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Strengthening the Shariah Governance Structure in Islamic Cooperative Sector

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dc.contributor.authorNur Amni Mahmud Sabrien_US
dc.contributor.authorSupiah Sallehen_US
dc.contributor.authorZurina Shafiien_US
dc.contributor.authorMustafa Mohd Hanefahen_US
dc.contributor.authorMuhammad Iqmal Hisham Kamaruddinen_US
dc.contributor.authorNurazalia Zakariaen_US
dc.date.accessioned2024-05-28T06:49:03Z
dc.date.available2024-05-28T06:49:03Z
dc.date.issued2023
dc.date.submitted2024-1-9
dc.descriptionVol. 1 2 , No. 3en_US
dc.description.abstractThis study aims to review the strength of Shariah governance in the cooperative sector. This study used a sample of 10 representatives from cooperatives, some from small, medium, and large cooperatives. They have 3–5 years of experience working in cooperatives. The sampling method was chosen for those who work in Islamic cooperatives as the study want to go deeper on Sharia governance. This study uses qualitative and thematic analysis methods in analyzing the data and is divided into three categories: Shariah audit, Shariah review, and Shariah risk. The results of the study prove that there is a deficiency on the part of the Suruhanjaya Koperasi Malaysia (SKM) in providing appropriate guidelines for auditing conducted in cooperatives. Shariah review is still at an early stage to be practiced in cooperatives, but there are cooperatives that have already conducted Shariah review. Specifically, Shariah audits and reviews are two of the important factors that will strengthen the Shariah governance structure in the cooperative sector. In addition, Shariah risk is also one of the important elements in strengthening Shariah governance to reduce Shariah non-compliance that may be faced by Islamic cooperatives. However, the research findings for Shariah risk are few because Shariah audits and reviews are still in their early stages. The findings of this study show that cooperatives and cooperative’s management need to work hand in hand to further strengthen the Shariah governance structure on the part of cooperatives, considering that cooperatives are still at an early stage in Islamic finance.en_US
dc.identifier.citationSabri, N. a. M., Salleh, S., Shafii, Z., Hanefah, M. M., Kamaruddin, M. I. H., & Zakaria, N. (2023). Strengthening the Shariah governance structure in Islamic cooperative sector. International Journal of Academic Research in Accounting, Finance and Management Sciences, 13(4). https://doi.org/10.6007/ijarafms/v13-i4/20113en_US
dc.identifier.doi10.6007/IJARAFMS/v12-i4/20113
dc.identifier.epage264
dc.identifier.issn2225-8329
dc.identifier.issue4
dc.identifier.spage256
dc.identifier.urihttps://hrmars.com/index.php/IJARAFMS/article/view/20113/Strengthening-the-Shariah-Governance-Structure-in-Islamic-Cooperative-Sector
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7806
dc.identifier.volume12
dc.language.isoen_USen_US
dc.publisherHuman Resource Management Academic Research Societyen_US
dc.relation.ispartofInternational Journal of Academic Research in Accounting, Finance and Management Sciencesen_US
dc.subjectShariah Governance, Islamic Cooperative Sector, Shariah Audit, Shariah Reviewen_US
dc.titleStrengthening the Shariah Governance Structure in Islamic Cooperative Sectoren_US
dc.typeArticleen_US
dspace.entity.typePublication

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