Maqasid Shariah-based governance framework for halal industry in Malaysia

Mohd Safian, Yasmin Hanani and Salleh, Ahmad Zaki and Jamaludin, Mohammad Aizat (2021) Maqasid Shariah-based governance framework for halal industry in Malaysia. International Journal of Business and Economy, 4 (3). pp. 190-199. ISSN 2682-8359

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Abstract

Shariah governance is an important component in Halal industry. Appropriate mechanism should be established to ensure Halal certified company complies with Shariah principles. Unlike Islamic finance, Halal industry is less regulated and there is no dedicated control body to regulate Halal industry. Halal certification is not compulsory and even Halal certificate holding company sometimes does not have a clear Shariah governance. The establishment of a robust Shariah governance framework for Halal industry is important to gain public and shareholders’ confidence and trust. Thus, this study investigates the structure of Halal governance in the current JAKIM’s requirement and will propose a Maqasid Shariah based governance framework for Halal industry in Malaysia. Related documents and experts’ views were analysed in this study.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Halal industry, governance, framework, Malaysia
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH117 Consumption. Halal issues. Standards. Certification. Halal status BPH Islamic Economics > BPH117.5 Halal Education, Halal Training H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce > HF5475.I74 Halal business, entrepreneur, marketing, management, and administration
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:	19 May 2022 11:34
Last Modified:	19 May 2022 11:35
URI:	http://irep.iium.edu.my/id/eprint/97951

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