This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo
Back to library search

Challenges of In-House Counsel in The Face of Developments in Islamic Banking - A Malaysian Perspective

June 2010
RegulationBanking & Finance

Abstract

In response to the aspirations of a large number of Muslims in the country and as an alternative to the conventional method of banking which has been established, the Government introduced Islamic banking in the early 1980s with the setting up of the first Islamic bank in Malaysia in 1983, pursuant to the promulgation of the Islamic Banking Act in the same year. This was followed by the launch of the second Islamic bank in the late 1990s and most local banks have since then started off with an Islamic ‘window’ to undertake Islamic banking activities.

Authors

Portrait image of Nazlan Ghazali
Nazlan Ghazali
Group General Counsel & Company Secretary, Maybank, Malaysia

Mohd Nazlan Mohd Ghazali is the Group General Counsel & Company Secretary of Malayan Banking Berhad ("Maybank and is also its Group Head of Corporate & Legal Services. He graduated with a Bachelor of Arts in Jurisprudence as well as Master of Arts, both from the University of Oxford. He is also Barrister at Law (Lincoln’s Inn) and Advocate & Solicitor of the High Court of Malaya. He was Partner and Head of Equity Capital Markets at a leading law firm, Messrs Zaid Ibrahim & Co, specializing mainly on corporate, financial services and securities law matters, particularly in respect of corporate transactions such as capital raising and M&As before joining Maybank in 2005. Prior to that, he was with the Securities Commission of Malaysia (SC) for about seven years until 2000 and his last position was as the Head/General Manager of the Enforcement Division, with overall responsibility over the investigation, prosecution and complaints departments. He had also earlier served the Executive Chairman’s Office and the Issues & Investment Division whilst at the SC. Mohd Nazlan started his working career in 1991 at the law firm of Messrs Shook Lin & Bok, Kuala Lumpur, handling corporate, conveyancing and banking law matters.

Companies

Maybank logo

Maybank

Malayan Banking Berhad and its group of companies ("Maybank") is the largest banking group in Malaysia and has a strong regional presence in South East Asia with total assets of Ringgit Malaysia 560 billion and with a staff strength of 47,000 serving over 22 million customers. Maybank offers a comprehensive range of financial services ranging from corporate and consumer banking, investment banking, insurance and takaful, asset management, Islamic banking, offshore banking, stock broking, venture capital financing and internet banking with 2,200 offices in 20 countries. It was also ranked amongst the top 20 Strongest Banks in the world.

Maybank

Malayan Banking Berhad (Maybank) is the largest banking group in Malaysia and has a strong regional presence in South East Asia. Total assets of RM331 billion Total Shareholders' funds of RM26.7 billion More than 39,000 Maybankers serving over 16.3 million customers

Related Papers