IDEAS home Printed from https://ideas.repec.org/a/eme/jmlcpp/13685201111147513.html
   My bibliography  Save this article

Money laundering laws and principles ofShari'ah: dancing to the same beat?

Author

Listed:
  • Siti Faridah Abdul Jabbar

Abstract

Purpose - The purpose of this paper is to analyse the criminalisation of money laundering, corporate criminal liability for money laundering, equitable liability of professional intermediaries for money laundering and defence of disclosure from the perspective ofShari'ah. Design/methodology/approach - The approach is to interpret and analogise the injunctions in the primary sources ofShari'ah, namely theQur'anandSunnah. Findings - In Islam, money laundering can be classified as a criminal offence ofta'zir, corporations cannot be made criminally liable for money laundering, professional intermediaries can be made equitably liable for money laundering and defence of disclosure is acceptable. Practical implications - Money laundering laws can be adopted with some modifications by Muslim jurisdictions whereShari'ahis the principal source of law. Originality/value - The paper presents novel insights into the compatibility of money laundering laws with the principles ofShari'ah.

Suggested Citation

  • Siti Faridah Abdul Jabbar, 2011. "Money laundering laws and principles ofShari'ah: dancing to the same beat?," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 14(3), pages 198-209, July.
    • Handle: RePEc:eme:jmlcpp:13685201111147513
    DOI: 10.1108/13685201111147513
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/13685201111147513/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/13685201111147513/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/13685201111147513?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jmlcpp:13685201111147513. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.