Malaysia launches first ever syariah index

2015-02-13 06:14:32 | Al Muslim News
Malaysia launches first ever syariah index

 

Malaysia launched the first ever syariah index in the world which will serve as a benchmark to determine if the country is fulfilling the objectives of Islamic principles.
The Malaysian Syariah Index, a product that complements Islamic governance through a more comprehensive shariah requirement, launched by prime minister Najib Razak, will gauge objectively and scientifically, Malaysia’s commitment in achieving the five aspects of the Maqasid Syariah (objective of Islamic principles). It will cover five aspects protecting religion, life, mind, race and property. The index would also identify areas for improvement for a government to focus on.
The benchmarking will cover eight main areas – judicial, economy, education, infrastructure and environment, health, culture, politics and social.
On the formation of the index model, Najib said the technical committee made benchmarking visits to four Islamic countries namely Indonesia, Pakistan, Turkey and Morocco to look at the level of shariah compliance in selected fields.
The index would correct the perception that not labeling something as Islamic did not mean a programme, initiative or policy was not Islamic or less Islamic, he said.
Najib said that a huge numbers of Mudharabah Account holders in Islamic banks in Malaysia are non-Muslims. Nearly 68 per cent of holders of Malaysia halal certification are non-Muslims..

Tags: #

Latest News

What to Next

Finance minister and PM's son to be appear before joint investigation team today.

ISLAMABAD: The joint investigation team (JIT) probing the Sharif family's business dealings abroad has summoned finance minister Ishaq Dar to appe... More

Pakistan blast victims end sit-in as demands met

Islamabad, Pakistan - Thousands of protesters in the northwestern Pakistani city of Parachinar have ended a week-long sit-in following twin blasts tha... More

Large gathering to pray in collective funeral, held for Bahawalpur oil tanker fire victims

BAHAWALPUR: Collective funeral prayers for the victims of Bahawalpur oil tanker fire was held in Ramzan Joiya village, Ahmedpur East, here on Tuesday ... More

At least 123 killed in tanker fire near Bahawalpur

At least 123 people have been burnt alive and dozens of others injured after an oil tanker caught fire and exploded near Bahawalpur in Pakistan's ... More

Qatar denied all dictations from Saudi Arabia.

Qatar has dismissed a list of demands submitted by four Arab nations as neither reasonable or actionable.   This list of demands confirms w... More

Twin blasts kill dozens in Parachinar market

At least 26 people have been killed and 75 others wounded when twin explosions ripped through a crowded market in northwest Pakistan, according to off... More

Afghanistan suicide bomb kills at least 34

At least 34 people were killed in a suicide bombing in Afghanistan's southern Helmand province on Thursday. The bombing targeted Afghan troops ... More

India arrests 15 for celebrating Pakistan`s Champions Trophy victory

NEW DELHI: Indian police have in remission fifteen Muslims and filed offence charges against them for celebrating Pakistan’s triumph against Ind... More

Younis becomes first Pakistani to score 10,000 runs in Test cricket

KARACHI: Seldom have we waited for a sporting milestone with such eagerness, and anxiety, as we did for master batsman Younis Khan to complete 10,000 ... More

30