Shariah compliance in all matters
Elevating Board Effectiveness in a Financial Institution Boardroom
Malaysia’s proactive approach to developing a holistic Islamic finance ecosystem has emphasised Shariah compliance in all aspects of legal, prudential, operational and governance matters. Malaysia’s regulators and the Malaysian finance industry have worked continuously and collaboratively for over 30 years to develop policies, guidelines and frameworks with an emphasis on robust shariah compliance, including the recently gazetted Islamic Financial Services Act 2013, regarded by many as a “landmark law” for its multifaceted regulatory objectives and its contribution towards the sector’s financial stability.
