This course emphasizes on the legal and regulatory framework of Islamic banking and finance (IBF) in Malaysia. The course focuses on the applicable laws and the related regulatory authorities of IBF in Malaysia. The discussions will be based on the categories of the industries and their respective regulations that are Islamic banking and Takaful; and Islamic capital market.
Moreover, the course introduces participants to the similarities and differences between on-shore and off-shore regulations on Islamic banking and finance in Malaysia. The course will refer to the applicable legislations on the related industries as well as the guidelines issued by the regulatory authorities such as Bank Negara Malaysia (BNM), Securities Commission Malaysia (SCM) and Labuan Financial Services Authority (Labuan FSA). The course will end with a discussion on the dispute resolution mechanisms available in Malaysia such as judicial proceeding, arbitration, mediation and financial ombudsman.
