Publication:
Shari’ah governance practices in credit cooperatives in Malaysia

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dc.contributor.affiliationsFaculty of Economics and Muamalat
dc.contributor.affiliationsIIUM Institute of Islamic Banking and Finance (IIiBF)
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.authorHassan R.en_US
dc.contributor.authorSamad R.R.en_US
dc.contributor.authorShafii Z.en_US
dc.date.accessioned2024-05-28T08:25:01Z
dc.date.available2024-05-28T08:25:01Z
dc.date.issued2018
dc.description.abstractCooperative sector governance is instrumental in ensuring the effectiveness, responsibility, and accountability in both conventional and Shari’ah-compliant cooperatives. This study examines Shari’ah governance (SG) arrangements within the cooperatives in Malaysia. The objectives of this paper are to explore the application of SG in the cooperative sector in Malaysia and to evaluate the adequacy of SG adoption in cooperative. This study uses qualitative methods where the data are collected using focus group discussions and in-depth interviews with regulators, experts, and the governance organs of the cooperatives. The study focuses on credit cooperatives that have been listed in the 100 Best Cooperative Directory issued by Suruhanjaya Koperasi Malaysia (SKM) annually from 2012 to 2016. The findings from thematic analysis on interviews conducted indicate that the first objective, most respondents agreed that cooperatives should be operated based on the objectives of its establishment. The findings on the adequacy of adoption of SG in Shari’ah-compliant cooperatives indicate that the practice is at an infancy stage, with plenty of support and motivation are needed to ensure effective and efficient implementation of SG. Emergent findings from the interviews reveal that the Islamic attributes are crucial for a cooperative’s SG organs such as Islamic accountability, Shari’ah mindset, Islamic culture, awareness and readiness, manpower competencies and cooperation (ta'awun). It is vital for the SG organs to have such attributes in order to foster awareness among them to be more responsible and willing to adopt good SG practices. The observation of good SG practices in the cooperative sector in Malaysia can help the cooperative movement to positively grow and contribute equitably to community.en_US
dc.description.natureFinalen_US
dc.identifier.epage110
dc.identifier.issn13946870
dc.identifier.issueSpecial Issue: ISLAMIC BANKING AND FINANCE
dc.identifier.scopus2-s2.0-85060005074
dc.identifier.spage89
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85060005074&partnerID=40&md5=ef0d2729fde44e2198c3864b9b607020
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/8595
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherInternational Islamic University Malaysiaen_US
dc.relation.ispartofAl-Shajarah
dc.sourceScopus
dc.subjectCooperativesen_US
dc.subjectMalaysiaen_US
dc.subjectShari'ah governanceen_US
dc.titleShari’ah governance practices in credit cooperatives in Malaysiaen_US
dc.title.alternativeAl-Shajarahen_US
dc.typeArticleen_US
dspace.entity.typePublication

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