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BAFIA 1989 & CBA 2009

BAFIA 1989 & CBA 2009

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Published by Mahyuddin Khalid

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Published by: Mahyuddin Khalid on Dec 14, 2012
Copyright:Attribution Non-commercial

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11/27/2013

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ISLAMIC FINANCIALLEGAL FRAMEWORK 
Mahyuddin Khalid
 em a y  @ s  al   am. ui   t  m. e d  u.m y 
BANKING AND FINANCIAL INSTITUTION ACT 1989CENTRAL BANK OF MALAYSIA ACT 2009
 
2
CONTENT
BANKING AND FINANCIAL INSTITUTION ACT 2009
ISLAMIC BANKING BUSINESS
ISLAMIC FINANCIAL BUSINESS
SHARIAH ADVISORY COUNCIL
 ACQUIRE IMMOVABLE PROPERTY
 AMENDMENT TO CBA 2003
CENTRAL BANK ACT 2009
RECOGNITION TO ISLAMIC FINANCIALSYSTEM
 
3
INTRODUCTION
The establishment of BIMB has paved wayfor the implementation of Islamic banking inwider scope.
BNM realised it was crucial to have a largenumber of institutions participating in theIslamic banking system.
Therefore, BNM decided to allowconventional financial institutions to offer Islamic banking services using their existinginfrastructure.

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