Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions

The purpose of this research is to develop a comprehensive theoretical framework for interpreting Shariah governance mechanism in Islamic financial institutions (IFIs). After reviewing existing theories that were used to explain the phenomenon of corporate governance, three most commonly used theori...

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Main Authors:	Sheikh Obid, Siti Normala, Naysary, Babak
Format:	Article
Language:	English English
Published:	Palgrave Macmillan Ltd. 2014
Subjects:	BP Islam. Bahaism. Theosophy, etc HG Finance
Online Access:	http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/1/58540_Toward%20a%20comprehensive%20_article.pdf http://irep.iium.edu.my/58540/2/58540_Toward%20a%20comprehensive%20_scopus.pdf

id	iium-58540
recordtype	eprints
spelling	iium-585402017-09-26T06:37:14Z http://irep.iium.edu.my/58540/ Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions Sheikh Obid, Siti Normala Naysary, Babak BP Islam. Bahaism. Theosophy, etc HG Finance The purpose of this research is to develop a comprehensive theoretical framework for interpreting Shariah governance mechanism in Islamic financial institutions (IFIs). After reviewing existing theories that were used to explain the phenomenon of corporate governance, three most commonly used theories in the corporate governance and Shariah governance area namely agency theory, stewardship theory and stakeholder theory were used and integrated based on their interrelated concepts and their relationship with Shariah governance. The constructed theoretical framework includes five concepts, namely accountability, disclosure and transparency, competency, confidentiality and independency among the key functionaries in Shariah governance, which are perceived to be the principles of Shariah governance. This research is among the first attempts to build an integrated theoretical foundation for Shariah governance in IFIs and the developed theoretical framework can be used as the basis for interpretations and comparisons on the ideal versus practical situation of Shariah governance in IFIs. Palgrave Macmillan Ltd. 2014-12-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/58540/1/58540_Toward%20a%20comprehensive%20_article.pdf application/pdf en http://irep.iium.edu.my/58540/2/58540_Toward%20a%20comprehensive%20_scopus.pdf Sheikh Obid, Siti Normala and Naysary, Babak (2014) Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions. Journal of Financial Services Marketing, 19 (4). pp. 304-318. ISSN 1363-0539 E-ISSN 1479-1846 https://link.springer.com/article/10.1057%2Ffsm.2014.26 10.1057/fsm.2014.26
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BP Islam. Bahaism. Theosophy, etc HG Finance
spellingShingle	BP Islam. Bahaism. Theosophy, etc HG Finance Sheikh Obid, Siti Normala Naysary, Babak Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
description	The purpose of this research is to develop a comprehensive theoretical framework for interpreting Shariah governance mechanism in Islamic financial institutions (IFIs). After reviewing existing theories that were used to explain the phenomenon of corporate governance, three most commonly used theories in the corporate governance and Shariah governance area namely agency theory, stewardship theory and stakeholder theory were used and integrated based on their interrelated concepts and their relationship with Shariah governance. The constructed theoretical framework includes five concepts, namely accountability, disclosure and transparency, competency, confidentiality and independency among the key functionaries in Shariah governance, which are perceived to be the principles of Shariah governance. This research is among the first attempts to build an integrated theoretical foundation for Shariah governance in IFIs and the developed theoretical framework can be used as the basis for interpretations and comparisons on the ideal versus practical situation of Shariah governance in IFIs.
format	Article
author	Sheikh Obid, Siti Normala Naysary, Babak
author_facet	Sheikh Obid, Siti Normala Naysary, Babak
author_sort	Sheikh Obid, Siti Normala
title	Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
title_short	Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
title_full	Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
title_fullStr	Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
title_full_unstemmed	Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions
title_sort	toward a comprehensive theoretical framework for shariah governance in islamic financial institutions
publisher	Palgrave Macmillan Ltd.
publishDate	2014
url	http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/ http://irep.iium.edu.my/58540/1/58540_Toward%20a%20comprehensive%20_article.pdf http://irep.iium.edu.my/58540/2/58540_Toward%20a%20comprehensive%20_scopus.pdf
first_indexed	2023-09-18T21:22:47Z
last_indexed	2023-09-18T21:22:47Z
_version_	1777411993268912128

Toward a comprehensive theoretical framework for Shariah governance in Islamic financial institutions

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