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

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 govern...

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Main Authors: Kasim, Nawal, Htay, Sheila Nu Nu, Salman, Syed Ahmed
Format: Proceeding Paper
Language:English
English
Published: 2013
Subjects:
Online Access:http://irep.iium.edu.my/32909/
http://irep.iium.edu.my/32909/1/Conceptual_Framework_for_Shari%27ah_Corporate_Governance_with_Special_Focus_on_Islamic_Capital_Market_in_Malaysia_27_July_2013.pdf
http://irep.iium.edu.my/32909/2/Governance.pdf
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author Kasim, Nawal
Htay, Sheila Nu Nu
Salman, Syed Ahmed
author_facet Kasim, Nawal
Htay, Sheila Nu Nu
Salman, Syed Ahmed
author_sort Kasim, Nawal
building IIUM Repository
collection Online Access
description 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.
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format Proceeding Paper
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institution International Islamic University Malaysia
institution_category Local University
language English
English
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publishDate 2013
recordtype eprints
repository_type Digital Repository
spelling iium-329092013-11-20T08:05:57Z http://irep.iium.edu.my/32909/ Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia Kasim, Nawal Htay, Sheila Nu Nu Salman, Syed Ahmed HG1501 Banking 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. 2013-09 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/32909/1/Conceptual_Framework_for_Shari%27ah_Corporate_Governance_with_Special_Focus_on_Islamic_Capital_Market_in_Malaysia_27_July_2013.pdf application/pdf en http://irep.iium.edu.my/32909/2/Governance.pdf Kasim, Nawal and Htay, Sheila Nu Nu and Salman, Syed Ahmed (2013) Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia. In: 3rd International Conference on Business and Economics Research (ICBER 2013), 28-29 Sept 2013, Bandar Seri Begawan, Brunei Darussalam. (Unpublished)
spellingShingle HG1501 Banking
Kasim, Nawal
Htay, Sheila Nu Nu
Salman, Syed Ahmed
Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title_full Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title_fullStr Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title_full_unstemmed Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title_short Conceptual framework for Shari'ah corporate governance with special focus on Islamic capital market in Malaysia
title_sort conceptual framework for shari'ah corporate governance with special focus on islamic capital market in malaysia
topic HG1501 Banking
url http://irep.iium.edu.my/32909/
http://irep.iium.edu.my/32909/1/Conceptual_Framework_for_Shari%27ah_Corporate_Governance_with_Special_Focus_on_Islamic_Capital_Market_in_Malaysia_27_July_2013.pdf
http://irep.iium.edu.my/32909/2/Governance.pdf