I am very grateful to share with you my recent article on the recent legal development pertaining to Islamic finance in Malaysia entitled “Shari’ah Governance in IFIs and the Effect of the Central Bank of Malaysia Act 2009”. This article is published in the Journal of International Banking Law and Regulation, 2010, Volume 25, Issue 3, pp. 105-108 and available online.
The philosophical foundation of corporate governance in Islam requires an additional layer of governance for the purpose of Sharia compliance. With this aspiration, corporate governance in Islamic financial institutions (IFIs) needs a set of institutional arrangements to oversee the Sharia compliance aspects of their business and operations…..p 104. Zulkifli Hasan, J.I.B.L.R., 2010, 25 (3)
Cape Town, South Africa.