Laws pertinent to corporate governance of Islamic banks in Malaysia
Malaysia is the cranium of Islamic banking and the most sophisticated laws on the matter could be found in Malaysia. Corporate governance legal infrastructure of Islamic banks is an area that is not explored much. Whenever a person talks about the corporate governance of Islamic banks, people perceive it as Shariah governance or the regulation of the Shariah Advisory Boards established in the Islamic banks. It has been misconceived that Islamic banks only apply Shariah or Islamic law which is not codified as legislations but based on what the Shariah scholars who sit in Shariah Advisory Boards derive. This may be the reason as to why Islamic banks are often considered to be prone to the effects of 'fatwa shopping' and also the reason why sometimes, Islamic banks are labelled as 'terrorism' financing institutions...
Islamic banking , Corporate governance , Malaysia
Muneeza, A. (2012). Laws pertinent to corporate governance of Islamic banks in Malaysia. Malayan Law Journal, 4, pp. xxxiv-lv.
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