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Islamic banking in Malaysia: its legal provision and judicial decisions

Md. Dahlan, Nuarrual Hilal and Kamarudin, Abdul Rani (2005) Islamic banking in Malaysia: its legal provision and judicial decisions. In: Prosiding Persidangan Kebangsaan Ke-2 Pusat Pengajian Sosial, Pembangunan dan Persekitaran, 5-6 September 2005, Universiti Kebangsaan Malaysia, Bangi, Selangor.

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Abstract

The practice of Islamic Banking in Malaysia got its first momentum with the establishment of Bank Islam Malaysia Berhad in the early 1980s when the Muslims by and large felt of the need to have an Islamic Bank. By 1990s onward, there were increasing demands for Islamic Banking services and products as the understanding, knowledge and Islamic awareness and renaisance among the Malaysian population increase. In this respect, other conventional banks have also formed their own Islamic Banking Department, providing similar products to meet these demands. This paper will highlight relevant laws in so far as Islamic Banking in Malaysia concerned and attempt to study the case law which have hitherto been decided in Malaysian Courts involving Islamic Banking. Through this paper also legal scenarios and facts on Islamic Banking in Malaysia would be disseminated to others who intend to establish similar establishment and that certain problems could be addressed and certain suggestions could be forwarded to addressed the same.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 1590/8806
Uncontrolled Keywords: Islamic banking, Malaysia
Subjects: K Law > K Law (General)
K Law > KBP Islamic Law
K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP15 Congresses. Conferences
K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes: Ahmad Ibrahim Kulliyyah of Laws > Department of Legal Practice
Depositing User: Nur Aqilah Norudin (PT)
Date Deposited: 20 Dec 2011 20:17
Last Modified: 20 Dec 2011 20:17
URI: http://irep.iium.edu.my/id/eprint/8806

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