Dr. Noor Suhaida Kasri
Qualification:Doctor of Philosophy in Islamic Banking Finance and Management from the University of Gloucestershire (in collaboration with Markfield Institute of Higher Education), United Kingdom (2012)
Fields/Area of Specialization:Law; Regulation; Social; and Ethical finance
Dr. Noor Suhaida Kasri received her Doctor of Philosophy in Islamic Banking Finance and Management from the University of Gloucestershire (in collaboration with Markfield Institute of Higher Education), United Kingdom under the sponsorship of International Shari’ah Research Academy for Islamic Finance (ISRA). She is a Senior Researcher and Head of Islamic Capital Market Unit at ISRA. She has written a number of research papers, textbook chapter and articles and presented in conferences locally and globally.

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Top Country : Malaysia

Showing results 1 to 16 of 16
  • Embracing_maqasid_Shariah_via_integrated_via_integrated_reporting_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Syukqran Kamal (2021)

  • Financial reporting has undergone tremendous development in the last couple of years. It traditionally discloses financial results that mainly consist of income statement, balance sheet, and cash flow. This information aids its shareholders, customers as well as the public to assess and measure the financial performance of the corporation or organization. It also informs them of the resource allocation, investment decision that affects the business operations in that particular year. However, such format of reporting has in recent years faced disruption due to the introduction of Integrated Reporting (IR). The style of reporting under IR is that it reports not only financial but non-f...

  • Why_sustainable_investments_matter_more_now_Noor Suhaida.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2021)

  • The Covid-19 pandemic continues wrecking global economies on an unprecedented scale. Despite its socio-economic damage, the pandemic has triggered a significant acceleration in Environmental, Social and Corporate Governance (ESG) and Sustainable and Responsible Investment (SRI) uptake, including a mainstreaming and maturing of responsible investment philosophies and practices. According to Morningstar, the first three months of 2021 saw US$21.5 billion of net inflows into ESG funds. This was more than the previous record of US$20.5 billion set in the fourth quarter of 2020 and more than double the US$10.4 billion seen one year ago in the first quarter of 2020. Blackrock reported that ...

  • Zakat_calculation_software_for_corporate_entities_Noor Suhaida.png.jpg
  • Chapter in Book


  • Authors: Mezbah Uddin Ahmed; Noor Suhaida Kasri (2021)

  • Ensuring socio-economic justice, eradication of poverty and equitable distribution of wealth are among the primary objectives of Islam. Even so, a significant number of Muslims around the world are deprived of their basic needs. The scenario only worsens in times of financial and political turbulence. There is a desperate need to find sources of funding to rescue people from their miseries and offer sustainable solutions. Zakat has great potential to meet the funding needs. This chapter argues that zakat contributions will be amplified if corporate entities pay zakat as legal persons or on behalf of their Muslim shareholders. This chapter proposes development of a zakat calculation so...

  • International_best_practices_in_existing _corporate_waqf_models_retrospective_Noor Suhaida.jpg.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Hasan Hilmi (2020)

  • Waqf is being introduced and implemented in a number of innovative structures with contemporary movable asset class. Despite that, there is still a demand for waqf to be more effectively organised and managed. This chapter studies the contemporary establishment of corporate waqf, as exemplified by Waqaf An-Nur Corporation Berhad, Larkin Sentral Property Berhad, and Wareef Endowment Fund. These models are analyzed from the angles of governance, sustainable investment strategy, risk management, and social impact. These mini case studies are benchmarked against the leading Harvard Endowment Fund. The analysis sheds light on their levels of efficiency and effectiveness as well as their is...

  • Revisiting_Islamic_finance_in_the_midst_of_Covid-19_pandemic_the_case_of_Malaysia_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2020)

  • The ongoing Covid-19 pandemic has shattered the 2020 global economic growth. Amidst lingering uncertainties of the effects of Covid-19, governments around the world have set out measures to assist its economies through economic stimulus packages and interest rate cut. At the international front, the World Bank and the International Monetary Fund (IMF) on 25 March 2020 issued a joint statement calling on all bilateral creditors to suspend debt payments from International Development Association (IDA) countries that request forbearance (IMF 2020). A similar call was made by central banks around the world. On 24 March 2020, Bank Negara Malaysia (BNM) ordered banking institutions to grant...

  • Corporate_waqf_via_initial_public_offering_(IPO)_Mahadi_Noor_Sa'id Adekunle.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Noor Suhaida Kasri; Sa'id Adekunle Mikail; Mohamed Ibrahim Negasi (2020)

  • The need for sustainable funding of institutions of higher learning led the Government of Malaysia to formulate its Universities Transformation Programme 2015-2025. This transformation agenda came out as the Purple Book which highlighted the need to address the funding gap that may occur in the education sector in the event of unexpected budget cuts. It called for the enhancement of income generation, endowments and waqf to achieve self-sustainability for higher learning institutions (Ministry of Higher Education Malaysia, 2016). Based on the above premise, this research explores the viability of corporate waqf via initial public offering (IPO) as an instrument to raise funds and sus...

  • Constitutionality_Shariah_Advisory_Council_of_BNM_JRI_Resources_Kuwait_Finance_House_(Malaysia)_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2019)

  • In a recent landmark case, JRI Resources Sdn. Bhd. v Kuwait Finance House (Malaysia) Berhad, the Federal Court, the apex court in the judicial system of Malaysia, decided that the ascertainment of Islamic law by the Shariah Advisory Council of Bank Negara Malaysia (SAC) is binding on the judiciary and is not tantamount to a judicial decision. Of the nine panel judges, four judges dissented, arguing against the legality and constitutionality of the SAC. The dissenting judges argued that the SAC has been vested with judicial power by section 57 of the Central Bank of Malaysia Act 2009; hence, this section is unconstitutional and invalid and needs to be struck down. This brief write-up w...

  • The_Sustainable_Development_Goals_SDGs_funding_gap_in_Islamic_finance_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2019)

  • The Islamic Development Bank (IDB) has estimated that the financing gap of member states of the Organization of Islamic Cooperation (OIC) to achieve United Nations Sustainable Development Goals (SDGs) is about USD1 trillion per year, of which USD700 billion is earmarked for infrastructure. Even though 40% of world poor live in OIC countries earning the equivalent of USD1.25 a day or less, as of 2017, the world's 14 development banks including those of Asia and Africa have offered no more than USD175 billion to address the gap. Dr. Banda Hajjar, the IDB President, aptly described the available amount "represents only a drop in the sea compared to the size of this gap" (Moqana 2019).1 T...

  • The_investment_account_platform_practical_application_fintech_in_Malaysia_Noor_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Marjan Muhammad (2019)

  • The launching of Malaysia's investment account platform (IAP) in 2016 marked another important milestone in positioning Malaysia as a leader in the Islamic banking industry. For the first time in Malaysian history, six competitive Islamic banks collectively collaborated to initiate and launch the IAP. The multi-bank platform offers multiple ventures or investment avenues for investors to invest in, and financing options and opportunities for ventures to choose from, via the intermediation of the sponsoring banks. The platform that leverages on the advance and innovative financial technology system, or fintech, offers a safe and regulated investment ecosystem with better outreach and e...

  • Malaysia_Islamic_Financial_Services_Act_2013_and_Shari’ah_governance_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri (2019)

  • Shari'ah compliance is the raison d’etre for the existence of Islamic banking and finance industry. A robust Shari'ah compliance can be achieved through an effective Shari'ah governance system. In view of its importance, Malaysia has in the last three decades developed robust legal and regulatory framework that aims to accommodate and facilitate the evolution of Shari'ah governance structure in its Islamic banking and finance industry. The implementation of the current Shari'ah governance framework has guided and assisted the Islamic banking and finance industry in mitigating the cost of Shari'ah risk in their operations and business. As a result, consumers' trust and confidence in th...

  • item.jpg
  • Industry Article


  • Authors: Silmi Mohamed Radzi; Noor Suhaida Kasri (2018)

  • According to a 2017 report by the Credit Suisse Research Institute (CSRI), the total global wealth in 2017 reached USD280 trillion, 27% higher than a decade ago. Despite total global wealth showing an increase, the equitable distribution of wealth still remains an issue. The wealthiest 1% of the world's population now owns 50.1% of the world's wealth. Recently, a group of researchers undertook a study for the World Inequality Database (WID) to measure inequality in Middle Eastern countries. The study concluded that inequality level in Muslim countries is among the highest in the world with the top 10% of the total population holding 61% of the total income share. The question then is ...

  • Framework_for_financial_hardship_indebtedness_management_in_abandoned_housing_projects_in_Malaysia_Said_Noor_Sabar_Abideen.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Noor Suhaida Kasri; Saba' Radwan Jamal Elatrash; Abideen Adeyemi Adewale (2018)

  • This paper aims to examine the existing practices and pertinent issues affecting Islamic banks and their customers in abandoned housing projects (AHPs) to ensure compliance with Shari'ah and statutory requirements. This study employs the qualitative research method using the inductive approach to analyze both primary and secondary data and sources. Data collection involved a series of semi-structured interviews with five volunteering Islamic banks and a representative of Abandoned Property Owners Association Malaysia (Victims). Statutory acts, regulatory policies, guidelines, directives and standards were also analyzed. The result indicates developer's default, underlying contracts, r...

  • Protection_of_investment_account_holders_in_Islamic_banks_in_Malaysia_Noor_Mezbah.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri; Mezbah Uddin Ahmed (2017)

  • The Islamic banking industry in Malaysia is governed by the Islamic Financial Services Act 2013 (IFSA). This legislation marks another step in the evolution of the Islamic banking industry in Malaysia. Among its unique components, it re-classifies deposittaking products into two, namely Islamic deposits and investment accounts. The distinction has brought about a significant impact on the role that Islamic banks have traditionally been playing. The move from purely a credit intermediary to a mixed credit-and-investment intermediary is expected to promote real economic growth and development. In IFSA, investment account is defined as an account under which money is paid and accepted fo...

  • Shariah_compliance_via_blockchain_and_smart_contract_Noor.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2017)

  • Shariah compliance is the raison d'etre for the existence of the Islamic banking and finance industry. Shariah compliance is achieved by meeting not only the prerequisites of the pillars and conditions of the Shariah contract used, but ensuring that the underlying asset as well as the underlying purpose of entering into such a contract is in compliance with the Shariah. Compliance with Shariah ensures that the rights of the contractual parties are protected and contractual obligations are met out in a responsible and lawful manner. The advent of financial technology (fintech) introduces important innovative infrastructure into the realm of Islamic finance. The recent Ernst & Young rep...

  • Regulated_Shariah_compliance_the_case_of_Islamic_fnance_in_Malaysia_Noor Suhaida.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2015)

  • The historical evolution of regulated Shariah compliance in Malaysia started 32 years ago wherein the Islamic banking industry was first regulated by the Islamic Banking Act 1983 (IBA). Under the IBA, Shariah compliance became �institutionalized� through the formation of a Shariah committ ee at the first Islamic bank in Malaysia, i.e. Bank Islam Malaysia. Thereafter the number of Islamic financial institutions (IFIs) started to grow. This growth is followed by the growth of Shariah committees being set up in each of these IFIs. Numerous Shariah resolutions started to mushroom from these Shariah committees which at times result in duplicity and inconsistency of rulings (based on the IS...

  • Shariah_issues_in_intangible_assets_Said Bouheraoua.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Shamsiah Mohamad; Noor Suhaida Kasri; Syahida Abdullah (2015)

  • Intangible assets are regarded as one of the most important asset classes for financial institutions, and their importance and consideration is rapidly increasing. There are existing, well established conventional standards on intangible assets (IA); however the Shariah standard on IA is discussed rather minimally. Thus, this paper attempts to discuss the vital issues related to intangible assets: recognition and measurement, financing and trading, and zakah, which represents a grey area for the Islamic finance industry. The research employs critical analysis. It aims to provide clarification on the concept of intangible assets from the point of view of the Shariah as well as an analy...

Dr. Noor Suhaida Kasri
author picture
Qualification: Doctor of Philosophy in Islamic Banking Finance and Management from the University of Gloucestershire (in collaboration with Markfield Institute of Higher Education), United Kingdom (2012)
Fields/Area of Specialization: Law; Regulation; Social; and Ethical finance
Dr. Noor Suhaida Kasri received her Doctor of Philosophy in Islamic Banking Finance and Management from the University of Gloucestershire (in collaboration with Markfield Institute of Higher Education), United Kingdom under the sponsorship of International Shari’ah Research Academy for Islamic Finance (ISRA). She is a Senior Researcher and Head of Islamic Capital Market Unit at ISRA. She has written a number of research papers, textbook chapter and articles and presented in conferences locally and globally.
Showing results 1 to 16 of 16
  • Embracing_maqasid_Shariah_via_integrated_via_integrated_reporting_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Syukqran Kamal (2021)

  • Financial reporting has undergone tremendous development in the last couple of years. It traditionally discloses financial results that mainly consist of income statement, balance sheet, and cash flow. This information aids its shareholders, customers as well as the public to assess and measure the financial performance of the corporation or organization. It also informs them of the resource allocation, investment decision that affects the business operations in that particular year. However, such format of reporting has in recent years faced disruption due to the introduction of Integrated Reporting (IR). The style of reporting under IR is that it reports not only financial but non-f...

  • Why_sustainable_investments_matter_more_now_Noor Suhaida.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2021)

  • The Covid-19 pandemic continues wrecking global economies on an unprecedented scale. Despite its socio-economic damage, the pandemic has triggered a significant acceleration in Environmental, Social and Corporate Governance (ESG) and Sustainable and Responsible Investment (SRI) uptake, including a mainstreaming and maturing of responsible investment philosophies and practices. According to Morningstar, the first three months of 2021 saw US$21.5 billion of net inflows into ESG funds. This was more than the previous record of US$20.5 billion set in the fourth quarter of 2020 and more than double the US$10.4 billion seen one year ago in the first quarter of 2020. Blackrock reported that ...

  • Zakat_calculation_software_for_corporate_entities_Noor Suhaida.png.jpg
  • Chapter in Book


  • Authors: Mezbah Uddin Ahmed; Noor Suhaida Kasri (2021)

  • Ensuring socio-economic justice, eradication of poverty and equitable distribution of wealth are among the primary objectives of Islam. Even so, a significant number of Muslims around the world are deprived of their basic needs. The scenario only worsens in times of financial and political turbulence. There is a desperate need to find sources of funding to rescue people from their miseries and offer sustainable solutions. Zakat has great potential to meet the funding needs. This chapter argues that zakat contributions will be amplified if corporate entities pay zakat as legal persons or on behalf of their Muslim shareholders. This chapter proposes development of a zakat calculation so...

  • International_best_practices_in_existing _corporate_waqf_models_retrospective_Noor Suhaida.jpg.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Hasan Hilmi (2020)

  • Waqf is being introduced and implemented in a number of innovative structures with contemporary movable asset class. Despite that, there is still a demand for waqf to be more effectively organised and managed. This chapter studies the contemporary establishment of corporate waqf, as exemplified by Waqaf An-Nur Corporation Berhad, Larkin Sentral Property Berhad, and Wareef Endowment Fund. These models are analyzed from the angles of governance, sustainable investment strategy, risk management, and social impact. These mini case studies are benchmarked against the leading Harvard Endowment Fund. The analysis sheds light on their levels of efficiency and effectiveness as well as their is...

  • Revisiting_Islamic_finance_in_the_midst_of_Covid-19_pandemic_the_case_of_Malaysia_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2020)

  • The ongoing Covid-19 pandemic has shattered the 2020 global economic growth. Amidst lingering uncertainties of the effects of Covid-19, governments around the world have set out measures to assist its economies through economic stimulus packages and interest rate cut. At the international front, the World Bank and the International Monetary Fund (IMF) on 25 March 2020 issued a joint statement calling on all bilateral creditors to suspend debt payments from International Development Association (IDA) countries that request forbearance (IMF 2020). A similar call was made by central banks around the world. On 24 March 2020, Bank Negara Malaysia (BNM) ordered banking institutions to grant...

  • Corporate_waqf_via_initial_public_offering_(IPO)_Mahadi_Noor_Sa'id Adekunle.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Noor Suhaida Kasri; Sa'id Adekunle Mikail; Mohamed Ibrahim Negasi (2020)

  • The need for sustainable funding of institutions of higher learning led the Government of Malaysia to formulate its Universities Transformation Programme 2015-2025. This transformation agenda came out as the Purple Book which highlighted the need to address the funding gap that may occur in the education sector in the event of unexpected budget cuts. It called for the enhancement of income generation, endowments and waqf to achieve self-sustainability for higher learning institutions (Ministry of Higher Education Malaysia, 2016). Based on the above premise, this research explores the viability of corporate waqf via initial public offering (IPO) as an instrument to raise funds and sus...

  • Constitutionality_Shariah_Advisory_Council_of_BNM_JRI_Resources_Kuwait_Finance_House_(Malaysia)_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2019)

  • In a recent landmark case, JRI Resources Sdn. Bhd. v Kuwait Finance House (Malaysia) Berhad, the Federal Court, the apex court in the judicial system of Malaysia, decided that the ascertainment of Islamic law by the Shariah Advisory Council of Bank Negara Malaysia (SAC) is binding on the judiciary and is not tantamount to a judicial decision. Of the nine panel judges, four judges dissented, arguing against the legality and constitutionality of the SAC. The dissenting judges argued that the SAC has been vested with judicial power by section 57 of the Central Bank of Malaysia Act 2009; hence, this section is unconstitutional and invalid and needs to be struck down. This brief write-up w...

  • The_Sustainable_Development_Goals_SDGs_funding_gap_in_Islamic_finance_Noor.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri (2019)

  • The Islamic Development Bank (IDB) has estimated that the financing gap of member states of the Organization of Islamic Cooperation (OIC) to achieve United Nations Sustainable Development Goals (SDGs) is about USD1 trillion per year, of which USD700 billion is earmarked for infrastructure. Even though 40% of world poor live in OIC countries earning the equivalent of USD1.25 a day or less, as of 2017, the world's 14 development banks including those of Asia and Africa have offered no more than USD175 billion to address the gap. Dr. Banda Hajjar, the IDB President, aptly described the available amount "represents only a drop in the sea compared to the size of this gap" (Moqana 2019).1 T...

  • The_investment_account_platform_practical_application_fintech_in_Malaysia_Noor_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Marjan Muhammad (2019)

  • The launching of Malaysia's investment account platform (IAP) in 2016 marked another important milestone in positioning Malaysia as a leader in the Islamic banking industry. For the first time in Malaysian history, six competitive Islamic banks collectively collaborated to initiate and launch the IAP. The multi-bank platform offers multiple ventures or investment avenues for investors to invest in, and financing options and opportunities for ventures to choose from, via the intermediation of the sponsoring banks. The platform that leverages on the advance and innovative financial technology system, or fintech, offers a safe and regulated investment ecosystem with better outreach and e...

  • Malaysia_Islamic_Financial_Services_Act_2013_and_Shari’ah_governance_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri (2019)

  • Shari'ah compliance is the raison d’etre for the existence of Islamic banking and finance industry. A robust Shari'ah compliance can be achieved through an effective Shari'ah governance system. In view of its importance, Malaysia has in the last three decades developed robust legal and regulatory framework that aims to accommodate and facilitate the evolution of Shari'ah governance structure in its Islamic banking and finance industry. The implementation of the current Shari'ah governance framework has guided and assisted the Islamic banking and finance industry in mitigating the cost of Shari'ah risk in their operations and business. As a result, consumers' trust and confidence in th...

  • item.jpg
  • Industry Article


  • Authors: Silmi Mohamed Radzi; Noor Suhaida Kasri (2018)

  • According to a 2017 report by the Credit Suisse Research Institute (CSRI), the total global wealth in 2017 reached USD280 trillion, 27% higher than a decade ago. Despite total global wealth showing an increase, the equitable distribution of wealth still remains an issue. The wealthiest 1% of the world's population now owns 50.1% of the world's wealth. Recently, a group of researchers undertook a study for the World Inequality Database (WID) to measure inequality in Middle Eastern countries. The study concluded that inequality level in Muslim countries is among the highest in the world with the top 10% of the total population holding 61% of the total income share. The question then is ...

  • Framework_for_financial_hardship_indebtedness_management_in_abandoned_housing_projects_in_Malaysia_Said_Noor_Sabar_Abideen.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Noor Suhaida Kasri; Saba' Radwan Jamal Elatrash; Abideen Adeyemi Adewale (2018)

  • This paper aims to examine the existing practices and pertinent issues affecting Islamic banks and their customers in abandoned housing projects (AHPs) to ensure compliance with Shari'ah and statutory requirements. This study employs the qualitative research method using the inductive approach to analyze both primary and secondary data and sources. Data collection involved a series of semi-structured interviews with five volunteering Islamic banks and a representative of Abandoned Property Owners Association Malaysia (Victims). Statutory acts, regulatory policies, guidelines, directives and standards were also analyzed. The result indicates developer's default, underlying contracts, r...

  • Protection_of_investment_account_holders_in_Islamic_banks_in_Malaysia_Noor_Mezbah.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Noor Suhaida Kasri; Mezbah Uddin Ahmed (2017)

  • The Islamic banking industry in Malaysia is governed by the Islamic Financial Services Act 2013 (IFSA). This legislation marks another step in the evolution of the Islamic banking industry in Malaysia. Among its unique components, it re-classifies deposittaking products into two, namely Islamic deposits and investment accounts. The distinction has brought about a significant impact on the role that Islamic banks have traditionally been playing. The move from purely a credit intermediary to a mixed credit-and-investment intermediary is expected to promote real economic growth and development. In IFSA, investment account is defined as an account under which money is paid and accepted fo...

  • Shariah_compliance_via_blockchain_and_smart_contract_Noor.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2017)

  • Shariah compliance is the raison d'etre for the existence of the Islamic banking and finance industry. Shariah compliance is achieved by meeting not only the prerequisites of the pillars and conditions of the Shariah contract used, but ensuring that the underlying asset as well as the underlying purpose of entering into such a contract is in compliance with the Shariah. Compliance with Shariah ensures that the rights of the contractual parties are protected and contractual obligations are met out in a responsible and lawful manner. The advent of financial technology (fintech) introduces important innovative infrastructure into the realm of Islamic finance. The recent Ernst & Young rep...

  • Regulated_Shariah_compliance_the_case_of_Islamic_fnance_in_Malaysia_Noor Suhaida.pdf.jpg
  • Industry Article


  • Authors: Noor Suhaida Kasri (2015)

  • The historical evolution of regulated Shariah compliance in Malaysia started 32 years ago wherein the Islamic banking industry was first regulated by the Islamic Banking Act 1983 (IBA). Under the IBA, Shariah compliance became �institutionalized� through the formation of a Shariah committ ee at the first Islamic bank in Malaysia, i.e. Bank Islam Malaysia. Thereafter the number of Islamic financial institutions (IFIs) started to grow. This growth is followed by the growth of Shariah committees being set up in each of these IFIs. Numerous Shariah resolutions started to mushroom from these Shariah committees which at times result in duplicity and inconsistency of rulings (based on the IS...

  • Shariah_issues_in_intangible_assets_Said Bouheraoua.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Shamsiah Mohamad; Noor Suhaida Kasri; Syahida Abdullah (2015)

  • Intangible assets are regarded as one of the most important asset classes for financial institutions, and their importance and consideration is rapidly increasing. There are existing, well established conventional standards on intangible assets (IA); however the Shariah standard on IA is discussed rather minimally. Thus, this paper attempts to discuss the vital issues related to intangible assets: recognition and measurement, financing and trading, and zakah, which represents a grey area for the Islamic finance industry. The research employs critical analysis. It aims to provide clarification on the concept of intangible assets from the point of view of the Shariah as well as an analy...