Independence from the perspective of Shari’ah Committee
Being a gatekeeper of Shari’ah compliance and to hold responsibilities to mitigate Shari’ah non-compliance risks are among the main roles of Shari’ah Committee. Shari’ah Committee experience challenges that may adversely affect their responsibilities to discharge effective oversight duties. Hence, a...
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| Format: | Proceeding Paper |
| Language: | English English |
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2019
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| Online Access: | http://irep.iium.edu.my/81133/ http://irep.iium.edu.my/81133/8/81133%20FIFC%20Program%20book.pdf http://irep.iium.edu.my/81133/1/19%20Zainal%20Abidin%20et%20al%20Independence%20from%20the%20perspective%20of%20Shari%E2%80%99ah%20Committee.pdf |
| _version_ | 1848789082313850880 |
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| author | Zainal Abidin, Nor Hafizah Mat Yasin, Fatimah Zainal Abidin, Ahmad |
| author_facet | Zainal Abidin, Nor Hafizah Mat Yasin, Fatimah Zainal Abidin, Ahmad |
| author_sort | Zainal Abidin, Nor Hafizah |
| building | IIUM Repository |
| collection | Online Access |
| description | Being a gatekeeper of Shari’ah compliance and to hold responsibilities to mitigate Shari’ah non-compliance risks are among the main roles of Shari’ah Committee. Shari’ah Committee experience challenges that may adversely affect their responsibilities to discharge effective oversight duties. Hence, an effective Shari’ah Committee would require certain degree of independence. The purpose of the study is to gather perceptions of Shari’ah Committee on factors that construct or impair their independence in performing their oversight duties. Data were gathered through semi-structured interviews that were conducted with twelve Shari’ah Committee. Results, as perceived by Shari’ah Committee, indicated that independence within the context of Shari’ah Committee were constructed on the basis of competence, attitude of Shari’ah committee and accountability. Apart from that, reliance on financial remuneration and cross or multiple appointments may impair their independence. Thus, insights from this study underlines other fit and proper criteria that need to be considered in ensuring Shari’ah Committee are able to deliver their roles and responsibilities independently given its specific context. |
| first_indexed | 2025-11-14T17:51:04Z |
| format | Proceeding Paper |
| id | iium-81133 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T17:51:04Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-811332020-07-17T01:38:10Z http://irep.iium.edu.my/81133/ Independence from the perspective of Shari’ah Committee Zainal Abidin, Nor Hafizah Mat Yasin, Fatimah Zainal Abidin, Ahmad HF5601 Accounting. Bookkeeping Being a gatekeeper of Shari’ah compliance and to hold responsibilities to mitigate Shari’ah non-compliance risks are among the main roles of Shari’ah Committee. Shari’ah Committee experience challenges that may adversely affect their responsibilities to discharge effective oversight duties. Hence, an effective Shari’ah Committee would require certain degree of independence. The purpose of the study is to gather perceptions of Shari’ah Committee on factors that construct or impair their independence in performing their oversight duties. Data were gathered through semi-structured interviews that were conducted with twelve Shari’ah Committee. Results, as perceived by Shari’ah Committee, indicated that independence within the context of Shari’ah Committee were constructed on the basis of competence, attitude of Shari’ah committee and accountability. Apart from that, reliance on financial remuneration and cross or multiple appointments may impair their independence. Thus, insights from this study underlines other fit and proper criteria that need to be considered in ensuring Shari’ah Committee are able to deliver their roles and responsibilities independently given its specific context. 2019 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/81133/8/81133%20FIFC%20Program%20book.pdf application/pdf en http://irep.iium.edu.my/81133/1/19%20Zainal%20Abidin%20et%20al%20Independence%20from%20the%20perspective%20of%20Shari%E2%80%99ah%20Committee.pdf Zainal Abidin, Nor Hafizah and Mat Yasin, Fatimah and Zainal Abidin, Ahmad (2019) Independence from the perspective of Shari’ah Committee. In: 10th Foundation of Islamic Finance Conference 2019, 28th November 2019, Bandar Sunway, Petaling Jaya, Selangor. (Unpublished) |
| spellingShingle | HF5601 Accounting. Bookkeeping Zainal Abidin, Nor Hafizah Mat Yasin, Fatimah Zainal Abidin, Ahmad Independence from the perspective of Shari’ah Committee |
| title | Independence from the perspective of Shari’ah Committee |
| title_full | Independence from the perspective of Shari’ah Committee |
| title_fullStr | Independence from the perspective of Shari’ah Committee |
| title_full_unstemmed | Independence from the perspective of Shari’ah Committee |
| title_short | Independence from the perspective of Shari’ah Committee |
| title_sort | independence from the perspective of shari’ah committee |
| topic | HF5601 Accounting. Bookkeeping |
| url | http://irep.iium.edu.my/81133/ http://irep.iium.edu.my/81133/8/81133%20FIFC%20Program%20book.pdf http://irep.iium.edu.my/81133/1/19%20Zainal%20Abidin%20et%20al%20Independence%20from%20the%20perspective%20of%20Shari%E2%80%99ah%20Committee.pdf |