Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies

• Main Authors: Hassan, Rusni, Arifin, Mahamad, Othman, Ahmad Azam, Mohd Napiah, Mohammad Deen, Omar, Muhammad Naim, Yusoff, Adnan, Khatimin, Nuraini, Zaharim, Azami
• Format: Proceeding Paper
• Language: English
• Published: 2013
• Subjects: K Law (General)
• Online Access: http://irep.iium.edu.my/38381/2/PROCEEDING_BOOK_WSEAS_ON_SURVEY.pdf; http://irep.iium.edu.my/38381/; http://www.wseas.org/main/books/2013/CambridgeUSA/MMF.pdf

The Central Bank of Malaysia has issued Shariah Governance Framework for Islamic Financial Institutions (hereinafter referred to as “SGF”) which was effective starting from January 2011 brought a new dimension and evolution phase in Malaysian Islamic Banking. The issuance of SGF shows the commit...