Page 53 - AQIF M1

4
50
Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

Based on the definitions, Muslim scholars further divided Siyāsah Shar‘iyyah
into three types:

1. Siyāsah Iqtiṣādiyyah

Siyāsah Shar‘iyyah relating to the management and administration
of the government in economic matters includes the following example:

a. Bank Negara Malaysia (BNM) / Central Bank of Malaysia

b. Securities Commission (SC)

c. Association of Islamic Banking Institutions of Malaysia
(AIBIM)

2. Siyāsah Idāriyyah

Siyāsah Shar‘iyyah relating to the management and administration
of the government, in matters pertaining to social and general
administration of the state includes the following examples:

a. Agensi Antidadah Kebangsaan (AADK) / National Anti-Drugs
Agency

b. Jabatan Kehakiman Syariah Malaysia (JKSM) / Syariah Judiciary
Department Malaysia
c. Majlis Amanah Rakyat / Council of Trust for the People (MARA)

3. Siyāsah Qaḍā’iyyah

Siyāsah Shar‘iyyah relating to the management and administration
of the government, in matter pertaining to juridicial and administration
of justice justice includes the following examples:.

a. Civil Courts
b. Shariah Courts

c. The Kuala Lumpur Regional Centre for Arbitration (KLRCA)