The establishment and operation of Islamic banks in Nigeria :perception study on the role of the central bank of Nigeria by Daud, Mustafa, Mohd Yussof, Ibrahim, Adewale, Abideen Adeyemi

“…Central bank (CB) in any economy is regarded as the Apex bank and the Principal stakeholder in the financial system. …”
Get full text

Study on enhancement programmes conducted by Malaysian Islamic financial institutions by Othman, Ahmad Azam, Hassan, Rusni, Omar, Muhammad Naim, Mohd Napiah, Mohammad Deen, Arifin, Mahamad

“…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. …”
Get full text
Get full text

Enhancement programmes conducted by Malaysian Islamic banks towards the implementation of Shariah compliance by Othman, Ahmad Azam, Hassan, Rusni, Arifin, Mahamad, Abdullah, Mohamad Asmadi, Mohd Napiah, Mohammad Deen, Omar, Muhammad Naim

“…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. …”
Get full text
Get full text
Get full text

Exploring the Policy of relinquishing Judicial Powers to the Jurists in Determining Islamic Banking Disputes: The Case of Bank Negara's Shariah Advisory Council by Shuaib, Farid Sufian

“…This policy is evidenced in the new Act of the Central Bank of Malaysia Act 2009 replacing the Central Bank of Malaysia Act 1958. …”
Get full text

Legal framework on Islamic finance in Nigeria: a critical appraisal of Hurdles against the effective shari‘ah governance by Chiroma, Magaji, Arifin, Mahamad, Abdullah, Mohamad Asmadi, Ansari, Abdul Haseeb

“…The most glaring one in recent past is regarding the issue of having an effective, independent and distinct legal framework for the Shari‘ah governance in Islamic financial institutions. The Central Bank Act, Central Bank Guidelines and the Bank and Other Financial Institution Act (BOFIA) are currently the key and major legal frameworks regulating Islamic banking (including the Shari‘ah governance) and other financial institutions in Nigeria. …”
Get full text
Get full text

Issues on takaful affecting the choice of accounting policies: a case study of two takaful companies in Malaysia by Annuar, Hairul Azlan, Abu Bakar, Nur Barizah

“…Also a written correspondence with a senior official of the central bank was accomplished. Similarities and differences between the two companies were identified and it is concluded that the differences are serious enough to warrant interventions from the regulators in the form of mandatory disclosures in the annual reports.…”
Get full text

المواءمة الشرعية والرقابة والتنظيم للصناعة المالية الإسلامية: تجربة البنك المركزي المالزي = Shari`ah harmonisation and regulatory consolidation: BNM experience... by Engku Ali, Engku Rabiah Adawiah

“…This paper attempts to highlight the main issues and conflicts that occur between the legal framework and the Shariah requirements of Islamic banking transactions; and the Malaysian experience, in particular, that of the Central Bank of Malaysia (BNM), in trying to harmonize the legal framework with the Shariah, to facilitate better implementation & Shariah compliance of Islamic banking & finance in the country. …”
Get full text
Get full text

Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis by Md. Abdul , Jalil

“…The Muamalah Hire Purchase Bill (MHPB) was initially prepared by a group of members of the shariah supervisory council of Bank Islam Malaysia Berhad (BIMB) in 1991 and it was later submitted to the Ministry of Domestic Trade and Consumer Affairs in Malaysia and the Central Bank of Malaysia for review. Finally in the year 2000, it was referred to the Attorney General’s Chamber for further examination whether it met the shariah rules and how it could be implemented in Malaysia. …”
Get full text

Management accounting and risk management practices in financial institutions by Abdul Rasid, Siti Zaleha, Abdul Rahman, Abdul Rahim

“…The research method involved administering a questionnaire to 106 financial institutions listed on the Malaysian Central Bank’s website and the respondents were the chief financial officers (CFO) or the most senior positions in the finance department of the institutions. …”
Get full text

Pricing efficiency of the 3-month KLIBOR futures contracts: An empirical analysis by Razak, Marina Abdul, Bacha, Obiyathulla Ismath

“…Analysis of the impact of switch in Central Bank target policy rate, away from the underlying asset of the futures contract, showed higher pricing deviation post switch. …”
Get full text

Takaful and retakaful: advanced principles and practices by Frenz, Tobias, Soualhi, Younes

“…This publication is based on the research done in the course of setting up Munich Re’s office for Islamic reinsurance: Munich Re’s retakaful operation (MRR) was licensed by the Central Bank of Malaysia on 31 December 2007 in Kuala Lumpur to conduct worldwide family and general retakaful business. …”
Get full text

Survey on implementation of internal Shariah compliance function in Malaysian Islamic banks and takaful companies by Hassan, Rusni, Arifin, Mahamad, Othman, Ahmad Azam, Mohd Napiah, Mohammad Deen, Omar, Muhammad Naim, Yusoff, Adnan, Khatimin, Nuraini, Zaharim, Azami

“…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. …”
Get full text

The implementation of Shariah governance framework of 2010: advantages and constraints by Omar, Muhammad Naim, Hassan, Rusni, Arifin, Mahamad, Mohd Napiah, Mohammad Deen, Othman, Ahmad Azam, Abdullah, Mohamad Asmadi, Yusoff, Adnan

“…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. …”
Get full text

Corporate governance and audit report timeliness: evidence from Malaysia by Puat Nelson, Sherliza, Shukeri, Siti Norwahida

“…It excludes companies from finance related sector as they operate under a highly regulated market under the supervision by the Central Bank of Malaysia. Further, regression analysis was performed to examine the audit report timeliness determinants. …”
Get full text

An investigation on PMS attributes in service organisations in Malaysia by Mohd Amir, Amizawati, Nik Ahmad, Nik Nazli, Mohamad, Muslim Har Sani

“…The sampling frame was based on information provided by the Department of Statistics, Malaysia, and the Central Bank of Malaysia. An extensive search of directories/portals was undertaken to compile the mailing list of each service sector. …”
Get full text

Shariah and legal issues in the Bay' Bithaman-al-Ajil (BBA): a viewpoint by Md. Dahlan, Nuarrual Hilal, Syed Abdul Kader, Sharifah Zubaidah

“…The functions, roles, establishment and problems plaguing the SAC and the SAB are also examined, particularly in respect of their role in advising the institutions on transactions involving house buying in Malaysia, bearing on provisions of the recent statute - the Central Bank of Malaysia Act 2009 (Act 701), enforced on 19 August 2009. …”
Get full text

Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia by Abdul Rasid, Siti Zaleha, Abdul Rahman, Abdul Rahim

“…The research method involved administering a questionnaire to 106 financial institutions listed on the Malaysian Central Banks website and the respondents are the chief financial officer (CFO) or the most senior positions in the finance department of the institutions. 16 post-survey semi-structured interviews were conducted with selected respondents. …”
Get full text

Management accounting and risk management in Malaysian financial institutions : an exploratory study by Abdul Rashid, Siti Zaleha, Abdul Rahman, Abdul Rahim, Wan Ismail, Wan Khairuzzaman

“…Design/methodology/approach – The study used a mail survey of financial institutions listed in the Malaysian Central Banks’ web site. The respondents to whom 106 questionnaires were sent were the chief financial officers; the response rate was 68 percent. …”
Get full text

Benchmarking the efficiency of the Korean banking sector: a DEA approach by Sufian, Fadzlan

“…Practical implications – The findings from this study are essential not only for the managers of the banks, but for numerous stakeholders such as the central banks, bankers associations, governments,and other financial authorities. …”
Get full text