Browsing by Author Muhamad Sori, Zulkarnain

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Showing results 19 to 38 of 84
  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • item.jpg
  • Master


  • Authors: Hussain, Siti Noorbaini (2018)

  • Amanah Ikhtiar Malaysia or history of AIM is closely linked to the establishment of Grameen Bank. It all began when Prof. Dr Muhammad Yunus, Economic lecturer at Chittagong University of Bangladesh conducted a study in 1976 with a sample of poor community that rarely engage in the banking world. From his study, these poor people are not able to improve their standard of living due to lack of capital. Therefore, Prof. Yunus suggests that capital injection is a basic human right and shall be given to the poor people in helping them to improve their social and economic welfares ...

  • challenges_facing_shariah_committees_malaysian_islamic_financial_institutions_shamsher.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant, which has important implications on their reputation, Shariah governance and the future growth of Islamic finance industry. Sixteen Chairmen of the Shariah Committees of Islamic financial institutions in Malaysia were interviewed on the challenges faced in carrying out their responsibilities and theri views on effective Shariah Committees. This paper summarizes the various challenges faced by Shariah committees in Islamic financial institutions in Malaysia.

  • A_closer_look_at_accounting_for_Islamic_financial_institutions_Zulkarnain.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail, Nurazleen; Muhamad Sori, Zulkarnain (2017)

  • This paper provides a discussion of a study that examines accounting in Islamic perspectives. The discussion includes an overview of the development of Islamic finance, accounting in Islamic perspectives, and four key accounting assumptions, namely "substance over form", "time value of money", "fair value" measurement and "recognition based on probability", which serve as important guides to preparers of financial information.

  • commercialization_accounting_profession_case_non-audit_services_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Karbhari, Yusuf; Ramadili Mohd, Shamsher Mohamad (2010)

  • Over the last decade, the accounting profession has witnessed the commercialisation of audit firms through offering of non-audit services (i.e. business consultancy services) to their audit client. Regulators and stakeholders have placed a great concern on the potential threat of commercialization of audit services on perceived auditor independence. This study reports the effects of the joint provision of audit and non-audit services (NAS) and the type of NAS on perceived auditor independence. The main findings suggest that auditor independence is perceived to be compromised when audit and NAS were jointly offered by audit firms. However, when there exist proper segregation of duties ...

  • comparison_of_MASB_AAOIFI_accounting_conceptual_frameworks_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper aims to present comparison of conceptual framework published by the Malaysian Accounting Standards Board (MASB) (fully converged with the standards issued by the International Accounting Standards Board (IASB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). As the Islamic finance industry evolved, some scholars proposed that the Islamic Financial Institutions (IFIs) should have different accounting standards to serve their need to report the unique financial information needs. The research is motivated by the introduction of accounting standards by the AAOIFI to fulfill the financial reporting needs of Islamic finance industry that ...

  • chapter 2_comparison_MASB_AAOIFI_Zulkarnain_Shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2019)

  • This chapter provides new findings to accounting and finance literature, where, it compares the conceptual framework of both of the MASB- and the AAOIFI- in the context of financial reporting of Islamic financial institutions (IFls). The conceptual framework or some authors referred as "accounting constitution" set the tone for a consistent accounting standards and become a reference point for developing future standards for financial accounting and reporting (Barker et al., 2014; Abela et al., 2014; Holzmann & Munter, 2014 (Sutton et al., 2015; Gebhardt et aI., 2014; Norby, 1977; Gore & Zimmerman, 2007). In this context, more than 120 countries (including major players in Islamic fin...

  • chapter 11_conclusion_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain (2019)

  • Islamic finance industry has grown rapidly over the last few years, where the 2018 Islamic Finance Development Report by Thomson Reuters reported that the year on year growth by of 11% to US$2.4 trillion in assets in 2017 and predicted that it would grow to $3.8tn of assets by 2023 (Thomson Reuters, 2018). Realising the importance of the industry, this book examines various issues on Accounting and Governance of Islamic financial institutions. In fact, the unique feature of Islamic financ that is based on the shariah principle warrants critical examination on various issues relating to accounting of Islamic financial transactions. Basically, business dealings are prohibited to contain...

  • contemporary issues in financial reporting_zulkarnain et al.jpg.jpg
  • Book


  • Authors: Muhamad Sori, Zulkarnain; Abdul Wahab, Sazali; Al Homsi, Mahmoud (2019)

  • This book presents contemporary issues in financial reporting of Islamic financial institutions. Two key areas are covered namely, accounting for Islamic financial transactions and shariah governance. The main motivation to publish this book is to share our understanding on the unique nature of Islamic finance industry and the approach taken in accounting and reporting of Islamic financial transactions. Also, the book illustrate the importance of shariah governance in ensuring end-to-end shariah compliance. This book is to provide a practical guidance to researchers, industry practitioners and the other stakeholders.

  • corporate_governance_from_a_global_perspective.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • This chapter deliberates on the international initiatives aimed at reforming and harmonizing corporate governance at a global, highlighting the difficulties of categorizing such a diversity of systems such that of the United Kingdom (UK), the United States (US), Germany and Japan. The polarization of corporate governance may have arisen from differences that exist between cultures and legal systems.

  • corporate_governance_practices_and_firms_performance_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Mohamad Mokhtar, Shabnam; Muhamad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Zainal Abidin, Zaharuddin; Mohd Nasir, Azhar; Yaacob, Abu Sofian; Mustafa, Hasri (2009)

  • This paper examines the relationship between corporate governance practices and company performance. In this study, a Mann-Whitney U test was performed to compare the performance between 5 Malaysian companies that practice good corporate governance and 5 Malaysian companies that did not practice good corporate governance. A study by Standard & Poor's in 2004 was the main source to identify companies practicing good corporate governance and vice versa. Financial ratios namely return on assets, return on equity, earnings per share and profit margin were used as a measure of company performance. It is found that there is no difference in performance between companies that practice good c...

  • corporate_governance_practices_in_malaysia.pdf.jpg
  • Book


  • Authors: Muhamad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • This book contains 17 chapters contributed by authors specializing in the related areas. The objective of the book is to disseminate research findings and ideas on corporate governance issues including environmental highlights from empirical works and literature reviews. This book will provide bases of reference for companies in enhancing their governance practices as well as for future researchers.

  • item.jpg
  • PhD


  • Authors: Alhamdani, Gamal Nassar Ali (2017)

  • Technology Startups (TSs) are critical to develop economic capacity, support innovation and stimulate entrepreneurial spirit In a nation. As TSs embark on innovative and disruptive journeys, they face their biggest challenge: financing. This study aims to examine the determinants of financing among TSs in Malaysia while critically examining the role of Islamic Finance. The study adopts a triangulation methodological approach, which consists of questionnaire survey and semi-structured interviews. It focuses on Malaysian technology startups, entrepreneurs and their financing needs mainly at two stages: the early stage and the later stage. The study examines the following dependent varia...

  • diversification_across_economic_sectors_implication_portfolio_investments_Malaysia_Zulkarnain_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2006)

  • Due to the increasing efforts towards regional and global economic integration, the effects of "country specific" factors are becoming less important in managing domestic portfolio investments. Consequently the concept of diversification across economic sectors has received attention in literature. This paper analyzes the opportunity for diversification across different economic sectors for long-term investment using sectorial indices. The findings indicate high but unstable correlation of returns between indices. This implies that investment managers should account for potential movements in sector-specific and sub-sector-specific risks. The findings imply that investment in one or t...

  • do_provision_of_nonaudit_2788.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Karbhari, Yusuf; Turmin, Siti Zaidah; Osman, Mohammad Noor Hisham (2015)

  • This chapter examines the effects of provision of different types of non-audit services on perceived auditor independence from the perspective of Malaysian capital market participants. The globalisation of the accounting profession and the subsequent increase in competitiveness and the need to survive has forced many auditing firms to diversify into non-audit services and has created 'the multidisciplinary nature of large audit firms'(Michael, 2014; Alexander and Hay, 2013; Brierley and Gwilliam, 2003; Michael, 2014).

  • effect_corporate_governance_firms_credit_ratings_ng et al.jpg.jpg
  • Chapter in Book


  • Authors: Ng, Yan Ling; Muhamad Sori, Zulkarnain; Lee, Teck Heang (2012)

  • Malaysia experienced rapid economic growth at an average annual Gross Domestic Product (GDP) growth of 8.5% during the 1990s due to its financial liberalization policy. This rapid growth came to a halt after the impact of the Asian financial crisis occurred on 1997-1998 causing the economy into recession. This prompted the Malaysian government to urgently develop a sophisticated capital market backed by an efficient regulatory framework to instil investors' confidence in order to attract capital inflow from the local and foreign investors to restart the economy.

  • effectiveness_shariah_committees_Malaysian_Islamic_financial_institutions_practical_perspective_shamsher_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain (2016-07-13)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated requirement by the central bank on every Islamic Financial Institution (IFI) to ensure the expected level of Shariah-compliance in their business operations. Unlike their conventional counterparts that focus only on maximizing the wealth of shareholders, IFIs has an extra responsibility to protect the interests of all stakeholders (including shareholders) and ensure that no injustice of any kind...

  • an_empirical_study_audit_committee_practices_Shaharatulfazzah et al.jpg.jpg
  • Chapter in Book


  • Authors: Mohd Saad, Siti Shaharatulfazzah; Muhamad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Evans, Jonathan Gerard; Abdul Wahab, Sazali (2012)

  • An audit committee would effectively deliver their duties if there were adequate resources. In the US, the National Association of Corporate Directors (NACD) (2000) pointed out that 'sufficient resources' is one of the three keys to an effective oversight process of an audit committee. Consistently, Treadway Report stressed the importance for an audit eommittee to have adequate resources and authority to effectively discharge their duties (Treadway, 1987) ...

  • item.jpg
  • PhD


  • Authors: Hussin, Syaryanti (2019)

  • One of important non-financial information to be disclosed by IFIs is the information related to environment, social and governance (ESG) matters. Solid ESG practices result in lower risk and better operational performance of firm. The increasing cases of corporate collapse over non-financial issues during the last decades have highlighted the importance of ESG disclosure. IFIs have been seen left behind in term of providing their stakeholders with enough information to the stakeholders' attached surrounding from environmental aspect. In addition of that , the study examines SC characteristics from SC size, SC meeting and international member on the linkages between governance mechani...

  • chapter_6_examination_of_the_shariah_committee_role_in_Islamic_financial_institutions_Zulkarnain_Shamsher_Eskandar.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • The system of corporate control, effective and efficient governance that is consistent with Shariah guidance has been an important agenda for Islamic Financial Institutions since the existence of Islamic Finance in Malaysia. This is especially important in light of rapid growth in Islamic Finance industry not only in Malaysia but globally. For example, the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (CAGR) of 17.4% between 2009 and 2014 (Ernst & Young, 2014). The well-functioning Islamic Finance industry can only be sustained if there is good corporate governance practice by IFIs that comply with Shariah guidance....

Browsing by Author Muhamad Sori, Zulkarnain

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 19 to 38 of 84
  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • item.jpg
  • Master


  • Authors: Hussain, Siti Noorbaini (2018)

  • Amanah Ikhtiar Malaysia or history of AIM is closely linked to the establishment of Grameen Bank. It all began when Prof. Dr Muhammad Yunus, Economic lecturer at Chittagong University of Bangladesh conducted a study in 1976 with a sample of poor community that rarely engage in the banking world. From his study, these poor people are not able to improve their standard of living due to lack of capital. Therefore, Prof. Yunus suggests that capital injection is a basic human right and shall be given to the poor people in helping them to improve their social and economic welfares ...

  • challenges_facing_shariah_committees_malaysian_islamic_financial_institutions_shamsher.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant, which has important implications on their reputation, Shariah governance and the future growth of Islamic finance industry. Sixteen Chairmen of the Shariah Committees of Islamic financial institutions in Malaysia were interviewed on the challenges faced in carrying out their responsibilities and theri views on effective Shariah Committees. This paper summarizes the various challenges faced by Shariah committees in Islamic financial institutions in Malaysia.

  • A_closer_look_at_accounting_for_Islamic_financial_institutions_Zulkarnain.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail, Nurazleen; Muhamad Sori, Zulkarnain (2017)

  • This paper provides a discussion of a study that examines accounting in Islamic perspectives. The discussion includes an overview of the development of Islamic finance, accounting in Islamic perspectives, and four key accounting assumptions, namely "substance over form", "time value of money", "fair value" measurement and "recognition based on probability", which serve as important guides to preparers of financial information.

  • commercialization_accounting_profession_case_non-audit_services_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Karbhari, Yusuf; Ramadili Mohd, Shamsher Mohamad (2010)

  • Over the last decade, the accounting profession has witnessed the commercialisation of audit firms through offering of non-audit services (i.e. business consultancy services) to their audit client. Regulators and stakeholders have placed a great concern on the potential threat of commercialization of audit services on perceived auditor independence. This study reports the effects of the joint provision of audit and non-audit services (NAS) and the type of NAS on perceived auditor independence. The main findings suggest that auditor independence is perceived to be compromised when audit and NAS were jointly offered by audit firms. However, when there exist proper segregation of duties ...

  • comparison_of_MASB_AAOIFI_accounting_conceptual_frameworks_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper aims to present comparison of conceptual framework published by the Malaysian Accounting Standards Board (MASB) (fully converged with the standards issued by the International Accounting Standards Board (IASB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). As the Islamic finance industry evolved, some scholars proposed that the Islamic Financial Institutions (IFIs) should have different accounting standards to serve their need to report the unique financial information needs. The research is motivated by the introduction of accounting standards by the AAOIFI to fulfill the financial reporting needs of Islamic finance industry that ...

  • chapter 2_comparison_MASB_AAOIFI_Zulkarnain_Shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2019)

  • This chapter provides new findings to accounting and finance literature, where, it compares the conceptual framework of both of the MASB- and the AAOIFI- in the context of financial reporting of Islamic financial institutions (IFls). The conceptual framework or some authors referred as "accounting constitution" set the tone for a consistent accounting standards and become a reference point for developing future standards for financial accounting and reporting (Barker et al., 2014; Abela et al., 2014; Holzmann & Munter, 2014 (Sutton et al., 2015; Gebhardt et aI., 2014; Norby, 1977; Gore & Zimmerman, 2007). In this context, more than 120 countries (including major players in Islamic fin...

  • chapter 11_conclusion_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain (2019)

  • Islamic finance industry has grown rapidly over the last few years, where the 2018 Islamic Finance Development Report by Thomson Reuters reported that the year on year growth by of 11% to US$2.4 trillion in assets in 2017 and predicted that it would grow to $3.8tn of assets by 2023 (Thomson Reuters, 2018). Realising the importance of the industry, this book examines various issues on Accounting and Governance of Islamic financial institutions. In fact, the unique feature of Islamic financ that is based on the shariah principle warrants critical examination on various issues relating to accounting of Islamic financial transactions. Basically, business dealings are prohibited to contain...

  • contemporary issues in financial reporting_zulkarnain et al.jpg.jpg
  • Book


  • Authors: Muhamad Sori, Zulkarnain; Abdul Wahab, Sazali; Al Homsi, Mahmoud (2019)

  • This book presents contemporary issues in financial reporting of Islamic financial institutions. Two key areas are covered namely, accounting for Islamic financial transactions and shariah governance. The main motivation to publish this book is to share our understanding on the unique nature of Islamic finance industry and the approach taken in accounting and reporting of Islamic financial transactions. Also, the book illustrate the importance of shariah governance in ensuring end-to-end shariah compliance. This book is to provide a practical guidance to researchers, industry practitioners and the other stakeholders.

  • corporate_governance_from_a_global_perspective.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • This chapter deliberates on the international initiatives aimed at reforming and harmonizing corporate governance at a global, highlighting the difficulties of categorizing such a diversity of systems such that of the United Kingdom (UK), the United States (US), Germany and Japan. The polarization of corporate governance may have arisen from differences that exist between cultures and legal systems.

  • corporate_governance_practices_and_firms_performance_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Mohamad Mokhtar, Shabnam; Muhamad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Zainal Abidin, Zaharuddin; Mohd Nasir, Azhar; Yaacob, Abu Sofian; Mustafa, Hasri (2009)

  • This paper examines the relationship between corporate governance practices and company performance. In this study, a Mann-Whitney U test was performed to compare the performance between 5 Malaysian companies that practice good corporate governance and 5 Malaysian companies that did not practice good corporate governance. A study by Standard & Poor's in 2004 was the main source to identify companies practicing good corporate governance and vice versa. Financial ratios namely return on assets, return on equity, earnings per share and profit margin were used as a measure of company performance. It is found that there is no difference in performance between companies that practice good c...

  • corporate_governance_practices_in_malaysia.pdf.jpg
  • Book


  • Authors: Muhamad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • This book contains 17 chapters contributed by authors specializing in the related areas. The objective of the book is to disseminate research findings and ideas on corporate governance issues including environmental highlights from empirical works and literature reviews. This book will provide bases of reference for companies in enhancing their governance practices as well as for future researchers.

  • item.jpg
  • PhD


  • Authors: Alhamdani, Gamal Nassar Ali (2017)

  • Technology Startups (TSs) are critical to develop economic capacity, support innovation and stimulate entrepreneurial spirit In a nation. As TSs embark on innovative and disruptive journeys, they face their biggest challenge: financing. This study aims to examine the determinants of financing among TSs in Malaysia while critically examining the role of Islamic Finance. The study adopts a triangulation methodological approach, which consists of questionnaire survey and semi-structured interviews. It focuses on Malaysian technology startups, entrepreneurs and their financing needs mainly at two stages: the early stage and the later stage. The study examines the following dependent varia...

  • diversification_across_economic_sectors_implication_portfolio_investments_Malaysia_Zulkarnain_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2006)

  • Due to the increasing efforts towards regional and global economic integration, the effects of "country specific" factors are becoming less important in managing domestic portfolio investments. Consequently the concept of diversification across economic sectors has received attention in literature. This paper analyzes the opportunity for diversification across different economic sectors for long-term investment using sectorial indices. The findings indicate high but unstable correlation of returns between indices. This implies that investment managers should account for potential movements in sector-specific and sub-sector-specific risks. The findings imply that investment in one or t...

  • do_provision_of_nonaudit_2788.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Karbhari, Yusuf; Turmin, Siti Zaidah; Osman, Mohammad Noor Hisham (2015)

  • This chapter examines the effects of provision of different types of non-audit services on perceived auditor independence from the perspective of Malaysian capital market participants. The globalisation of the accounting profession and the subsequent increase in competitiveness and the need to survive has forced many auditing firms to diversify into non-audit services and has created 'the multidisciplinary nature of large audit firms'(Michael, 2014; Alexander and Hay, 2013; Brierley and Gwilliam, 2003; Michael, 2014).

  • effect_corporate_governance_firms_credit_ratings_ng et al.jpg.jpg
  • Chapter in Book


  • Authors: Ng, Yan Ling; Muhamad Sori, Zulkarnain; Lee, Teck Heang (2012)

  • Malaysia experienced rapid economic growth at an average annual Gross Domestic Product (GDP) growth of 8.5% during the 1990s due to its financial liberalization policy. This rapid growth came to a halt after the impact of the Asian financial crisis occurred on 1997-1998 causing the economy into recession. This prompted the Malaysian government to urgently develop a sophisticated capital market backed by an efficient regulatory framework to instil investors' confidence in order to attract capital inflow from the local and foreign investors to restart the economy.

  • effectiveness_shariah_committees_Malaysian_Islamic_financial_institutions_practical_perspective_shamsher_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain (2016-07-13)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated requirement by the central bank on every Islamic Financial Institution (IFI) to ensure the expected level of Shariah-compliance in their business operations. Unlike their conventional counterparts that focus only on maximizing the wealth of shareholders, IFIs has an extra responsibility to protect the interests of all stakeholders (including shareholders) and ensure that no injustice of any kind...

  • an_empirical_study_audit_committee_practices_Shaharatulfazzah et al.jpg.jpg
  • Chapter in Book


  • Authors: Mohd Saad, Siti Shaharatulfazzah; Muhamad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Evans, Jonathan Gerard; Abdul Wahab, Sazali (2012)

  • An audit committee would effectively deliver their duties if there were adequate resources. In the US, the National Association of Corporate Directors (NACD) (2000) pointed out that 'sufficient resources' is one of the three keys to an effective oversight process of an audit committee. Consistently, Treadway Report stressed the importance for an audit eommittee to have adequate resources and authority to effectively discharge their duties (Treadway, 1987) ...

  • item.jpg
  • PhD


  • Authors: Hussin, Syaryanti (2019)

  • One of important non-financial information to be disclosed by IFIs is the information related to environment, social and governance (ESG) matters. Solid ESG practices result in lower risk and better operational performance of firm. The increasing cases of corporate collapse over non-financial issues during the last decades have highlighted the importance of ESG disclosure. IFIs have been seen left behind in term of providing their stakeholders with enough information to the stakeholders' attached surrounding from environmental aspect. In addition of that , the study examines SC characteristics from SC size, SC meeting and international member on the linkages between governance mechani...

  • chapter_6_examination_of_the_shariah_committee_role_in_Islamic_financial_institutions_Zulkarnain_Shamsher_Eskandar.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • The system of corporate control, effective and efficient governance that is consistent with Shariah guidance has been an important agenda for Islamic Financial Institutions since the existence of Islamic Finance in Malaysia. This is especially important in light of rapid growth in Islamic Finance industry not only in Malaysia but globally. For example, the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (CAGR) of 17.4% between 2009 and 2014 (Ernst & Young, 2014). The well-functioning Islamic Finance industry can only be sustained if there is good corporate governance practice by IFIs that comply with Shariah guidance....