The determinants and treatments of shariah non- compliant events in Malaysian Islamic banks

Mohd Yunus, Saidatolakma and Mohd Noor, Azman and Kamaruddin, Zuraidah and Embong, Rahimah (2023) The determinants and treatments of shariah non- compliant events in Malaysian Islamic banks. International Journal of Academic Research in Business and Social Sciences. ISSN 2222-6990

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Abstract

This article delineates the concept of Shariʻāh non-compliant events (SNEs) in Malaysian Islamic Banks, its determinants and treatments fromthe Islamic perspective based onMuslim scholars' discussion. This research is qualitative, and it utilises textual analysis technique in analysing the data. Its findings argue that SNEs occur in almost all Malaysian Islamic Banks due to factors like human errors and pressing needs. Furthermore, the research reveals that the treatment undertaken by the banks is rectification and re-execution but different from one Islamic bank to another. This article argues that the existing approach to SNEs could be improved, enriched and possibly standardised.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Islamic Contracts, Determinants And Treatments, Shariʻāh Non-Compliant Events, Unlawful Income
Subjects:	BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF) Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Depositing User:	Saidatol Akma Mohd Yunus
Date Deposited:	01 Feb 2025 11:25
Last Modified:	01 Feb 2025 11:25
URI:	http://irep.iium.edu.my/id/eprint/118950

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