Shari'ah review function and its implementation in Malaysia takaful companies : a practical appraisal /

This thesis aims to examine the fundamentals of Sharī'ah review function as part of Sharī'ah governance for the Islamic financial institutions in Malaysia, particularly the takāful operators. This includes examining the legal and regulatory framework of Sharī'ah review function specif...

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Bibliographic Details
Main Author: Mohamed Hadi bin Abd Hamid (Author)
Format: Thesis
Language:English
Published: Kuala Lumpur : Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia, 2017
Subjects:
Online Access:http://studentrepo.iium.edu.my/handle/123456789/1833
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100 1 |a Mohamed Hadi bin Abd Hamid,  |e author 
245 1 0 |a Shari'ah review function and its implementation in Malaysia takaful companies :  |b a practical appraisal /  |c by Mohamed Hadi bin Abd Hamid 
264 1 |a Kuala Lumpur :  |b Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia,  |c 2017 
300 |a xix, 253 leaves :  |b illustrations ;  |c 30cm. 
336 |2 rdacontent  |a text 
347 |2 rdaft  |a text file  |b PDF 
502 |a Thesis (Ph.D)--International Islamic University Malaysia, 2017. 
504 |a Includes bibliographical references. 
520 |a This thesis aims to examine the fundamentals of Sharī'ah review function as part of Sharī'ah governance for the Islamic financial institutions in Malaysia, particularly the takāful operators. This includes examining the legal and regulatory framework of Sharī'ah review function specifically within takāful operators. Afterwards, the research attempts to study the state of implementation of Sharī'ah review function in takāful operators by highlighting the prevailing issues surrounding its implementation in takāful operators. These pressing issues are established based on current laws and regulations, existing literatures, fieldwork study and available findings. Based on the findings, the thesis revealed that the implementation of Sharī'ah review function in takāful operations is surrounded with several existing problems which ranges from the issue of availability of dedicated Sharī'ah review officers to the issue of commitment portrayed by the management and Sharī'ah Committee of takāful operators in supporting the execution of Sharī'ah review function. While these problems may hamper the robust implementation of Sharī'ah review function, the thesis provides recommendations to the regulator and relevant parties to mitigate or remove the problems with a view to ensure Sharī'ah compliance in the operation and business activities of takāful operators. 
596 |a 1 
655 7 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Ahmad Ibrahim Kulliyyah of Laws  |z IIUM 
691 |a Takaful (Islamic insurance)  |z Malaysia 
710 2 |a International Islamic University Malaysia.  |b Ahmad Ibrahim Kulliyyah of Laws 
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