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The appointment of members to the shariah advisory council of central bank of Malaysia: Legal issues
Published 2017“…In Malaysia, the appointment of members to the Shariah Advisory Council (SAC) of the Central Bank of Malaysia (CBM) is prescribed by the Central Bank of Malaysia Act 2009 (Act 701).The Act stipulates the provisions pertaining to the eligible persons to be appointed to the SAC, procedures, terms and conditions of appointment and also remuneration and allowances for the members of the SAC. …”
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Study on enhancement programmes conducted by Malaysian Islamic financial institutions
Published 2013“…The Central Bank of Malaysia (Central Bank) has introduced and issued the Shariah Governance Framework for Islamic Financial Operators (IFIs) 2010 (SGF 2010) in October 2010 to all IFIs under the Central Bank jurisdictions to have a proper Shariah governance that need to be adopted accordingly. …”
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Proceeding Paper -
3
Enhancement programmes conducted by Malaysian Islamic banks towards the implementation of Shariah compliance
Published 2013“…One of the primary objectives of the Shariah Governance Framework for Islamic Financial Institutions (IFIs) 2010 (SGF 2010) that the Central Bank of Malaysia (Central Bank) has introduced in October 2010 to all IFIs including Islamic banks under the Central Bank jurisdictions is to enhance the role of the Board of Directors (the Board), the Shariah Committee and the management in relation to Shariah matters, including enhancing the relevant key organs having the responsibility to execute the Shariah compliance and research functions aimed at the attainment of a Shariah based operating environment. …”
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Proceeding Paper -
4
Tackling responsible lending obligation in Malaysia: a diverse approach
Published 2019“…The study finds an inconsistent approach in dealing with responsible lending whereby only banking institutions regulated by the Central Bank of Malaysia are subject to this obligation while non-bank institutions are not. …”
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Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies
Published 2013“…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. …”
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Proceeding Paper -
6
Complaint management and redress mechanism: the effect of fragmented institutional approach in regulating consumer credit in Malaysia
Published 2018“…This study explores the role of the Central Bank of Malaysia, the Ministry of Domestic Trade and Consumer Affairs as well as the Ministry of Housing and Local Government to ensure proper complaint management and redress mechanism in favour of financial consumers of different segments of consumer credit. …”
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The implementation of Shariah governance framework of 2010: advantages and constraints
Published 2014“…The Central Bank of Malaysia (hereinafter referred to BNM) has introduced the guideline on Shariah Governance Framework for Islamic Financial Institutions (IFIs)(hereinafter referred to as SGF 2010) in October 2010 to have proper Shariahgovernance. …”
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Shariah risk management process for Islamic financial institution in the context of shariah governance framework 2010
Published 2017“…This research examined the regulatory requirements of the Shariah risk management process for Islamic financial institutions that operate in Malaysia, in the context of the Guidelines on Shariah Governance Framework 2010 issued by the Central Bank of Malaysia. The paper discusses the concept of “risk”, “Shariah risk” and “Shariah non compliant risk” in the context of Islamic Financial Institutions and also examines the process adopted by the Malaysian IFIs in managing the Shariah risk. …”
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Shariah risk management process for Islamic financial institutions in the context of shariah governance framework 2010
Published 2017“…This research examined the regulatory requirements of the Shariah risk management process for Islamic financial institutions that operate in Malaysia, in the context of the Guidelines on Shariah Governance Framework 2010 issued by the Central Bank of Malaysia. The paper discusses the concept of “risk”, “Shariah risk” and “Shariah non-compliant risk” in the context of Islamic Financial Institutions and also examines the process adopted by the Malaysian IFIs in managing the Shariah risk. …”
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