Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia

This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title(1) in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari’ah corporate...

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Main Authors: Muneeza, Aishath, Hassan, Rusni
Format: Article
Language:English
Published: King AbdulAziz University, Kingdom Of Saudi Arabia 2011
Subjects:
Online Access:http://irep.iium.edu.my/17483/
http://irep.iium.edu.my/17483/1/JKAU-Legal_Obstacle.pdf
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author Muneeza, Aishath
Hassan, Rusni
author_facet Muneeza, Aishath
Hassan, Rusni
author_sort Muneeza, Aishath
building IIUM Repository
collection Online Access
description This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title(1) in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari’ah corporate governance in the effectiveness and stability of Islamic financial Institutions in Malaysia. They outline the roles of corporate governance (in both conventional and Islamic corporation) through which it can be directed, administered and controlled. However, they argue that Shari’ah cooperate governance has different perspective and methodology. The Shari’ah cooperate governance primary is based on the tenet of Islam as the primary law and then on other positive laws, such as laws regulating the interest of the directors and the stakeholders. They described the structure of shari’ah corporate governance in Malaysia in order to emphasize and underscore some legal obstacles in the Shari’ah corporate governance and suggest some practical solutions to reform absence in the law.
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institution International Islamic University Malaysia
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language English
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publishDate 2011
publisher King AbdulAziz University, Kingdom Of Saudi Arabia
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spelling iium-174832013-07-03T04:13:03Z http://irep.iium.edu.my/17483/ Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia Muneeza, Aishath Hassan, Rusni KBP Islamic Law KPG Malaysia This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title(1) in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari’ah corporate governance in the effectiveness and stability of Islamic financial Institutions in Malaysia. They outline the roles of corporate governance (in both conventional and Islamic corporation) through which it can be directed, administered and controlled. However, they argue that Shari’ah cooperate governance has different perspective and methodology. The Shari’ah cooperate governance primary is based on the tenet of Islam as the primary law and then on other positive laws, such as laws regulating the interest of the directors and the stakeholders. They described the structure of shari’ah corporate governance in Malaysia in order to emphasize and underscore some legal obstacles in the Shari’ah corporate governance and suggest some practical solutions to reform absence in the law. King AbdulAziz University, Kingdom Of Saudi Arabia 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/17483/1/JKAU-Legal_Obstacle.pdf Muneeza, Aishath and Hassan, Rusni (2011) Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia. The Journal of King Abdulaziz University (JKAU): Islamic Economics, 24 (2). pp. 207-210. ISSN 7383-1018 http://ierc.kau.edu.sa/Pages-VOL-24-02.aspx
spellingShingle KBP Islamic Law
KPG Malaysia
Muneeza, Aishath
Hassan, Rusni
Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title_full Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title_fullStr Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title_full_unstemmed Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title_short Legal obstacles in Shari’ah corporate governance of Islamic financial institutions in Malaysia
title_sort legal obstacles in shari’ah corporate governance of islamic financial institutions in malaysia
topic KBP Islamic Law
KPG Malaysia
url http://irep.iium.edu.my/17483/
http://irep.iium.edu.my/17483/
http://irep.iium.edu.my/17483/1/JKAU-Legal_Obstacle.pdf