Sadek, Daing Maruak and Abdul Rahim, Ahmad Khilmy and Abas, Zakaria (2018) Islamic Corporate Governance in Islamic Financial Institutions. International Journal of Academic Research in Business and Social Sciences, 8 (4). pp. 1-10. ISSN 2222-6990

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Abstract

From the previous literature, Islamic corporate governance is not something new and was brought into attention by Prophet Muhammad S.A.W., and mentioned in Al-Qur’an and Al- Sunnah. It is rife with principles concerning Tawhid, freedom, and responsibility, as well as Taqwa to Allah S.W.T. Islamic banks is one of the category in IFIs that has been identified to face a greater challenge in corporate governance such as fraud, corruption, financial distress, poor supervision, poor leadership and other conflicts. As stated by Hassan (2012), all these cases show that the IFIs are not immune from the crisis and failures due to governance issues and conundrums. Therefore, the main focus of this study is to meliorate the present of corporate governance principles in Islamic Financial Institutions (IFIs) Malaysia stemming from the concept of corporate governance of IFIs based on Al-Quran, Al-Sunnah and Maslahah (Maqasid Al-Sharia’) which align with the Islamic values. Thus, this research has applied qualitative as research design using case study approach to review the current principles of corporate governance in IFIs

Item Type:	Article
Uncontrolled Keywords:	Islamic corporate governance, Islamic banks, Islamic Financial Institutions
Subjects:	H Social Sciences > HG Finance
Divisions:	Islamic Business School
Depositing User:	Mdm. Sarkina Mat Saad @ Shaari
Date Deposited:	29 Aug 2024 10:54
Last Modified:	29 Aug 2024 10:54
URI:	https://repo.uum.edu.my/id/eprint/31331

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