Loopholes in the Shariah corporate governance of Islamic banks in Malaysia
Shariah corporate governance could be defined as the way in which a corporation is directed, managed and controlled through the application of Shariah law or in a manner that is consistent with Shariah law. In the modern world application of conventional corporate governance principles to Islamic banks, not all of the conventional practices are rejected; but rather, an additional layer of corporate governance principles derived from Shariah law is added to the existing layer of it. However, in the course of doing this, if the conventional corporate governance principles are contrary to the Shariah principles, then only the contradictory part of the conventional law would be harmonised or removed from the structure.
Islamic banks , Shariah corporate governance , Malaysia
Muneeza, A. (2012). Loopholes in the Shariah corporate governance of Islamic banks in Malaysia. Malayan Law Journal, 4, pp. lvi-lxix.
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