Wednesday 8 July 2015

Ulasan artikel Islamic Banking in Malaysia oleh Sherin Kunhibava

Ulasan artikel Islamic Banking in Malaysia oleh Sherin Kunhibava, International Journal of Legal Information, Voilume 40.1-2 (2012): 191-200.

This is a straightforward exposition on Islamic banking in Malaysia with some backdrop explanation on the history and principle of Islamic law relating, in particular, to riba (usury or interest) and maysir (gambling). Other current issues discussed are on the role and authority of Shariah Supervisory Council under the Central Bank of Malaysia Act 2009 and matter on Shariah Governance through Central Bank directive of Shariah Governance Framework. The author is of the view that, not surprisingly, Malaysia has a comprehensive and transparent regulatory framework with regard to Islamic Banking on the issue of Shariah Governance. And this according to the author is good because it promotes uniformity in Shariah matters related to banking which is essential to investor and relevant stakeholders (p.200).  All in all this article is a good reading for readers who want to have a general idea of Islamic banking in Malaysia.


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