Duties and Decision-Making Guidelines for Sharī‘ah Committee: An Overview of BNM (Tugas-Tugas dan Garis Panduan Dalam Membuat Keputusan Bagi Jawatankuasa Shariah: Satu Gambaran Umum BNM)

  • Muhammad Amanullah Professor at the Department of Fiqh and Usul al-Fiqh, Kuliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia.
  • Muhammad Nabil Fikri bin Mhd Zain Master’s degree candidate at the Department of Fiqh and Usul al-Fiqh, Kuliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia.

Abstract

Shari`ah committee of every Islamic bank or other Islamic financial institutions has some specific duties. Likewise, this committee should follow some guidelines in making its decisions. Bank Nigara Malaysia (BNM) has prescribed these duties and decision-making guidelines in its Sharīah Governance Framework (SGF). Using analytical and critical methods, this research paper aims to study these duties and decision-making guidelines. The duties of the Sharīah  Committee set by BNM include the basic principle of advising, endorsing, supervising, assisting, consulting and reporting on Sharīah  matters. Besides that, the decision-making guidelines for Sharīah  Committee by BNM are well-structured and practical. This study contributes to the related literature by showing that the country’s support towards the Islamic finance sector, through BNM’s guidelines, may help the development of IFIs in the country.  The results drawn from this study may help policymakers to develop better duties and decision-making guidelines for Sharīah Committees. This study is limited to the SGF issued by BNM in 2010 only.

Keywords: Sharīah Committee, Duties, Decision-making, Guidelines.

Abstrak

Jawatankuasa Shariah bagi setiap bank Islam atau institusi kewangan Islam (IFIs) mempunyai beberapa tugas tertentu. Begitu juga, jawatankuasa ini perlu mengikuti beberapa garis panduan dalam membuat keputusannya. Bank Negara Malaysia (BNM) telah menetapkan tugas-tugas ini dan juga garis panduan membuat keputusan dalam Shariah Governance Framework (SGF). Dengan menggunakan kaedah analitikal dan kritikal, penyelidikan ini bertujuan mengkaji tugas-tugas serta garis panduan membuat keputusan tersebut. Tugas-tugas jawatankuasa Shariah yang ditetapkan oleh BNM merangkumi prinsip asas dalam menasihati, menyokong, menyelia, membantu, berunding dan melaporkan berkenaan isu-isu Shariah. Di samping itu, garis panduan membuat keputusan ke atas jawatankuasa Shariah yang ditetapkan oleh BNM adalah amat berstruktur dan praktikal. Kajian ini menunjukkan bahawa sokongan yang diberikan oleh negara terhadap sektor kewangan Islam melalui garis panduan ini boleh membantu kepesatan IFIs dalam negara Malaysia. Keputusan yang diperoleh daripada kajian ini dapat membantu penggubal dasar untuk membangun dengan lebih baik tugas-tugas serta garis panduan membuat keputusan untuk Jawatankuasa Shariah. Kajian ini terhad kepada SGF yang dikeluarkan oleh BNM pada tahun 2010 sahaja.

Kata Kunci: Jawatankuasa Shariah, Tugas-Tugas, Membuat Keputusan, Garis Panduan.

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Published
2019-12-30
How to Cite
Amanullah, M., & bin Mhd Zain, M. N. F. (2019). Duties and Decision-Making Guidelines for Sharī‘ah Committee: An Overview of BNM (Tugas-Tugas dan Garis Panduan Dalam Membuat Keputusan Bagi Jawatankuasa Shariah: Satu Gambaran Umum BNM). Journal of Islam in Asia <span style="font-Size: 0.6em">(E-ISSN: 2289-8077)</Span&gt;, 16(3), 300-318. https://doi.org/10.31436/jia.v16i3.914