Malaysian two-tier Shari'ah governance framework for Islamic financial institutions: what does the Malaysian model offer?

Examines the two-tier governance framework designed to ensure that Malaysia's Islamic banking and finance sector remains compliant with Sharia law, including the roles played by the Sharia Advisory Council (SAC) of the Central Bank of Malaysia and the independent Sharia committees that advise individual institutions. Outlines the main duties of the committees and the rules on their appointments. Discusses the SAC's dispute resolution functions.