United Kingdom):Is it a good model in practising banking consumers from unfair terms in Islamic banking consumer contracts in Malaysia? = Consumer Rights Act 2015 (United Kingdom): Adakah ia model yang baik perlindungan konsumer perbankan daripada terma tidak adil dalam kontrak konsumer perbankan Islam di Malaysia?
by: Abu Bakar, Noor Mahinar, et al.
Published: (2018)

Dispute resolution over unfair contract terms in Islamic banking consumer contracts: a study of shariah compliant laws in Malaysia and the United Kingdom law
by: Abu Bakar, Noor Mahinar, et al.
Published: (2018)

Financial consumers protection regime in Malaysia: main guidelines issued by Bank Negara Malaysia
by: Hassan, Rusni, et al.
Published: (2019)

Unfair contract terms in consumer contracts
by: Nahan, N., et al.
Published: (2013)

Protection of financial consumer in consumer credit industry: The role of Central Bank of Malaysia under the Financial Services Act 2013
by: Ilias, Ibtisam @ Ilyana, et al.
Published: (2017)

The influential role of financial reporting regulations on the disclosure levels of Islamic Banks in selected jurisdictions
by: Hazaa, Hani HazaaAbdulbari, et al.
Published: (2020)

Protecting consumers against unfair contract terms in Malaysia: the Consumer Protection (Amendment) Act 2010
by: Amin, Naemah
Published: (2013)

Protecting consumers against unfair contract terms in Malaysia: The Consumer Protection (Amendment) Act 2010
by: Amin, Naemah
Published: (2012)

The impact of zakat contribution on the financial performance of Islamic banks in Malaysia
by: Rosman, Romzie, et al.
Published: (2019)

Critical financial analysis of Islamic bank in the Philippines: case study of Amanah Islamic bank
by: Ibrahim, Hasmiene Diocolano, et al.
Published: (2018)

Bank performance and shari’ah supervisory board attributes by Islamic banks: Does bank size matter?
by: Nomran, Naji Mansour, et al.
Published: (2017)

Methodology on the trend of underlying shariah contracts and legal disputes of decided Islamic banking cases in Malaysia
by: Ahmad Pauzi, Nur Faakihin, et al.
Published: (2019)

Demystifying the contractual duty of care of Islamic banks in Malaysia
by: Abu Bakar, Noor Mahinar, et al.
Published: (2019)

Regulation of Islamic banks and allegations of lax control of money-laundering
by: Mohd. Yasin, Norhashimah
Published: (2011)

Measuring bank stability: a comparative analysis between Islamic and conventional banks in Malaysia
by: Abdul Karim, Norzitah, et al.
Published: (2018)

Reporting of profit sharing investment account in financial statement of Islamic banking institution
by: Rosman, Romzie, et al.
Published: (2019)

Commodity and financial market trends and the growth of bank assets: the case of equity-based banking
by: Haque, Ahasanul, et al.
Published: (2019)

Dual board governance structure and multi-bank performance: a comparative analysis between Islamic banks in Southeast Asia and GCC countries
by: Nomran, Naji, et al.
Published: (2019)

Social responsibilities of Islamic banks case study of bank Islam Malaysia Bhd & Bank Muamalat Malaysia Bhd
by: Musa, Muhammad Adli
Published: (2016)

The impact of customer due diligence in the Islamic banking institutions in Malaysia: a legal perspective
by: Raja Alias, Raja Madihah, et al.
Published: (2018)

An analysis of maslahah based resolutions issued by Bank Negara Malaysia
by: Haron, Razali, et al.
Published: (2019)

Mobile app glossary of terms in Islamic banking and finance (Arabic-Malay-English) via iOS & android based devices
by: Dollah, Nafi@Hanafi, et al.
Published: (2016)

Types of chicaneries regarding murabaha contracts in Islamic banks an analytical study صور الحيل في عقود المرابحة في المصارف الإسلامية دراسة تحليلية.
by: Saleh, Abdulmajid Obaid Hasan, et al.
Published: (2019)

Board size, chief risk officer and risk-taking in Islamic banks: role of shariah supervisory board(Saiz Lembaga Pengarah, Ketua Pegawai Risiko dan Pengambilan Risiko di Bank-bank Islam: Peranan Lembaga Penyeliaan Syariah)
by: Najwa, Nur Athirah, et al.
Published: (2019)

Consumer protection in Indonesian banking industry
by: Aryatie, Indira Retno, et al.
Published: (2015)

Towards banking jurisprudence: Understanding Islamic banking products in Malaysia
by: Mohd Yunus, Saidatolakma, et al.
Published: (2017)

Islamic banks and money laundering in Malaysia: a legal compliance perspective
by: Mohd Yasin, Norhashimah, et al.
Published: (2019)

Hisbah as a consumer protection institution in Malaysia: a special reference to Islamic consumer credit industry
by: Hassan, Rusni, et al.
Published: (2019)

The impact of bank regulation and supervision on banking performance following the global financial crisis
by: SI, ZIYU
Published: (2016)

Shari’ah governance for Islamic banking: evidence from diverse regulatory environments
by: Haron, Razali, et al.
Published: (2020)

Influencing the mind of the consumers: the role of the law and the regulators in controlling credit advertisement
by: Hassan, Rusni, et al.
Published: (2019)

Service quality of Islamic banks: satisfaction, loyalty and the mediating role of trust
by: Haron, Razali, et al.
Published: (2020)

تطبيق مقاصد الشريعة: الوسطية كأقوى جانب في العلاقة بين المصارف الإسلامية الماليزية والمتعامل معها = The application of Maqāṣid al-Sharī‘ah: Wasaṭiyyah as a significant aspect in the banker-customer relationship in Malaysian Islamic banks
by: Abu Bakar, Noor Mahinar, et al.
Published: (2017)

Islamic banking business of conventional banks: transition from windows to Islamic subsidiaries
by: Ramadili Mohd, Shamsher Mohamad, et al.
Published: (2017)

Does corporate governance affect the performance of Islamic banks? new insight into Islamic countries
by: Aslam, Ejaz, et al.
Published: (2020)

Exploring the challenges of conventional banking practices and prospects of introducing an Islamic banking in Tajikistan: using qualitative approach
by: Ashurov, Sharofiddin, et al.
Published: (2018)