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Bai` al-Sarf (Currency Exchange)
Bank Negara Malaysia issued the Shariah Standards on Bai` al-sarf that took effect in April 2019 aims to promote end-to-end Shariah compliance and sound banking practices, as well as to safeguard consumer interests. In this regard, the Shariah standards sets out salient features and essential conditions of Bai` al-sarf including as well as regulatory and supervisory expectations for the operational requirements on governance and oversight, structuring, risk management and market conduct
