IFSA 2013: Commentaries On Islamic Banking And Finance


The enactment of the Islamic Financial Services Act 2013 (IFSA 2013) marks an exceptional milestone in the development of the domestic Islamic financial industry. While the Act caters to all regulatory and supervisory aspects of the industry, this book aims to provide a succinct commentary on the provisions within the Islamic Banking parameters. As the nature of legislative demands change from a detailed and prescriptive approach to one which is principle-based, this book provides a perfect companion to assist readers in understanding and navigating the current legislative maze on Islamic Banking.


About The Author

  • Mohd Johan Lee is an Advocate and Solicitor of the High Court of Malaya and the managing partner of J. Lee & Associates. He holds an LLB (Hons) degree from the International Islamic University Malaysia (IIUM); a Master of Comparative Laws degree and a Postgraduate Diploma in Shariah and Legal Practice from the same university; and an MA in Economics for Competition Law from King’s College London. He is currently a qualified member of the Chartered Institute of Arbitrators, UK as well as a mediator of the Malaysian Bar. He has lectured and provided training in numerous governmental institutions and universities. He is now a member of the Shariah Advisory Council (SAC) of the Association of Islamic Banking Institutions Malaysia (AIBIM).
  • Dr. Umar A. Oseni is an Associate Professor at the Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia (IIUM). Prior to joining IIUM, he was a Visiting Fellow at Islamic Legal Studies Program, Harvard Law School, United States. He received his LLB (Hons) in Common Law and Islamic Law from the University of Ilorin, Nigeria; Master of Comparative Laws (with Distinction), and PhD from the IIUM. Apart from being an Associate Editor of IIUM Law Journal, he has published widely on current legal and regulatory issues in Islamic finance and Alternative Dispute Resolution. He is a co-author of the first textbook on Islamic Finance titled Introduction to Islamic Banking and Finance: Principles and Practice (England, Pearson Education Limited, 2013), and Alternative Dispute Resolution in Islam (Kuala Lumpur, IIUM Press, 2013). He is a member of Young International Arbitration Group, London Court of International Arbitration; Chartered Institute of Arbitrators (CIArb, UK); Academy of Legal Studies in Business, United States; and International Council of Islamic Finance Educators (ICIFE).