SUGGESTION

Islamic banking system or muamalat is a shariah-based transaction and it is not widely practiced
in this country. Due to that, many people in this country are still not exposed to this system and
even this country uses more conventional banking system. That is why business transactions that
do not follow Islamic law that ultimately result in illegal profits. Therefore, there are some
suggestions that can be highlighted to restore this situation from continuing.

RESTRUCTURING GOVERNANCE SYARIAH ISLAMIC BANKING

In the shariah governance system, sharia bodies play a role the most important as a authoritative
organization for oversee and supervise for ensure shariah compliance in every operation and
activity of this industry. Shariah bodies are entities legislation composed of para qualified
scholars in shariah and law, as well as independent and trusted for assume responsibility for
perform tasks on a regular basis professionals to regulate all activities in institutions Islamic
banking for a purpose shariah compliance included publish legal regulations related to the field
of banking Islam. The governance system plays a very important role in strengthening the
Islamic banking system in Malaysia. However, there are doubts about the effectiveness of this
institution in the Islamic banking system which ultimately gives widespread freedom to
conventional banks to practice untrue transactions. institutional reconstruction is the right action
to be taken by the government.[ CITATION MOH18 \l 1033 ]

CREATING A CENTRAL SYARIAH ADVISORY COUNCIL

At the national level, the Council Shariah Advisers have been established as an authoritative
sharia body to monitor aspects of the aspects sharia in the Islamic banking industry in Malaysia.
Shariah Advisory Council established by the Malaysian government and placed under the
structure administration of Bank Negara Malaysia. Usually, as is practiced by most countries, it
serves as a fatwa authority highest in the field of banking Islam and targeting efforts
harmonization and standardization sharia practice. The act of setting up a shariah advisor is a
very appropriate step as these advisors are able to investigate transactions that do not comply
with sharia law and can ultimately give some emphasis to conventional banking to provide
transactions that comply with shariah law.[ CITATION MOH18 \l 1033 ]
SPREAD AWARENESS TO THE COMMUNITY ABOUT THE MUAMALAT SYSTEM

The community needs to gain awareness of the advantages of the muamalat system by making
talks led by Islamic financial advisors, conducting religious talks led by ulama’ to open the eyes
of the community on the advantages of muamalat.This is very necessary to do to prevent the
community from continuing to conduct wrong trading activities and result in them consuming
illegal revenue without them realizing it. This activity is also strongly encouraged by Islam
which is to spread the truth to the local community. Rasulluah S.A.W once said that

"Whoever does one sunnah good in Islam, So for him is the reward of the sunnah and the
reward of those who follow it without being deprived of the slightest of their rewards (people
who follow it).[ CITATION UST17 \l 1033 ]

CONCLUSION

The main feature of the Islamic financial system lies in high ethical values which supports
governance and Islamic banking business operations. This industry is growing rapidly in the
atmosphere of that environment increasingly complex and challenging. Inside Islamic banking
system, robustness values and governance structure corporate, transparency, disclosure firm
information and compliance against the principles of shariah very emphasized. Therefore, an
administration strong and sustainable shariah management needed to realize the system robust
Islamic banking and competitive .In targeting a the ever-present Islamic banking system forward
and be an example to those countries offering banking business Islam, the important thing in
achieving this vision is by realizing a syariah governance framework comprehensive for banking
institutions and formulate implementation strategies A suitable and capable Islam meet the needs
of that industry dynamic in addition to improving confidence and stability in the system Islamic
finance.

References
ARIF, M. I. (2018). The Sustainability of the Muamalat principles in the Islamic Banking. Retrieved from
file:///C:/Users/user/Downloads/30908-95157-1-PB.pdf

FAUZI, U. M. (2017). MENYOKONG DAN MENDOKONG PERBANKAN ISLAM. Retrieved from

http://www.addeen.my/index.php/muamalat/perbankan-islam/item/289-menyokong-dan-
mendukung-perbankan-islam