Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia

Kasim, Nawal and Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia. International Journal of Trade, Economics and Finance, 4 (5). pp. 336-339. ISSN 2010-023X

PDF - Published Version Restricted to Repository staff only Download (1MB) | Request a copy

Abstract

Corporate governance issue emerged with the birth of the corporations. Similarly, the need for Shari’ah corporate governance is given attention by the regulators, industrial players, Shari’ah advisors and researchers with the bloom of Islamic finance. There are limited literature and Shari’ah governance guidelines available for Islamic financial institutions. The existing guidelines are general and they not as specific as conventional guidelines. In addition, there is no Shari’ah governance guideline for Islamic capital market in Malaysia. Therefore, this paper aims to propose conceptual framework for Shari’ah corporate governance with special focus on Islamic capital market by integrating the conventional concepts of governance. We believe that the concept of Islamic accountability, independency, competency and transparency should be the basic foundation in developing the conceptual framework for Shari’ah corporate governance.

Item Type:	Article (Journal)
Additional Information:	6177/32866
Uncontrolled Keywords:	Conceptual framework, Islamic capital market, Malaysia, Shari’ah governance.
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Sheila Nu Nu Htay
Date Deposited:	19 Nov 2013 15:49
Last Modified:	19 Nov 2013 15:49
URI:	http://irep.iium.edu.my/id/eprint/32866

Actions (login required)

View Item