Shariah Governance Structure of Ibf in Malaysia, Indonesia and Kuwait

ISBN-13: 9783659574948 / Angielski / Miękka / 2014 / 100 str.

Zulkarnain Izyan Farhana;Hassan Rusni

Opis

There are different Shariah governance structures adopted by Islamic Financial Institutions across the globe. Several approaches are identified such as the centralised approach, self-regulatory approach and other approaches. This research focuses on the practice of three countries that are Malaysia, Indonesia and Kuwait which adopted the centralised Shariah governance structure. Regardless of the similar countries approach as regard to the centralized aspects of the Shariah governance, but there are some differences in their applications. Malaysias central body on Shariah governance is the Shariah Advisory Council under the supervision of the Central Bank of Malaysia; but the central Shariah governance body in Indonesia is a non-government organization that is independent from the Central Bank. On the other hand, the Kuwaits central Shariah governance body is the Fatwa Board in the Ministry of Awqaf and Islamic Affairs which is a separate entity from the Central Bank of Kuwait.

O autorze

Izyan Farhana Zulkarnain received her degree in Bachelor of Laws and Bachelor of Laws (Shari ah)and Master of Comparative Laws from the International Islamic University Malaysia. She was a Research Assistant who has worked in various projects in Islamic Banking and Finance areas. She has presented several papers in international conferences.