Vol 6, No 4 (2019)

Table of Contents

Special issue: Legal and Contractual Issues of Islamic Banking and Finance in the Era of Industry Revolution
Guest editors: Rusni Hassan and Nor Razinah Mohd Zain

Guest Editors
Rusni Hassan and Nor Razinah Mohd Zain (pp. 154-157)
Keywords: Islamic Banking and Finance; Shariah Governance; Shariah Non-Compliance treatment
Type: Editorial
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The Significance of Central Bank of Malaysia Act to Islamic Banking
Aishath Muneeza (pp. 158-180)
Keywords: Bank Negara Malaysia; Central Bank Act Malaysia; Islamic Banking; Central Bank of Malaysia
Type: Conceptual Paper
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Proposed Secured Bay-Salam Model for Financing Agriculture by Islamic Banks
Ummi Ibrahim Atah, Mustafa Omar Mohammed, Engku Rabiah Adawiyya, and Adewale Abideen Adeyemi (pp. 181-195)
Keywords:Bay Salam; Agricultural Insurance; Agriculture Financing; Takaful; Islamic Banks; Islamic Financial Institutions
Type: Research Paper
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The Applicability of Ijarah Al-Mawsufah Fi Al-Dhimmah in Malaysia
Mouhamadou Moctar Dieng (pp. 196-207)
Keywords: Ijarah Mawsufah Fi Al-Dhimmah; Forward Lease; Legal Documentation; Home Financing; Project Financing; Abandoned Housing Project; Property Under Construction
Type: Conceptual Paper
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Financial Consumers Protection Regime in Malaysia: Main Guidelines Issued by Bank Negara Malaysia
Nurun Nadia Binti Mohamad and Rusni Hassan (pp. 208-219)
Keywords: Islamic Banks; Financial Consumer Protection; Financial Consumers; Islamic Financial Service Act 2013
Type: Conceptual Paper
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Shariah Non-Compliance Treatment in Malaysian Islamic Banks
Hani Nabila Omar and Rusni Hassan (pp. 220-233)
Keywords: Shariah Non-Compliance Risk; Shariah Non-Compliance Event; Shariah Non-Compliance Reporting; Islamic Banks; BNM guidelines; Bank Negara Malaysia
Type: Conceptual Paper
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Legal and Regulatory Framework of Islamic Banking and Finance: A Study in Singapore
Ledy Mahara Ginting, Nafisah Ruhana, Nur Haziyah Haji Abdul Halim, and Salsabilla Terra Finieli (pp. 234-244)
Keywords: Legal System; Regulatory Framework; Islamic Banking and Finance; Singapore; Monetary Authority of Singapore
Type: Conceptual Paper
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Shariah Governance Structure of Islamic Financial Institutions in Sri Lanka
Hayathu Mohamed Ahamed Hilmy and Rusni Hassan (pp. 245-258)
Keywords:Shariah Governance; Shariah Review; Shariah Audit; Sri Lankan Islamic Financial Institutions
Type: Research Paper
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Examining the Viability of Istisna for Project Financing: An Economic Perspective
Muhammad Najihuddin Nasucha, Riazuddin Ahmed, and Galad Mohamed Barre (pp. 259-270)
Keywords: Istisna; Viability; Risk Management; Project Financing; Constraints; Infrastructure Development; Islamic Project Finance
Type: Conceptual Paper
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The Practice of Shariah Governance in Islamic Banking and Finance: A Study of Islamic Banks in Bangladesh
Riazuddin Ahmed and Mohamad Saifullah Bin Mohamad (pp. 271-284)
Keywords: Shariah Governance; Corporate Governance; Islamic Financial System; Regulatory Framework; Islamic Financial Institutions; Bangladesh
Type: Conceptual Paper
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Innovations in Sukuk in the Global Finance Market: Reviewing Key Considerations
Nor Razinah Mohd Zain, Adewale Abideen, and Engku Rabiah Adawiah Engku Ali (pp. 285-295)
Keywords: Shariah compliance; Islamic Capital Market; Sukuk; Sukuk Innovation; Securities Commission Malaysia
Type: Conceptual Paper
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Debt Theories in Islamic Commercial Transactions and Their Implications for the Islamic Capital Market
Auwal Adam Saad and Syed Musa Bin Syed Jaafar Alhabshi (pp. 296-306)
Keywords: Debt theories; Sale of Debt; Islamic Banking; Hawalah; Ibra; Suftajah; Muqassah
Type: Conceptual Paper
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The Litigation Process in Handling Murabahah Cases: A Comparative Study between Malaysia and Indonesia
Atharyanshah Puneri, Ilhamiddin Ikramovich Nazarov, Moustapha Chora Ahmat, Muhamad Ikhwan Arif (pp. 307-316)
Keywords: Murabahah; Civil Court; Religious Court; Malaysia; Indonesia; Legal System; Islamic Banking Dispute
Type: Conceptual Paper
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Impacts of the Islamic Financial Services Act 2013 on Investment Account products offered by Islamic Banks in Malaysia
Intisaar Kaamilah Binti Budiman, Mariam Binti Abdulaziz, Alliya Binti Jaffar, and Mor Talla Lo (pp. 317-327)
Keywords: Investment Account; Deposit Account; Islamic Financial Services Act; IFSA 2013; Islamic Bank; Malaysia
Type: Research Paper
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Selected Shariah Issues in Sukuk Structures: A Comparative Approach
Mohamed Benaicha, Bandar Mohammed Saif Qasem, and Anas Abdulkadir Abubakar Kassim (pp. 328-343)
Keywords: Islamic securitization; sukuk; Shariah issues; maqasid
Type: Conceptual Paper
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Hybrid Dispute Resolution in Islamic Capital Market: A Malaysian Perspective
Naeem Suleman Dhiraj, Muhammad Najihuddin Nasucha, Oussama Mohamed Alansary, Abdullah Jamaluddin Alkhateeb (pp. 344-354)
Keywords: Islamic Banking Dispute; Malaysia; Islamic Capital Market; Alternative Dispute Resolution
Type: Conceptual Paper
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The Role of Islamic Microfinance for Poverty Alleviation in Mogadishu, Somalia: An Exploratory Study
Mohamed Abdi Elmi Xalane and Marhanum Che Mohd Salleh (pp. 355-365)
Keywords: Microfinance; Islamic Microfinance; Interest-free Microfinance; Poverty Alleviation; Microcredit; Somalia
Type: Research Paper
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Examining Contracts used in Islamic Trade Financing: Issues in Bai Al-Dayn and Murabahah
Nur Ermiedza Binti Radzali, Nurul Awfa Binti Muhammad Noor Habibi, Nurul Amira Bt Mohd Sabri, and Siti Aqilah Binti Ismail (pp. 366-374)
Keywords: Trade Finance; Bai Al-Dayn; Murabahah; Malaysia; Islamic Contracts; Islamic Trade Finance
Type: Conceptual Paper
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Financial Performance of Islamic and Conventional Banks in Malaysia: A Comparative Analysis
Yasin Ahmed Sulub and Marhanum Che Mohd Salleh (pp. 375-385)
Keywords: Islamic Banks; Conventional Banks; Financial Performance; Malaysia
Type: Research Paper
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Islamic Contracts for Home Financing: A Comparative Analysis
Aulia Fitria Yustiardhi, Mahdiah Aulia, and Reni Oktavia Permatasari (pp. 386-396)
Keywords: Islamic home financing; Musharakah Mutanaqisah; Ijarah Muntahiya Bit Tamlik; Istisna; Shariah
Type: Conceptual Paper
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Towards Developing a Conceptual Framework for Islamic Unit Trust Funds
Ruqayyah Abdul Aziz, Rusni Hassan, Nor Razinah Mohd. Zain, and Syed Ahmed Salman (pp. 397-406)
Keywords: Islamic unit trust, fund management; Shariah funds; stock screening
Type: Conceptual Paper
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