TY  - JOUR
TT  - To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge
AU  - Hussain, Mohammad Azam
AU  - Hassan, Rusni
AU  - Azhar, Alias
PY  - 2016
DA  - October
JF  - International Review of Management and Marketing
JO  - IRMM
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4405
SP  - 138
EP  - 141
VL  - 6
IS  - 8
KW  - Shariah Committee
KW  - Shariah Advisory
KW  - Shariah Governance
KW  - Independent Non-Executive Director
KW  - Islamic bank
N2  - Shariah compliance is a vital element in the operation of Islamic banking business carried out by Islamic banking institutions. In order to strengthen the Shariah governance, the existing legislations regulating Islamic banking business in Malaysia encourage the Islamic financial institutions and Islamic banks in particular, to appoint a member of its Shariah Committee as a member of the Board of Directors. This article scrutinizes on this issue and the challenges which probably faced by the appointed Shariah committee member as member to the Board of Directors of Islamic Financial Institutions. The study found that the suggestion is good to bridge the gap between the Shariah Committee and the Board of Directors in ensuring Shariah compliance. However it also may invite several legal conflicts and challenges to be faced by the appointed Shariah member if the Islamic banks.
UR  - https://dergipark.org.tr/en/pub/irmm/article/355759
L1  - https://dergipark.org.tr/en/download/article-file/367475
ER  -