Abstract
The models of Sharīʿah supervisory governance differ from one country to another. In some countries, there is central Sharīʿah Supervisory Boards at Central Bank level such as Malaysia. Whereas, in other countries, there are the Sharīʿah Supervisory Boards at bank level only, such as Bahrain. Therefore, this paper discussed the model of Sharīʿah governance for Islamic banking and finance in Malaysia. It explained the establishment of Sharīʿah Boards for Islamic bank and finance in Malaysia as well as the process of appointing Sharīʿah governance board for IFIs in Malaysia. Moreover, the Sharīʿahgovernance in Islamic bank in Malaysia and legal framework was analysed. The study concluded by identifying Malaysia as a strong proponent of regulation-based model.
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