Empirical Study on the Creation of Islamic Concepts and Characteristics in Islamic Finance: A Case on Malaysia

2016 Fiscal Year Final Research Report

• Project/Area Number: 25870206
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Area studies; Money/ Finance
• Research Institution: Tokyo University of Foreign Studies
• Principal Investigator: FUKUSHIMA YASUHIRO 東京外国語大学, アジア・アフリカ言語文化研究所, 研究員 (20598908)
• Project Period (FY): 2013-04-01 – 2017-03-31
• Keywords: イスラーム金融 / イスラーム法 / シャリーア / マレーシア / シャリーア・ボード

Outline of Final Research Achievements

This study aims to clarify the process of creation of Islamic concepts and characteristics in Islamic finance, focusing on a Shari’ah board which is organized by an Islamic financial institution in Malaysia.
As the result of research, it is possible to point out as follows. Firstly, a Shari’ah board has the three functions, that is, Shari’ah review function, Shari’ah research function, and Shari’ah audit function. Secondly, a Shari’ah board establishes Shari’ah governance with the above thee functions. And thirdly, an Islamic financial institution realizes Islamic concepts and characteristics with Islamic financial commodities and services, some kinds of business operations, and CSR activities.

Free Research Field

マレーシア地域研究