Publication:
Shariah Accountability Practices Of Islamic Banks In Malaysia

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dc.contributor.authorRosnia Masrukien_US
dc.contributor.authorNur Sakinah Binti Samsudinen_US
dc.contributor.authorBablu Kumar Dharen_US
dc.date.accessioned2024-05-28T06:09:32Z
dc.date.available2024-05-28T06:09:32Z
dc.date.issued2020
dc.date.submitted17/11/2020
dc.descriptionRosnia Masruki, Nur Sakinah Binti Samsudin, Bablu Kumar Dhar. (2020). Shariah Accountability Practices of Islamic Banks in Malaysia. International Journal of Advanced Science and Technology, 29(04), 6954 -. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/28097en_US
dc.description.abstractThe study explores the concept of Shariah accountability, to promote transparency of Islamic Banks (IB) through Shariah disclosure by focusing on Shariah Committee report (SCR). This objective is achieved by using a quantitative method using a self-developed disclosure index, namely Shariah Disclosure Index (SDI). It was developed based on Bank Negara Malaysia (BNM) frameworks and guidelines, Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) standards, Islamic Financial Supervisory Board (IFSB) regulations, and previous studies. Content analysis was conducted using the unweighted scoring method on seventy-five (75) annual reports from 2013 to 2017 for fifteen (15) IB in Malaysia to identify the level of SCR disclosure. The study findings show that the Shariah disclosure level of Malaysian IB only fulfills the minimum requirements by BNM, except for Bank Islam Malaysia Berhad (BIMB). Meanwhile, noted some IB disclosed the items under different headings in annual reports. Yet, there are few IB do not fulfil the minimum requirements of SCR disclosure. Thus, this study proposes a regulator to monitor SCR disclosure for IB, as specified by BNM and AAOIFI, since it is essential for conforming Shariah compliance. Keywords:Shariah accountability, shariah disclosure, shariah committee report, shariah disclosure indexen_US
dc.identifier.epage6963
dc.identifier.issn2005-4238
dc.identifier.issue4
dc.identifier.other1219-22
dc.identifier.spage6954
dc.identifier.urihttp://sersc.org/journals/index.php/IJAST/article/view/28097
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7113
dc.identifier.volume29
dc.language.isoenen_US
dc.publisherScience and Engineering Research Support Societyen_US
dc.relation.ispartofInternational Journal of Advanced Science and Technologyen_US
dc.subjectShariah accountability,en_US
dc.subjectshariah disclosure,en_US
dc.subjectshariah committee report,en_US
dc.subjectshariah disclosure indexen_US
dc.titleShariah Accountability Practices Of Islamic Banks In Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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