Shariah governance disclosure by Islamic banks in Malaysia

Shariah governance is the utmost important division of Islamic banks to differentiate with its conventional counterpart. Although Islamic banks had been in the Malaysian banking industry for more than three decades, it is still at the stage towards comprehensive and proper framework. Besides, Isl...

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Main Author:	Fatihah, Abd Rahaman
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4958/1/s816752.pdf https://etd.uum.edu.my/4958/2/s816752_abstract.pdf
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id	my-uum-etd.4958
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Rahim, Ahmad Khilmy Hussain, Mohammad Azam
topic	HG Finance
spellingShingle	HG Finance Fatihah, Abd Rahaman Shariah governance disclosure by Islamic banks in Malaysia
description	Shariah governance is the utmost important division of Islamic banks to differentiate with its conventional counterpart. Although Islamic banks had been in the Malaysian banking industry for more than three decades, it is still at the stage towards comprehensive and proper framework. Besides, Islamic banks have the responsibility to ensure Shariah compliance in its overall operation. Non-compliance element will damage the confidence of the stakeholders and the perception on the purity of Islamic banking system. Thus, this study intends to scrutinize the scope of latest regulations on Shariah governance in Islamic banks, then comparing it with the international standard and to analyze its practice in compliance with the stipulated guidelines. These purposes are achieved by using qualitative method of research by applying doctrinal and legal research where the latest annual report and few regulations are referred. Besides, the descriptive and comparative study was also adopted for deep understanding. All data was taken from the Islamic banks listed under BNM and analysed it using content analysis. The practice of Shariah governance was examined by using Shariah governance disclosure ratio on the items in the SC report based on referred regulations. This study found that Malaysian regulations on Shariah governance of Islamic banking are more comprehensive rather than the international standard. However, only few Islamic banks comply with the guidelines, whilst the transition period for the compliance is almost end. Thus, it is recommended for the authorities to ensure Shariah governance disclosure been fully complied by the related Islamic banks. As the result, a proper and comprehensive Shariah governance in Islamic banks in Malaysia could be achieved.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Fatihah, Abd Rahaman
author_facet	Fatihah, Abd Rahaman
author_sort	Fatihah, Abd Rahaman
title	Shariah governance disclosure by Islamic banks in Malaysia
title_short	Shariah governance disclosure by Islamic banks in Malaysia
title_full	Shariah governance disclosure by Islamic banks in Malaysia
title_fullStr	Shariah governance disclosure by Islamic banks in Malaysia
title_full_unstemmed	Shariah governance disclosure by Islamic banks in Malaysia
title_sort	shariah governance disclosure by islamic banks in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/4958/1/s816752.pdf https://etd.uum.edu.my/4958/2/s816752_abstract.pdf
_version_	1747827835093909504
spelling	my-uum-etd.49582021-03-18T06:57:22Z Shariah governance disclosure by Islamic banks in Malaysia 2015 Fatihah, Abd Rahaman Abdul Rahim, Ahmad Khilmy Hussain, Mohammad Azam Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance Shariah governance is the utmost important division of Islamic banks to differentiate with its conventional counterpart. Although Islamic banks had been in the Malaysian banking industry for more than three decades, it is still at the stage towards comprehensive and proper framework. Besides, Islamic banks have the responsibility to ensure Shariah compliance in its overall operation. Non-compliance element will damage the confidence of the stakeholders and the perception on the purity of Islamic banking system. Thus, this study intends to scrutinize the scope of latest regulations on Shariah governance in Islamic banks, then comparing it with the international standard and to analyze its practice in compliance with the stipulated guidelines. These purposes are achieved by using qualitative method of research by applying doctrinal and legal research where the latest annual report and few regulations are referred. Besides, the descriptive and comparative study was also adopted for deep understanding. All data was taken from the Islamic banks listed under BNM and analysed it using content analysis. The practice of Shariah governance was examined by using Shariah governance disclosure ratio on the items in the SC report based on referred regulations. This study found that Malaysian regulations on Shariah governance of Islamic banking are more comprehensive rather than the international standard. However, only few Islamic banks comply with the guidelines, whilst the transition period for the compliance is almost end. Thus, it is recommended for the authorities to ensure Shariah governance disclosure been fully complied by the related Islamic banks. As the result, a proper and comprehensive Shariah governance in Islamic banks in Malaysia could be achieved. 2015 Thesis https://etd.uum.edu.my/4958/ https://etd.uum.edu.my/4958/1/s816752.pdf text eng public https://etd.uum.edu.my/4958/2/s816752_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abu, N. Z., Jasin, D., Razak, S. H. A. & Sharif, K. (2014). Corporate Governance and Maqasid Shariah: An Empirical Study on Management Practices of Takaful Operators in Malaysia. International Journal of Financial Economics, 3(1), 41-56. Abu-tapanjeh, A. M. (2009). Corporate Governance from the Islamic Perspective: A Comparative Analysis with OECD Principles. Critical Perspectives on Accounting, 20(5), 556-567. 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Shariah governance disclosure by Islamic banks in Malaysia

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