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To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge

Year 2016, Volume: 6 Issue: 8, 138 - 141, 01.10.2016

Mohammad Azam Hussain Rusni Hassan Alias Azhar

Abstract

Shariah compliance is a vital element in the operation of Islamic banking business carried out by Islamic banking institutions. In order to strengthen the Shariah governance, the existing legislations regulating Islamic banking business in Malaysia encourage the Islamic financial institutions and Islamic banks in particular, to appoint a member of its Shariah Committee as a member of the Board of Directors. This article scrutinizes on this issue and the challenges which probably faced by the appointed Shariah committee member as member to the Board of Directors of Islamic Financial Institutions. The study found that the suggestion is good to bridge the gap between the Shariah Committee and the Board of Directors in ensuring Shariah compliance. However it also may invite several legal conflicts and challenges to be faced by the appointed Shariah member if the Islamic banks.

Keywords

Shariah Committee Shariah Advisory Shariah Governance Independent Non-Executive Director Islamic bank

Year 2016, Volume: 6 Issue: 8, 138 - 141, 01.10.2016

Mohammad Azam Hussain Rusni Hassan Alias Azhar

Abstract

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Details

Other ID JA49MV94KK
Journal Section Research Article
Authors

Mohammad Azam Hussain This is me

Rusni Hassan This is me

Alias Azhar This is me

Publication Date October 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 8

Cite

APA Hussain, M. A., Hassan, R., & Azhar, A. (2016). To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. International Review of Management and Marketing, 6(8), 138-141.
AMA Hussain MA, Hassan R, Azhar A. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM. October 2016;6(8):138-141.
Chicago Hussain, Mohammad Azam, Rusni Hassan, and Alias Azhar. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing 6, no. 8 (October 2016): 138-41.
EndNote Hussain MA, Hassan R, Azhar A (October 1, 2016) To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. International Review of Management and Marketing 6 8 138–141.
IEEE M. A. Hussain, R. Hassan, and A. Azhar, “To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge”, IRMM, vol. 6, no. 8, pp. 138–141, 2016.
ISNAD Hussain, Mohammad Azam et al. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing 6/8 (October 2016), 138-141.
JAMA Hussain MA, Hassan R, Azhar A. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM. 2016;6:138–141.
MLA Hussain, Mohammad Azam et al. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing, vol. 6, no. 8, 2016, pp. 138-41.
Vancouver Hussain MA, Hassan R, Azhar A. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM. 2016;6(8):138-41.