To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges

Shariah compliance is a vital element in the operation of Islamic banking business carried out by Islamic banking institutions. In order to strengthen the Shariah governance, the existing legislations regulating Islamic banking business in Malaysia encourage the Islamic financial institutions and Is...

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Main Authors:	Hussain, Mohammad Azam, Hassan, Rusni, Azhar, Alias
Format:	Article
Language:	English English
Published:	Econjournals 2016
Subjects:	BP173.75 Islam and economics HG1501 Banking
Online Access:	http://irep.iium.edu.my/55700/ http://irep.iium.edu.my/55700/ http://irep.iium.edu.my/55700/1/55700_To%20appoint%20Shariah%20committee%20member.pdf http://irep.iium.edu.my/55700/2/55700_To%20appoint%20Shariah%20committee%20member_SCOPUS.pdf

id	iium-55700
recordtype	eprints
spelling	iium-557002017-07-18T01:44:10Z http://irep.iium.edu.my/55700/ To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias BP173.75 Islam and economics HG1501 Banking Shariah compliance is a vital element in the operation of Islamic banking business carried out by Islamic banking institutions. In order to strengthen the Shariah governance, the existing legislations regulating Islamic banking business in Malaysia encourage the Islamic financial institutions and Islamic banks in particular, to appoint a member of its Shariah committee (SC) as a member of the Board of Directors (BoD). This article scrutinizes on this issue and the challenges which probably faced by the appointed SC member as member to the BoD of Islamic Financial Institutions. The study found that the suggestion is good to bridge the gap between the SC and the BoD in ensuring Shariah compliance. However it also may invite several legal conflicts and challenges to be faced by the appointed Shariah member if the Islamic banks. Econjournals 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55700/1/55700_To%20appoint%20Shariah%20committee%20member.pdf application/pdf en http://irep.iium.edu.my/55700/2/55700_To%20appoint%20Shariah%20committee%20member_SCOPUS.pdf Hussain, Mohammad Azam and Hassan, Rusni and Azhar, Alias (2016) To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges. International Review of Management and Marketing, 6 (S(8)). pp. 138-141. ISSN 2146-4405 http://econjournals.com/index.php/irmm/article/viewFile/3923/pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BP173.75 Islam and economics HG1501 Banking
spellingShingle	BP173.75 Islam and economics HG1501 Banking Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
description	Shariah compliance is a vital element in the operation of Islamic banking business carried out by Islamic banking institutions. In order to strengthen the Shariah governance, the existing legislations regulating Islamic banking business in Malaysia encourage the Islamic financial institutions and Islamic banks in particular, to appoint a member of its Shariah committee (SC) as a member of the Board of Directors (BoD). This article scrutinizes on this issue and the challenges which probably faced by the appointed SC member as member to the BoD of Islamic Financial Institutions. The study found that the suggestion is good to bridge the gap between the SC and the BoD in ensuring Shariah compliance. However it also may invite several legal conflicts and challenges to be faced by the appointed Shariah member if the Islamic banks.
format	Article
author	Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias
author_facet	Hussain, Mohammad Azam Hassan, Rusni Azhar, Alias
author_sort	Hussain, Mohammad Azam
title	To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
title_short	To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
title_full	To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
title_fullStr	To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
title_full_unstemmed	To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges
title_sort	to appoint shariah committee member as an independent non-executive director of islamic banks in malaysia: issues and challenges
publisher	Econjournals
publishDate	2016
url	http://irep.iium.edu.my/55700/ http://irep.iium.edu.my/55700/ http://irep.iium.edu.my/55700/1/55700_To%20appoint%20Shariah%20committee%20member.pdf http://irep.iium.edu.my/55700/2/55700_To%20appoint%20Shariah%20committee%20member_SCOPUS.pdf
first_indexed	2023-09-18T21:18:39Z
last_indexed	2023-09-18T21:18:39Z
_version_	1777411733273444352

To appoint Shariah committee member as an independent non-executive director of Islamic banks in Malaysia: Issues and challenges

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