The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.]
The legal framework of the Islamic financial system in Malaysia is subjected to civil law. This is because the Federal Constitution which divides the jurisdiction of the civil and shari’ah matters is silent on whether the Shari’ah Court has the power to hear cases or disputes relating to Islamic fin...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA Cawangan Selangor
2010
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/31075/ |
| _version_ | 1848807661205716992 |
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| author | Lateh, Najahudin Mohamed Adil, Mohamed Azam Md Rejab, Siti Noorbiah Sahri, Mardhiyyah |
| author_facet | Lateh, Najahudin Mohamed Adil, Mohamed Azam Md Rejab, Siti Noorbiah Sahri, Mardhiyyah |
| author_sort | Lateh, Najahudin |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | The legal framework of the Islamic financial system in Malaysia is subjected to civil law. This is because the Federal Constitution which divides the jurisdiction of the civil and shari’ah matters is silent on whether the Shari’ah Court has the power to hear cases or disputes relating to Islamic finance. As such, numerous interpretations of the Civil Court in contractual and financial applications are given. Some of them conflict with the Shari’ah law and rather emphasise on the usage of the civil law. Henceforth, this study will be focusing on the results and interpretations of the Civil Court in cases of Islamic finance and banking. Furthermore, the authors recommend some amendments to the Constitution and relevant Acts, to strengthen the laws relating to Islamic finance and to enhance the role of the Shari’ah Court. |
| first_indexed | 2025-11-14T22:46:22Z |
| format | Article |
| id | uitm-31075 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:46:22Z |
| publishDate | 2010 |
| publisher | Universiti Teknologi MARA Cawangan Selangor |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-310752022-12-29T02:41:58Z https://ir.uitm.edu.my/id/eprint/31075/ The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] mar Lateh, Najahudin Mohamed Adil, Mohamed Azam Md Rejab, Siti Noorbiah Sahri, Mardhiyyah HF Commerce Accounting. Bookkeeping The legal framework of the Islamic financial system in Malaysia is subjected to civil law. This is because the Federal Constitution which divides the jurisdiction of the civil and shari’ah matters is silent on whether the Shari’ah Court has the power to hear cases or disputes relating to Islamic finance. As such, numerous interpretations of the Civil Court in contractual and financial applications are given. Some of them conflict with the Shari’ah law and rather emphasise on the usage of the civil law. Henceforth, this study will be focusing on the results and interpretations of the Civil Court in cases of Islamic finance and banking. Furthermore, the authors recommend some amendments to the Constitution and relevant Acts, to strengthen the laws relating to Islamic finance and to enhance the role of the Shari’ah Court. Universiti Teknologi MARA Cawangan Selangor 2010-06 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/31075/2/31075.pdf Lateh, Najahudin and Mohamed Adil, Mohamed Azam and Md Rejab, Siti Noorbiah and Sahri, Mardhiyyah (2010) The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.]. (2010) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29.html>, 9 (1). pp. 1-13. ISSN 2550-1895 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/239 |
| spellingShingle | HF Commerce Accounting. Bookkeeping Lateh, Najahudin Mohamed Adil, Mohamed Azam Md Rejab, Siti Noorbiah Sahri, Mardhiyyah The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title | The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title_full | The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title_fullStr | The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title_full_unstemmed | The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title_short | The legal framework of the Islamic financial system: a study on the cases in Malaysia / Najahudin Lateh … [et al.] |
| title_sort | legal framework of the islamic financial system: a study on the cases in malaysia / najahudin lateh … [et al.] |
| topic | HF Commerce Accounting. Bookkeeping |
| url | https://ir.uitm.edu.my/id/eprint/31075/ https://ir.uitm.edu.my/id/eprint/31075/ |