The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues

In Malaysia, the appointment of members to the Shariah Advisory Council of Central Bank of Malaysia is prescribed by Central Bank of Malaysia Act 2009 (Act 701). The Act stipulates the provisions pertaining to the eligible persons to be appointed to the Shariah Advisory Council, procedures, terms an...

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Main Authors:	Hussain, Mohammad Azam, Hassan, Rusni, Azhar, Alias, Hasan, Aznan
Format:	Conference or Workshop Item
Language:	English
Published:	2015
Subjects:	HG1501 Banking KPG Malaysia
Online Access:	http://irep.iium.edu.my/49145/ http://irep.iium.edu.my/49145/ http://irep.iium.edu.my/49145/1/49145.pdf

id	iium-49145
recordtype	eprints
spelling	iium-491452017-12-06T04:23:30Z http://irep.iium.edu.my/49145/ The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias Hasan, Aznan HG1501 Banking KPG Malaysia In Malaysia, the appointment of members to the Shariah Advisory Council of Central Bank of Malaysia is prescribed by Central Bank of Malaysia Act 2009 (Act 701). The Act stipulates the provisions pertaining to the eligible persons to be appointed to the Shariah Advisory Council, procedures, terms and conditions of appointment and also remuneration and allowances for the members of the Shariah Advisory Council. In this regard, the question arises whether the prescribed provisions are sufficient to regulate the appointment of members to the Shariah Advisory Council and free from any shortcomings. By using legal research methodology, this article analyse the entire provisions dealing with the appointment matter. This study found that, several loopholes exist in the statutory requirement of the existing law which need to be addressed by respective authoritative body in order to avoid any legal conflict in the future. 2015 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/49145/1/49145.pdf Hussain, Mohammad Azam and Hassan, Rusni and Azhar, Alias and Hasan, Aznan (2015) The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues. In: The 8th UUM International Legal Conference 2015, 25th -26th Aug. 2015, Golden Flower Hotel, Bandung, Indonesia. http://lawconference.uum.edu.my/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking KPG Malaysia
spellingShingle	HG1501 Banking KPG Malaysia Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias Hasan, Aznan The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
description	In Malaysia, the appointment of members to the Shariah Advisory Council of Central Bank of Malaysia is prescribed by Central Bank of Malaysia Act 2009 (Act 701). The Act stipulates the provisions pertaining to the eligible persons to be appointed to the Shariah Advisory Council, procedures, terms and conditions of appointment and also remuneration and allowances for the members of the Shariah Advisory Council. In this regard, the question arises whether the prescribed provisions are sufficient to regulate the appointment of members to the Shariah Advisory Council and free from any shortcomings. By using legal research methodology, this article analyse the entire provisions dealing with the appointment matter. This study found that, several loopholes exist in the statutory requirement of the existing law which need to be addressed by respective authoritative body in order to avoid any legal conflict in the future.
format	Conference or Workshop Item
author	Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias Hasan, Aznan
author_facet	Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias Hasan, Aznan
author_sort	Hussain, Mohammad Azam
title	The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
title_short	The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
title_full	The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
title_fullStr	The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
title_full_unstemmed	The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues
title_sort	appointment of members to the shariah advisory council of central bank of malaysia: legal issues
publishDate	2015
url	http://irep.iium.edu.my/49145/ http://irep.iium.edu.my/49145/ http://irep.iium.edu.my/49145/1/49145.pdf
first_indexed	2023-09-18T21:09:31Z
last_indexed	2023-09-18T21:09:31Z
_version_	1777411158839394304

The appointment of members to the shariah advisory council of Central Bank of Malaysia: legal issues

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