This exposure draft sets out the Bank’s proposed requirements and expectations for the application of hajah (need) and darurah (dire necessity) by Islamic financial institutions in carrying out Islamic banking and takaful business.

Bank Negara Malaysia invites written feedback on the proposals in this exposure draft, including suggestions on areas to be clarified and alternative proposals that the Bank should consider. The written feedback should be supported with clear rationale, accompanying evidence or illustrations as appropriate to facilitate an effective review of this exposure draft.

Responses must be submitted via email to [email protected] by 28 February 2023. Submissions received may be made public unless confidentiality is specifically requested for the whole or part of the submission.

Issuance date
15 December 2022

Issuing department
Jabatan Sistem Kewangan Islam

Document
Exposure Draft on Hajah and Darurah