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No
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Title
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Status
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1.
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Developing an Alternative Model for Retakaful
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Completed
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2.
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An Analytical Study on Legal Disputes in Islamic Financial Services and the Way Forward
- To analyse courts' decisions on disputes related to Islamic financial services as well as trends of decisions of certain period.
- To identify legal-related factors that hinder robust development and proper recognition of Islamic Finance industry.
- To study on the need to reform existing legal and regulatory provisions and procedure.
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Data Collection
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3.
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Alternative Dispute Resolutions in Islamic Financial Services
- To study on feasibility of arbitration and other alternative dispute resolution.
- To create awareness among industry players and public about arbitration.
- To identify the most appropriate and most effective model of legal dispute resolution for Islamic services.
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Editing Stage
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4.
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A Comprehensive Review and Critical Appraisal of Islamic Home Financing
- To look at the current BBA and musyarakah mutanaqisah structures as implemented in Malaysia.
- To analyze the practice of Islamic home financing practice overseas.
- To propose Shari'ah Parameters for Islamic Home Financing
- To identify any legal, tax, risk management and shari'ah issues in the existing practice of BBA and musyarakah mutanaqisah.
- To propose viable alternative model for Islamic home financing which works in harmony within the rhythm of Malaysian framework.
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Data Collection
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5.
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Purchase Undertaking in Equity-Based Sukuk
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Writing Stage
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6.
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Comprehensive appraisal on Takaful model applied by Takaful operators in Malaysia
- To comprehensively examine Takaful model used in Malaysian market with regards to Shari’ah law, Insurance Act and Takaful Act.
- To explore and identify Shari'ah issues in the model practiced
- To conduct a comparative studies on the models used by various Takaful Operators in Malaysia.
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Data Analysis
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7.
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A Critical Appraisal of Shari’ah Issues in Sukuk –Developing a Comprehensive Sukuk Database
- To track all issucance of Sukuk and identify main Features in Sukuk structures (Sale based, Lease based, Equity based & exotic Sukuk)
- To identify the Shari'ah issues in the group of common structures.
- To detect the Shari'ah justification for Sukuk approval.
- To classify if the Shari'ah approval was a general ruleor an exemption and the reasons behind this classification from Shari'ah perspective.
- To develop a comprehensive Sukuk manual highlighting Shari'ah concerns.
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Data Collection
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8.
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Islamic Benchmark Pricing Mechanism
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Writing Stage
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9.
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Shari’ah Parameters of Islamic derivative in Islamic banking & Finance
- To identify the various Islamic derivative products that are being offered in the market;
- To examine how these products work;
- To highlight the Shariah issues faced by practitioners;
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Data Collection
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10.
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A Diagnosis of Tranching in light of Shari’ah Principles
- To fully comprehend the exact mechanics of tranching, how it works, its benefits and disadvantages.
- To explore and examine Shari`ah issues in the operation of tranching.
- To evaluate tranching application in current Islamic ABS’ and examine the Shari`ah issues.
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Data Collection
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11.
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Shari’ah Parameters on Insurable Interest
- To examine the concept of insurable interest with regards to Shari’ah perspectives, Conventional Insurance Act and Takaful Act.
- To conduct a comprehensive review on takaful product with regards insurable interest.
- To identify any legal, regulatory and legal impediments in the structuring of Shari`ah parameter
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Initial Stage
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