Strategic direction setting of DFIS: A qualitative review based on performance model

DFIs are specialized financial institution, appointed by the government and been entrusted for specific mandated roles on socio-economic development. In Malaysia, the mandate of DFIs is merely similar to Islamic economic objective that is for society benefit. Hence, the study been carried out to...

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Main Authors:	Shamsudin, Norazidah, Mhd. Sarif, Suhaimi, Mohammed, Mustafa Omar, Mustaffa Kamil, Nazrol Kamil
Format:	Article
Language:	English English
Published:	Allied Academies 2018
Subjects:	HF5001 Business. Business Administration
Online Access:	http://irep.iium.edu.my/70649/ http://irep.iium.edu.my/70649/ http://irep.iium.edu.my/70649/1/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_article.pdf http://irep.iium.edu.my/70649/2/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_scopus.pdf

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recordtype	eprints
spelling	iium-706492019-07-15T01:17:51Z http://irep.iium.edu.my/70649/ Strategic direction setting of DFIS: A qualitative review based on performance model Shamsudin, Norazidah Mhd. Sarif, Suhaimi Mohammed, Mustafa Omar Mustaffa Kamil, Nazrol Kamil HF5001 Business. Business Administration DFIs are specialized financial institution, appointed by the government and been entrusted for specific mandated roles on socio-economic development. In Malaysia, the mandate of DFIs is merely similar to Islamic economic objective that is for society benefit. Hence, the study been carried out to analyze on the Islamic economic objectives coverage by the DFIs and to explore on the involvement of the Shari’ah committee member of DFIs in the direction setting of the institution. All six Malaysian DFIs which prescribed under DFIA 2002 been included in the study. The result from content analysis shows that there is one Maqasid dimension which not been covered in the DFIs’ vision and mission statement. Furthermore, there is none DFI covers all nine PMMS model’s dimensions as the most covered is six dimensions. Based on interviews, it is found that the Shari’ah committee member is not involved directly in the direction setting of the institution but rather involved in the supervision and assisting the DFIs in Shari’ah matters. It is recommended the DFIs to shape their direction towards fulfilling the Islamic economic objectives since they are mandated so besides their intent to be as full-fledged Islamic. In ensuring the truthful attainment of Islamic economic objective, it is also suggested the Shari’ah committee member to be included as they could contribute on Maqasid Shari’ah perspective in determining and shaping the strategic direction of the institution. Allied Academies 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/70649/1/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_article.pdf application/pdf en http://irep.iium.edu.my/70649/2/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_scopus.pdf Shamsudin, Norazidah and Mhd. Sarif, Suhaimi and Mohammed, Mustafa Omar and Mustaffa Kamil, Nazrol Kamil (2018) Strategic direction setting of DFIS: A qualitative review based on performance model. Academy of Strategic Management Journal, 17 (6). pp. 1-6. ISSN 1544-1458 E-ISSN 1939-6104 https://www.abacademies.org/articles/Strategic-direction-setting-of-dfis-a-qualitative-review-based-on-performance-model-1939-6104-17-6-287.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF5001 Business. Business Administration
spellingShingle	HF5001 Business. Business Administration Shamsudin, Norazidah Mhd. Sarif, Suhaimi Mohammed, Mustafa Omar Mustaffa Kamil, Nazrol Kamil Strategic direction setting of DFIS: A qualitative review based on performance model
description	DFIs are specialized financial institution, appointed by the government and been entrusted for specific mandated roles on socio-economic development. In Malaysia, the mandate of DFIs is merely similar to Islamic economic objective that is for society benefit. Hence, the study been carried out to analyze on the Islamic economic objectives coverage by the DFIs and to explore on the involvement of the Shari’ah committee member of DFIs in the direction setting of the institution. All six Malaysian DFIs which prescribed under DFIA 2002 been included in the study. The result from content analysis shows that there is one Maqasid dimension which not been covered in the DFIs’ vision and mission statement. Furthermore, there is none DFI covers all nine PMMS model’s dimensions as the most covered is six dimensions. Based on interviews, it is found that the Shari’ah committee member is not involved directly in the direction setting of the institution but rather involved in the supervision and assisting the DFIs in Shari’ah matters. It is recommended the DFIs to shape their direction towards fulfilling the Islamic economic objectives since they are mandated so besides their intent to be as full-fledged Islamic. In ensuring the truthful attainment of Islamic economic objective, it is also suggested the Shari’ah committee member to be included as they could contribute on Maqasid Shari’ah perspective in determining and shaping the strategic direction of the institution.
format	Article
author	Shamsudin, Norazidah Mhd. Sarif, Suhaimi Mohammed, Mustafa Omar Mustaffa Kamil, Nazrol Kamil
author_facet	Shamsudin, Norazidah Mhd. Sarif, Suhaimi Mohammed, Mustafa Omar Mustaffa Kamil, Nazrol Kamil
author_sort	Shamsudin, Norazidah
title	Strategic direction setting of DFIS: A qualitative review based on performance model
title_short	Strategic direction setting of DFIS: A qualitative review based on performance model
title_full	Strategic direction setting of DFIS: A qualitative review based on performance model
title_fullStr	Strategic direction setting of DFIS: A qualitative review based on performance model
title_full_unstemmed	Strategic direction setting of DFIS: A qualitative review based on performance model
title_sort	strategic direction setting of dfis: a qualitative review based on performance model
publisher	Allied Academies
publishDate	2018
url	http://irep.iium.edu.my/70649/ http://irep.iium.edu.my/70649/ http://irep.iium.edu.my/70649/1/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_article.pdf http://irep.iium.edu.my/70649/2/70649_STRATEGIC%20DIRECTION%20SETTING%20OF%20DFIs_scopus.pdf
first_indexed	2023-09-18T21:40:18Z
last_indexed	2023-09-18T21:40:18Z
_version_	1777413094698385408

Strategic direction setting of DFIS: A qualitative review based on performance model

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