The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 165th Meeting

Shariah Advisory Council (SAC) of the Central Bank of Malaysia in its 165th meeting dated 26 January 2016 has discussed on the issue of application of tabarru` contract (voluntary gift) in takaful, transfer of ownership of hibah asset, breach of condition in wakalah bi al-istithmar contract (agency contract for investment) and wa`d (promise) which is attached to action, time or situation.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking