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Halal governance in Malaysian companies

Mohd Safian, Yasmin Hanani and Salleh, Ahmad Zaki and Jamaludin, Mohammad Aizat and Jamil, Muhammad Hafizuddin (2020) Halal governance in Malaysian companies. Journal of Fatwa Management and Research, 20 (1). pp. 40-52. ISSN 2232-1047 E-ISSN 0127-8886

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Governance is an important component in Halal industry. Appropriate mechanism should be created to ensure the Halal certified company complies with the Shariah principles. Unlike Islamic finance, Halal industry is less regulated in term of governance. Halal certification is not compulsory and even Halal certificate holding companies do not have clear Shariah governance within the administration to ensure the company fulfil its duty and promise to the stakeholder and the customer. The establishment of proper Shariah governance framework for Halal industry will boosts confidence of the shareholders and the publics that all the practices and activities follow Shariah all the times. Thus, this study investigates current practice of Halal governance in several Malaysian companies. The internal mechanisme in Halal monitoring, controlling, improving and preventing any non-compliance will be assessed. The practice will then be compared to the practice of governance in Malaysian Islamic Financial institutions. The study will help to figure the best practice of Halal governance hence become a proper model to be followed.

Item Type: Article (Journal)
Uncontrolled Keywords: Halal, governance, Malaysian, companies
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP160 General works on Islam
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.7 Islam and politics
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce > HF5001 Business. Business Administration
J Political Science > JQ Political institutions Asia > JQ715 Politics and Government in Malaysia
T Technology > TS Manufactures > TS155 Production management
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): International Institute for Halal Research and Training (INHART)
Depositing User: Dr. Mohammad Aizat Jamaludin
Date Deposited: 30 Jul 2021 08:22
Last Modified: 30 Jul 2021 08:22
URI: http://irep.iium.edu.my/id/eprint/91154

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