EN
To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge
Abstract
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.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
October 1, 2016
Submission Date
October 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 8
APA
Hussain, M. A., Hassan, R., & Azhar, A. (2016). To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. International Review of Management and Marketing, 6(8), 138-141. https://izlik.org/JA82UD84AG
AMA
1.Hussain MA, Hassan R, Azhar A. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM. 2016;6(8):138-141. https://izlik.org/JA82UD84AG
Chicago
Hussain, Mohammad Azam, Rusni Hassan, and Alias Azhar. 2016. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing 6 (8): 138-41. https://izlik.org/JA82UD84AG.
EndNote
Hussain MA, Hassan R, Azhar A (October 1, 2016) To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. International Review of Management and Marketing 6 8 138–141.
IEEE
[1]M. A. Hussain, R. Hassan, and A. Azhar, “To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge”, IRMM, vol. 6, no. 8, pp. 138–141, Oct. 2016, [Online]. Available: https://izlik.org/JA82UD84AG
ISNAD
Hussain, Mohammad Azam - Hassan, Rusni - Azhar, Alias. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing 6/8 (October 1, 2016): 138-141. https://izlik.org/JA82UD84AG.
JAMA
1.Hussain MA, Hassan R, Azhar A. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM. 2016;6:138–141.
MLA
Hussain, Mohammad Azam, et al. “To Appoint Shariah Committee Member As an Independent Non-Executive Director of Islamic Banks in Malaysia: Issues and Challenge”. International Review of Management and Marketing, vol. 6, no. 8, Oct. 2016, pp. 138-41, https://izlik.org/JA82UD84AG.
Vancouver
1.Mohammad Azam Hussain, Rusni Hassan, Alias Azhar. To Appoint Shariah Committee Member as an Independent Non-executive Director of Islamic Banks in Malaysia: Issues and Challenge. IRMM [Internet]. 2016 Oct. 1;6(8):138-41. Available from: https://izlik.org/JA82UD84AG