Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia

An important factor that makes Islamic banking and finance different from conventional banking and finance is that the Islamic one follows the rules of Islamic Shari`ah, while the conventional one does not do so. In order for Islamic banking and finance to be certain that they are following the Shar...

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Main Author:	Amanullah, Muhammad
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/40223/ http://irep.iium.edu.my/40223/ http://irep.iium.edu.my/40223/3/int_conf_on_islamic_jurisprudence_in_the_21st_century2014.pdf http://irep.iium.edu.my/40223/4/Criteria_of_Shariah.doc.pdf

id	iium-40223
recordtype	eprints
spelling	iium-402232018-06-18T15:10:32Z http://irep.iium.edu.my/40223/ Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia Amanullah, Muhammad KBP1 Islamic law.Shariah.Fiqh An important factor that makes Islamic banking and finance different from conventional banking and finance is that the Islamic one follows the rules of Islamic Shari`ah, while the conventional one does not do so. In order for Islamic banking and finance to be certain that they are following the Shari`ah rulings, they must have a Shari`ah supervisory board. An important duty of this board is to determine that the products, services, policies and guidelines and all other activities of an Islamic bank are in compliance with the Shari`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 also has provided some guidelines. Following analytical, comparative and critical methods 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 Shari`ah guidelines on these criteria spelled out by contemporary Muslim jurists. This paper is divided into following sections: introduction, criteria of the members of Shari`ah supervisory board according to contemporary Muslim jurists, evaluation of the guidelines of Bangladesh Bank on these criteria, evaluation of the guidelines of Bank Negara Malaysia on these criteria, comparison between the guidelines of Bangladesh Bank on these criteria and that of Bank Negara Malaysia. 2014-09-23 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/40223/3/int_conf_on_islamic_jurisprudence_in_the_21st_century2014.pdf application/pdf en http://irep.iium.edu.my/40223/4/Criteria_of_Shariah.doc.pdf Amanullah, Muhammad (2014) Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia. In: 5th International Conference on Islamic Jurisprudence in the 21st Century 2014 , 23rd-25th September 2014, Gombak, Kuala Lumpur. (Unpublished) http://www3.iium.edu.my/irkhs/icij2014/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	KBP1 Islamic law.Shariah.Fiqh
spellingShingle	KBP1 Islamic law.Shariah.Fiqh Amanullah, Muhammad Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
description	An important factor that makes Islamic banking and finance different from conventional banking and finance is that the Islamic one follows the rules of Islamic Shari`ah, while the conventional one does not do so. In order for Islamic banking and finance to be certain that they are following the Shari`ah rulings, they must have a Shari`ah supervisory board. An important duty of this board is to determine that the products, services, policies and guidelines and all other activities of an Islamic bank are in compliance with the Shari`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 also has provided some guidelines. Following analytical, comparative and critical methods 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 Shari`ah guidelines on these criteria spelled out by contemporary Muslim jurists. This paper is divided into following sections: introduction, criteria of the members of Shari`ah supervisory board according to contemporary Muslim jurists, evaluation of the guidelines of Bangladesh Bank on these criteria, evaluation of the guidelines of Bank Negara Malaysia on these criteria, comparison between the guidelines of Bangladesh Bank on these criteria and that of Bank Negara Malaysia.
format	Conference or Workshop Item
author	Amanullah, Muhammad
author_facet	Amanullah, Muhammad
author_sort	Amanullah, Muhammad
title	Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_short	Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_full	Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_fullStr	Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_full_unstemmed	Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia
title_sort	criteria of shari`ah supervisory board: a comparative study between guidelines of bangladesh bank and bank negara malaysia
publishDate	2014
url	http://irep.iium.edu.my/40223/ http://irep.iium.edu.my/40223/ http://irep.iium.edu.my/40223/3/int_conf_on_islamic_jurisprudence_in_the_21st_century2014.pdf http://irep.iium.edu.my/40223/4/Criteria_of_Shariah.doc.pdf
first_indexed	2023-09-18T20:57:41Z
last_indexed	2023-09-18T20:57:41Z
_version_	1777410414369308672

Criteria of Shari`ah supervisory board: a comparative study between guidelines of Bangladesh Bank and Bank Negara Malaysia

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