Publication:
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC)

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dc.contributor.authorRosnia Masrukien_US
dc.contributor.authorKhaled Hussaineyen_US
dc.contributor.authorDoaa Alyen_US
dc.date.accessioned2024-05-29T08:20:14Z
dc.date.available2024-05-29T08:20:14Z
dc.date.issued2018
dc.description.abstractThis paper aims to identify whether Malaysian State Islamic Religious Councils (SIRC) financial characteristics have a significant impact on the accountability of Malaysian State Islamic Religious Councils (SIRC). A content analysis approach was used to examine the extent and quality of disclosure in the annual reports of SIRC, indicating accountability of SIRCs. This paper used the self-developed disclosure index that applies specifically for SIRC. Multiple regression was used to examine the financial determinants of the extent and quality of disclosure. The result of the regression models revealed that the extent and quality of SIRC disclosure is influenced by organisational characteristic, namely size. This study suggests that disclosure in the annual report, in particular the non-financial performance, increases with the amount of zakat collection, thereby demonstrating SIRC's responsibility. Next, the control variable of accessibility is found to be significantly related to financial statements. Obliged to produce financial statements, SIRC are more likely to disclose more information in the financial statements. This research finding has important implications for regulators, policymakers and top officials in SIRC, by monitoring the quality of disclosure, supporting the notion of public accountability, which appreciates the public's right to get inform about SIRC. Despite the voluntary disclosure of a non-financial report, SIRC should consider producing a comprehensive annual report for the discharge of their accountability and thus, encourage more funding. They should be more transparent to enhance accessibility, concerning the extent and quality of the disclosure.en_US
dc.identifier.doihttp://doi.org/10.33102/jmifr.v15i2.175
dc.identifier.epage38
dc.identifier.issn1823-075X
dc.identifier.issue2
dc.identifier.spage21
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/175
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14518
dc.identifier.volume15
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.sourceOpen Journal Systems
dc.subjectFinancialen_US
dc.subjectImpacten_US
dc.subjectAccountabilityen_US
dc.subjectDisclosureen_US
dc.subjectState Islamic Religious Councilsen_US
dc.titleFinancial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC)en_US
dc.typeArticleen_US
dspace.entity.typePublication

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Journal of Muamalat and Islamic Finance Research (JMIFR)