Year 2017, Volume 3, Issue 2, Pages 105 - 112 2017-12-27

If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance

Farid Sufian Shuaib [1]

74 177

Malaysia adopts the principle of separation of powers where the function of the legislature is to enact laws, the executive to govern in accordance with the law and the court to decide disputes and to apply the law. It is an aberration when the law provides that a court of law has to revert to a body of scholars in determining what the law in deciding disputes between parties is. However, this occurs in Malaysia in the area of Islamic finance where the law establishes a Shariah Advisory Council consisting of scholar of Islamic finance under the auspices of the Malaysian Central Bank. The decision of the Shariah Advisory Council is final and binding upon any arbitration bodies and courts. This paper adopts a doctrinal analysis approach in examining this issue from the perspective of the constitution and the legal system, and seeks to reconcile this aberration with the reality of the practice of law and the practice of Islamic finance in Malaysia. The paper then examines alternative to this mechanism. 

Separation of powers, Islamic finance, constitution
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Subjects Law
Journal Section Makaleler
Authors

Author: Farid Sufian Shuaib

Bibtex @research article { tfm372381, journal = {Ticaret ve Fikri Mülkiyet Hukuku Dergisi}, issn = {2149-4576}, address = {Ankara Yildirim Beyazit University}, year = {2017}, volume = {3}, pages = {105 - 112}, doi = {}, title = {If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance}, key = {cite}, author = {Sufian Shuaib, Farid} }
APA Sufian Shuaib, F . (2017). If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance. Ticaret ve Fikri Mülkiyet Hukuku Dergisi, 3 (2), 105-112. Retrieved from http://dergipark.gov.tr/tfm/issue/33429/372381
MLA Sufian Shuaib, F . "If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance". Ticaret ve Fikri Mülkiyet Hukuku Dergisi 3 (2017): 105-112 <http://dergipark.gov.tr/tfm/issue/33429/372381>
Chicago Sufian Shuaib, F . "If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance". Ticaret ve Fikri Mülkiyet Hukuku Dergisi 3 (2017): 105-112
RIS TY - JOUR T1 - If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance AU - Farid Sufian Shuaib Y1 - 2017 PY - 2017 N1 - DO - T2 - Ticaret ve Fikri Mülkiyet Hukuku Dergisi JF - Journal JO - JOR SP - 105 EP - 112 VL - 3 IS - 2 SN - 2149-4576- M3 - UR - Y2 - 2017 ER -
EndNote %0 Ticaret ve Fikri Mülkiyet Hukuku Dergisi If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance %A Farid Sufian Shuaib %T If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance %D 2017 %J Ticaret ve Fikri Mülkiyet Hukuku Dergisi %P 2149-4576- %V 3 %N 2 %R %U
ISNAD Sufian Shuaib, Farid . "If You Don’t Trust Judges, Let the Scholars Decide: the Primacy of the Malaysian Shariah Advisory Council on Islamic Finance". Ticaret ve Fikri Mülkiyet Hukuku Dergisi 3 / 2 (December 2017): 105-112.