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dc.contributor.authorRamadili Mohd, Shamsher Mohamad-
dc.contributor.authorMuhammad Sori, Zulkarnain-
dc.date.accessioned2016-08-15T13:45:11Z-
dc.date.available2016-08-15T13:45:11Z-
dc.date.issued2016-07-13-
dc.identifier.citationRamadili Mohd, Shamsher Mohamad & Muhammad Sori, Zulkarnain. (2016). Effectiveness of shariah committees in the Malaysian Islamic financial institutions: the practical perspective. Middle East Insights Islamic Finance Special, 2, pp. 1-8.en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/1784-
dc.description.abstractAn 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 is committed to any stakeholder. In performing their responsibilities, the Shariah Committees experience challenges both within and outside their institutions that adversely affect their effectiveness as gatekeepers of Shariah-compliance and hence mitigating Shariah non-compliance risk. Specifically, issues such as degree of independence, confidentiality, competence, and consistency and information disclosure might be compromised and mitigates the effectiveness of Shariah Committees.en_US
dc.language.isoenen_US
dc.publisherNational University of Singaporeen_US
dc.rights2016. National University of Singapore-
dc.sourceCRP-
dc.subjectShariah governanceen_US
dc.subjectShariah Committeeen_US
dc.subjectIslamic financial institutionsen_US
dc.subjectIndependenceen_US
dc.subjectCompetenceen_US
dc.subjectConsistencyen_US
dc.titleEffectiveness of shariah committees in the Malaysian Islamic financial institutions: the practical perspectiveen_US
dc.typeJournal Articleen_US
ikr.topic.maintopicIslamic financeen_US
ikr.doctypeScholarly Works-
Appears in Collections:Journal Article


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  • Full metadata record
    DC FieldValueLanguage
    dc.contributor.authorRamadili Mohd, Shamsher Mohamad-
    dc.contributor.authorMuhammad Sori, Zulkarnain-
    dc.date.accessioned2016-08-15T13:45:11Z-
    dc.date.available2016-08-15T13:45:11Z-
    dc.date.issued2016-07-13-
    dc.identifier.citationRamadili Mohd, Shamsher Mohamad & Muhammad Sori, Zulkarnain. (2016). Effectiveness of shariah committees in the Malaysian Islamic financial institutions: the practical perspective. Middle East Insights Islamic Finance Special, 2, pp. 1-8.en_US
    dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/1784-
    dc.description.abstractAn 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 is committed to any stakeholder. In performing their responsibilities, the Shariah Committees experience challenges both within and outside their institutions that adversely affect their effectiveness as gatekeepers of Shariah-compliance and hence mitigating Shariah non-compliance risk. Specifically, issues such as degree of independence, confidentiality, competence, and consistency and information disclosure might be compromised and mitigates the effectiveness of Shariah Committees.en_US
    dc.language.isoenen_US
    dc.publisherNational University of Singaporeen_US
    dc.rights2016. National University of Singapore-
    dc.sourceCRP-
    dc.subjectShariah governanceen_US
    dc.subjectShariah Committeeen_US
    dc.subjectIslamic financial institutionsen_US
    dc.subjectIndependenceen_US
    dc.subjectCompetenceen_US
    dc.subjectConsistencyen_US
    dc.titleEffectiveness of shariah committees in the Malaysian Islamic financial institutions: the practical perspectiveen_US
    dc.typeJournal Articleen_US
    ikr.topic.maintopicIslamic financeen_US
    ikr.doctypeScholarly Works-
    Appears in Collections:Journal Article


  • effectiveness_shariah_committees_Malaysian_Islamic_financ...
    • Size : 725,54 kB

    • Format : Adobe PDF

    • View : 
    • Download :