The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.]
In Malaysia, the Central Bank is vested with comprehensive legal powers to regulate and supervise the financial system by the Central Bank of Malaysia Act (CBMA) 1958. As for Islamic banks, it is regulated and licensed under a separate legal framework, namely the Islamic Banking Act (IBA) 1983. The...
| Main Authors: | , , , |
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| Format: | Student Project |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/31773/ |
| _version_ | 1848807846803668992 |
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| author | Castelo, Aleziana Carolina Vermol, Frida Mojiliu, Leona Dominic Sainy, Mervyn@Hasan |
| author_facet | Castelo, Aleziana Carolina Vermol, Frida Mojiliu, Leona Dominic Sainy, Mervyn@Hasan |
| author_sort | Castelo, Aleziana Carolina |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | In Malaysia, the Central Bank is vested with comprehensive legal powers to regulate and supervise the financial system by the Central Bank of Malaysia Act (CBMA) 1958. As for Islamic banks, it is regulated and licensed under a separate legal framework, namely the Islamic Banking Act (IBA) 1983. The Act therefore accords flexibility to Islamic banks to undertake a broad range of Syariah compliant banking business. In addition, the Banking and Financial Institution (BAFIA) 1989 allows conventional banking institutions to conduct Islamic banking business via 'Islamic windows'. The S^jiah-compiiance is being the apex of the Islamic financial system in Malaysia. In realizing to its significance, the CeritmhBanking Act was amended to accord the Syariah Advisory Council (SAC) of the Bank Negara Malaysia, the sole authoritative body on matters pertaining to Syariah in Islamic banking. |
| first_indexed | 2025-11-14T22:49:19Z |
| format | Student Project |
| id | uitm-31773 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:49:19Z |
| publishDate | 2009 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-317732020-07-27T05:52:38Z https://ir.uitm.edu.my/id/eprint/31773/ The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] Castelo, Aleziana Carolina Vermol, Frida Mojiliu, Leona Dominic Sainy, Mervyn@Hasan Finance, Islamic In Malaysia, the Central Bank is vested with comprehensive legal powers to regulate and supervise the financial system by the Central Bank of Malaysia Act (CBMA) 1958. As for Islamic banks, it is regulated and licensed under a separate legal framework, namely the Islamic Banking Act (IBA) 1983. The Act therefore accords flexibility to Islamic banks to undertake a broad range of Syariah compliant banking business. In addition, the Banking and Financial Institution (BAFIA) 1989 allows conventional banking institutions to conduct Islamic banking business via 'Islamic windows'. The S^jiah-compiiance is being the apex of the Islamic financial system in Malaysia. In realizing to its significance, the CeritmhBanking Act was amended to accord the Syariah Advisory Council (SAC) of the Bank Negara Malaysia, the sole authoritative body on matters pertaining to Syariah in Islamic banking. 2009 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/31773/1/31773.pdf Castelo, Aleziana Carolina and Vermol, Frida and Mojiliu, Leona Dominic and Sainy, Mervyn@Hasan (2009) The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.]. (2009) [Student Project] (Unpublished) |
| spellingShingle | Finance, Islamic Castelo, Aleziana Carolina Vermol, Frida Mojiliu, Leona Dominic Sainy, Mervyn@Hasan The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title | The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title_full | The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title_fullStr | The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title_full_unstemmed | The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title_short | The law of Islamic banking in Malaysia: the legal reality / Aleziana Carolina Castelo…[et al.] |
| title_sort | law of islamic banking in malaysia: the legal reality / aleziana carolina castelo…[et al.] |
| topic | Finance, Islamic |
| url | https://ir.uitm.edu.my/id/eprint/31773/ |