الرقابة الشرعية على النوافذ الإسلامية بالبنوك التقليدية : دراسة تحليلية للتجربة الماليزية

Abstract

Islamic windows in conventional banks have become a reality in many banking and financial institutions. Regardless of the incentives and reasons behind the establishment of these windows, they have become, indeed, a major component of the Islamic Banking industry in Malaysia and many other countries. Although the Islamic institutions in Malaysia were established in the middle of conventional . financial system, the Islamic windows were born as a result of the development of the Islamic Banking industry in Malaysia later. They were born in the custody of a conventional financial system, which gave them an exceptional treatment as compared to what the Islamic windows gained before. This is an analytical critical study that deals with the work of shariah supervisory board in Islamic windows. It also coincidently takes into consideration the exceptional situation of the Islamic windows as one of the Islamic financial institutions and the efforts being exerted to refine the performance of these institutions by the supervisory authorities of the Islamic Banking Industry in Malaysia, where the Central Bank of Malaysia act as the regulator. Whatsoever the results will be from these continuous efforts to refine the performance of Islamic windows in conventional banks concurrently with the other Islamic Banking and Financial institutions. The Islamic windows need a special effort and in depth study to ensure that they are operated on the tenets of Islamic rulings and shariah principles. The study may also enhance the Islamic windows' compliance with shariah in their operations and dealings with either the main conventional bank or other Islamic or conventional financial institutions.