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Shariah Governance: Challenges Ahead [PDF]
Bank Negara Malaysia (BNM) had previously issued a number of statutory requirements in making the establishment of Shariah Committee (SC) of a bank mandatory via Islamic Banking Act 1983, Banking & Financial Institution Act 1989, Takaful Act 1984 and Central bank of Malaysia (Amendment) Act 2003.
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Shariah Governance Practices in Malaysian Islamic Financial Institutions
SSRN Electronic Journal, 2015The Central Bank of Malaysia (Bank Negara Malaysia or BNM) introduced the Shariah Governance Framework (SGF) in 2010 and required all Islamic Financial Institutions (IFIs) to fully implement in 2011. The objective is to provide a proper regulatory framework for IFIs to function within the required Sharia framework that will help further strengthen the ...
Zulkarnain Muhamad Sori +2 more
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The Practices of Corporate Governance and Shariah Governance in Islamic Financial Institutions
2020Prior studies have shown corporate governance in the banking industry has been discussed primarily in the conventional perspective. However, as numerous as the researches have been, there is still not much literature available that thoroughly studies corporate governance and its theoretical foundation from the views of Islam.
Daing Maruak Sadek +4 more
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Corporate Governance and Performance of Shariah-Compliant Companies
2019This chapter examines the relationship between corporate governance practices and firm performance. The characteristics of the board of Shari'ah-compliant companies in consumer products counter of Bursa Malaysia were examined against the firm's performance using data from 77 companies from 2014 to 2016. Based on the result of multiple regression; board
Mustafa Bin Mohd Hanefah +3 more
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Shariah Governance: Challenges of Shariah Committees
SSRN Electronic Journal, 2015Shamsher Mohamad +1 more
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Shariah Governance in Islamic Banking Institutions
2023Shafiullah Jan, Muhammad Ismail
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Corporate governance and credit rating in Islamic banks: Does Shariah governance matters?
Journal of Management & Governance, 2015We investigate whether Islamic banks with strong corporate governance benefit from higher credit ratings relative to Islamic banks with weaker governance and whether Shariah governance can affect the credit ratings of Islamic banks or not. We document, after controlling for Islamic bank-specific risk characteristics, that credit ratings are negatively ...
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Governance of Malaysian Halal Food Industry: Conventional Governance vs Shariah Requirements
European Proceedings of Finance and Economics, 2023Juliana Anis Ramli +2 more
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AI, Shariah Governance, and Maqasid Shariah in Islamic Finance
International Journal of Research and Innovation in Social ScienceNor Faezah Ghazi Ahmad +1 more
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