Bank Negara Malaysia Shariah Resolutions in Islamic Finance

[Maan Barazy]

Bank Negara Malaysia has published the second edition of the Shariah Resolutions in Islamic Finance Book in October 2010.
This second edition of the SAC resolutions, which is a compilation of all Shariah resolutions made between 1997 and 2009, is a continuation of the earlier efforts of Bank Negara Malaysia to deepen the understanding on the Shariah interpretations and the juristic reasoning for the rulings. It aims to increase the level of transparency on juristic reasoning in Islamic finance and thus, an increased appreciation and acceptance of Shariah decisions. It would also allow for more efficient Shariah governance at institutional level, whilst catalysing greater cross-border harmonisation in the interpretation and application of Shariah.

This edition supersedes the Shariah Resolutions in Islamic Finance (First Edition) published in 2007 and the Summary of National Shariah Advisory Council Decisions for Islamic Banking and Takaful (Summary of NSAC Decisions) issued in 2002. Accordingly, all new Islamic financial products that are going to be offered by Islamic financial institutions or any existing products to be offered to new customers must comply with the rulings of this Shariah Resolutions in Islamic Finance (Second Edition). However, for Islamic financial products which have been contracted between the customers and Islamic financial institutions based on the Shariah rulings published in the First Edition and the Summary of NSAC Decisions, the contracts remain in force until maturity.

The book (in PDF format) is available for download below :

1. The complete book (English version) (2.2 MB - Note: large file size)
2. Keseluruhan Buku (versi Bahasa Malaysia)  (5.4 MB - Nota: saiz fail besar)

Or you may download by these topics:

1. Contents (English)
   Kandungan (Bahasa Malaysia)
2. Foreword by Governor of Bank Negara Malaysia (English)

   Perutusan Gabenor Bank Negara Malaysia (Bahasa Malaysia) 

3. Foreword by Chairman of Shariah Advisory Council of Bank Negara Malaysia (English)
   

   Prakata Pengerusi Majlis Penasihat Syariah Bank Negara Malaysia (Bahasa Malaysia) 

4. Shariah Advisory Council of Bank Negara Malaysia (English)

   Majlis Penasihat Syariah Bank Negara Malaysia 

5. Members of the Shariah Advisory Council of Bank Negara Malaysia (1997 – 2010)(English)

   Ahli-Ahli Majlis Penasihat Syariah Bank Negara Malaysia (1997-2010) (Bahasa Malaysia)

6. Introduction (English)
   Pengenalan (Bahasa Malaysia)


7. Part 1: Shariah Contracts (English) 
   1. Ijarah
   2. Istisna'
   3. Mudarabah
   4. Musyarakah
   5. Qard
   6. Rahn
   7. Takaful
   8. Tawarruq
   9. Wadi'ah
   10. Wakalah
   11. Bai' Dayn
   12. Bai' 'Inah
   
   Bahagian I: Kontrak Syariah (Bahasa Malaysia) 
   1. Ijarah
   2. Istisna'
   3. Mudarabah
   4. Musyarakah
   5. Qard
   6. Rahn
   7. Takaful
   8. Tawarruq
   9. Wadi'ah
   10. Wakalah
   11. Bai' Dayn
   12. Bai' 'Inah
8. Part II: Supporting Shariah Concepts (English) 
   1. Hibah
   2. Ibra'
   3. Ta'widh dan Gharamah
   
   Bahagian II: Konsep Syariah Sokongan (Bahasa Malaysia)
   1. Hibah
   2. Ibra'
   3. Ta'widh dan Gharamah
9. Part III: Islamic Financial Products (English) 
   1. Financial Derivative Instruments
   2. Islamic Credit Card
   3. Hybrid Products
   4. Sukuk Based On Bai' Bithaman Ajil (BBA)
   
   Bahagian III: Produk Kewangan Islam (Bahasa Malaysia)
   1. Instrumen kewangan Derivatif
   2. Kad Kredit Secara Islam
   3. Produk Hibrid
   4. Sukuk Berasaskan Bai' Bithaman Ajil (BBA)
10. Part IV: Shariah Issues in Relation to the Operations of Supporting Institutions in Islamic Finance (English) 
    1. Credit Guarantee Corporation (M) Berhad
    2. Danajamin Nasional Berhad
    3. Malaysia Deposit Insurance Corporation
    4. National Mortgage Corporation (Cagamas)
    
    Bahagian IV: Isu-Isu Syariah Berkaitan Operasi Institusi-Institusi Sokongan Dalam Kewangan Islam (Bahasa Malaysia)
    1. Credit Guarantee Corporation (M) Berhad
    2. Danajamin Nasional Berhad
    3. Perbadanan Insurans Deposit Malaysia
    4. Perbadanan Gadai Janji Nasional
11. Part V: Shariah Issues in Islamic Finance (English)
    1. Winding Up of Islamic Banking Institutions
    2. Accounting and Reporting Standards in Islamic Finance
    3. Other Matters
    
    Bahagian V: Isu-Isu Syariah Berkaitan Kewangan Islam (Bahasa Malaysia)
    1. Pembubaran Institusi Perbankan Islam
    2. Piawaian Perakaunan dan Pelaporan Kewangan Islam
    3. Lain-Lain
12. Glossary (English)
    Glosari (Bahasa Malaysia)

Latest updates on Shariah Resolutions

1. Resolutions of Shariah Advisory Council of Bank Negara Malaysia on Ta'widh, Ibra' and Late Payment Charge ** NEW 2010/06/29
2. Resolutions of Shariah Advisory Council of Bank Negara Malaysia on Wa'd and Takaful Benefits ** NEW 2010/08/25

[Ishtiaq Farooq]

Shariah improving!Any new message from heavens? --- On Sat, 3/2/13, Maan Barazy <maanb...@gmail.com> wrote:

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