The Process of Shar ah Assurance in the Product Offering: Some Important Notes for Indonesian and Malaysian Islamic Banking Practice

Agus Triyanta and Rusni Hassan
Additional contact information
Agus Triyanta: Faculty of Law, Universitas Islam, Postal: Indonesia
Rusni Hassan: Ahmad Ibrahim Kulliyyah of Laws, Postal: International Islamic University Malaysia (IIUM)

Islamic Economic Studies, 2011, vol. 18-1, 17-43

Abstract: Shar ah compliance is one of the important legal and fiduciary duties of Islamic banks. Its importance is growing in the wake of the challenging business environment and the increasing needs for innovative products and instruments faced by Islamic banks. The present paper seeks to analyze the process and procedures for Shar ah assurance in the product offering in Islamic banking sector in Indonesia and Malaysia. Starting with the theoretical overview of the Shar ah assurance, the regulatory framework designated to cater such processes and procedures are then mapped and evaluated. Having this at hand, practical implementations are discussed to draw any distinctive features in both jurisdictions. Lastly, suggestions are presented to be proportionally adopted for the purpose of achieving better process and procedures of Shar ah assurance in the product offering in Islamic banking sector in both, Indonesia and Malaysia.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.irti.org/English/Research/Documents/IES/063.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:isecst:0042

Access Statistics for this article

Islamic Economic Studies is currently edited by Salman Syed Ali and Anis Ben Khedher

More articles in Islamic Economic Studies from The Islamic Research and Training Institute (IRTI) Contact information at EDIRC.
Bibliographic data for series maintained by IRTI Staff () and ().