Exposure Drafts on Islamic Financial Contracts (Shariah Requirements and Optional Practices)

As part of the objective to strengthen the Shariah-compliance culture among Islamic financial institutions (IFIs), Bank Negara Malaysia (the Bank) is issuing a series of policy documents on Shariah contracts to enhance the end-to-end compliance with Shariah.

These Exposure Drafts (EDs) outline the Shariah requirements and optional practices relating to wadi`ah, hibah, kafalah, wakalah, wa`d, tawarruq and bai` `inah respectively to facilitate IFIs in developing Islamic financial services and products.

The Bank invites written comments from the public on these EDs, including suggestions for particular issues or areas to be further clarified/elaborated further and any alternative proposal that the Bank should consider.

Written comments in the form of softcopy are preferable and may be submitted to [email protected] by 10 January 2014. Hardcopy of the written feedback may also be submitted to:

Pengarah
Jabatan Perbankan Islam dan Takaful
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Malaysia

Issuing Department 
Islamic Banking & Takaful Department

Download Attachment(s)

• Attachment 1 - Exposure Draft Hibah (Shariah Requirements & Optional Practices)
• Attachment 2 - Feedback Form for Hibah (Shariah Requirements & Optional Practices)
• Attachment 3 - Exposure Draft Bai` `Inah (Shariah Requirements & Optional Practices)
• Attachment 4 - Feedback Form for Bai` `Inah (Shariah Requirements & Optional Practices)
• Attachment 5 - Exposure Draft Kafalah (Shariah Requirements & Optional Practices)
• Attachment 6 - Feedback Form for Kafalah (Shariah Requirements & Optional Practices)
• Attachment 7 - Exposure Draft Wakalah (Shariah Requirements & Optional Practices)
• Attachment 8 - Feedback Form for Wakalah (Shariah Requirements & Optional Practices)
• Attachment 9 - Exposure Draft Wadi`ah (Shariah Requirements & Optional Practices)
• Attachment 10 - Feedback Form for Wadi`ah (Shariah Requirements & Optional Practices)
• Attachment 11 - Exposure Draft Wa`d (Shariah Requirements & Optional Practices)
• Attachment 12 - Feedback Form for Wa`d (Shariah Requirements & Optional Practices)
• Attachment 13 - Exposure Draft Tawarruq (Shariah Requirements & Optional Practices)
• Attachment 14 - Feedback Form for Tawarruq (Shariah Requirements & Optional Practices)