The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 181st SAC Meeting

The SAC of Bank Negara Malaysia at its 181st meeting on 27 October 2017 ruled on the following:
1)  Practice of insurance coverage for ijarah financing
2) The party bearing the risk in cases where the takaful / insurance compensation is insufficient to cover the balance of the ijarah financing in the event of total loss
3) Types of damage that lead to termination of ijarah contract
4) The issue of force majeure in ijarah contract

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