Shari'ah Non-compliance Risk Management and Legal Documentations in Islamic Finance

Index

A

Accountability of compliance staff, 10

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), 49–50, 133

accounting and reporting standards, 145

obligations and functions of Sharī`ah board, 115

Sharī`ah committee/board, definition of, 113

Sharī`ah governance framework (SGF), 119–123

Sharī`ah pronouncement of 2008 clause six (6), 115

Sharī`ah standards, 78

sukuk, 206–207

Adequacy, review in Sharī`ah compliance, 21

Agency Letter, 51

Al-ahkam, 5–6

Al-Khudri, Abu Sa’id, 44

Al-Samit, Ubadaibn, 44

Anti-money laundering, 9

Application Form, T&C, 51

Appointment or termination of a Sharī`ah committee member, 31, 117–118

Ariayh contract, 98

Asset Purchase Agreement, 51

Asset Sale Agreement, 51

Audit, 20–21

compliance audit on organization structure, people, processes, and information technology, 20–21

of financial statement, 20–21

Sharī`ah. See Sharī`ah audit

Australian Standards AS3806, 10

Authority of compliance staff, 10

B

Bai` al-dayn, 51, 93

Bai` al istijrar, 93

Bai` al-usul, 51

Bai` amanah (Hanbali Mazhab), 92

Bai` bithamanajil (deferred-payment sale), 51, 91–92

legal documentation, 194–197

Bai` fuqara`, 93

Bai` `inah, 51, 92

Bai` `inah contract, 198–199

Bai` jaiz, 92

Bai` ma`dum, 195

Bai` mafalis, 93

Bai` mahawij, 93

Bai` man kasadatbidha`atuhu, 93

Bai` muzayadah, 93

Bai` sarf, 51

Bai` thanaya (Maliki Mazhab), 92

Bai` `uhdah (Syafi`iMazhab), 92

Bai` wafa`, 92

Bank Guarantee, 51

Banking Act of 1973, 29

Banking and Financial Institutions Act ...