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

A comprehensive guide to one of the key risk management issues in the expanding field of Islamic finance For Islamic financial institutions, Sharia non-compliance is a growing and key risk that must be carefully managed. This book offers a thorough look at non-compliance risk and explains the legal documentation necessary to ensure compliance for professionals in the Islamic finance industry. In addition, the book offers helpful guidance and understanding for the legal departments of Islamic financial institutions, as well as lawyers, legal firms, Shariah advisors, Shariah officers, and students studying Islamic finance. The book covers fundamental concepts, major risk elements, tools and techniques for identifying non-compliance, legal documentation, and the impact of non-compliance, among other vital topics. Offers comprehensive coverage of the growing field of non-compliance risk management in Islamic finance Includes in-depth coverage of legal documentation Written by an expert on the topic who teaches at INCEIF, The Global University for Islamic Finance and IIUM, International Islamic University of Malaysia in Malaysia

About the Author

Associate Professor AHCENE LAHSASNA PhD, CIFP, ACIP, RFP, Sharī'ah RFP, Sharī'ah Advisor is currently a lecturer at the International Centre for Education in Islamic Finance (INCEIF) Malaysia, known as the Global University of Islamic Finance. He is also the Graduate Studies academic advisor at the same university. He received his bachelor's degrees in Islamic law and Islamic jurisprudence from Algeria, and his Master's and PhD degrees in Islamic law and Islamic jurisprudence from IIUM (Malaysia). Dr. Lahsasna is equipped with industry qualifications as follows: Certificate Islamic Capital Market Sharī'ah Advisor (I Advisor), offered by the Securities Industry Development Corporation (SIDC), Securities Commission Malaysia; Certificate Islamic Capital Market (sukuk and structured products), offered by the SIDC, Securities Commission Malaysia; Chartered Islamic Finance Professional (CIFP), offered by INCEIF; Registered Financial Planner (RFP) and Sharī'ah RFP, offered by MFPC. Dr. Lahsasna is also a member of the ACIFP, Association of Islamic Finance Professionals, and National Council of Malaysian Financial Planning. Currently, Dr. Lahsasna is a registered Sharī'ah advisor at Bank Negara Malaysia and Securities Commission Malaysia; serves as Sharī'ah board member of Maybank Islamic, Etiqa Takaful in Malaysia, and RGA Re-Takaful based in Labuan; is on the Sharī'ah Advisory Council of MFPC; and is chairman of Takaful and Sharī'ah RFP at MFPC, Malaysia. Dr. Lahsasna has been appointed by the Finance Agency Accreditation as FAP (FAA Accreditation Panel).