Shariah compliance is one of the important legal and fiduciary duties of Islamic banks. Its importance is growing in the wake of the challenging business environment and the increasing needs for innovative products and instruments faced by Islamic banks. The present paper seeks to analyze the...

Purpose - The purpose of this study is to propose a contemporary human resource management (HRM) framework by zakat institutions, which collect and manage religious alms, both obligatory (zakat) and voluntary (sadaqah), in Malaysia. Design/methodology/approach - In doing so, discussions...

Purpose Tawarruq (Islamic commodity financing) has evolved as the most ubiquitous concept in Malaysia's Islamic banking industry. Nevertheless, the extensive use of tawarruq has invoked a number of Sharīʿah (Islamic law) concerns in its practice. This study aims to investigate the Sharīʿah...

Purpose This paper aims to highlight provisions that may attract corporate criminal liability (CCL) in legislation and regulations enacted in Malaysia. Further, this paper identifies gaps or obstacles in the implementation of CCL in Islamic banks (IBs) in Malaysia. Design/methodology/approach...

Takaful has originated as an idea for preserving the care of people from financial damage. It can be employed as a risk management device to alleviate the hazards of regular life and trade activities. Furthermore, it gives significance to society’s worldwide economic growth as a tool of...

India being a developing economy is one of the emerging markets in the world. But an obstacle that still stands in its way of development is the scarcity of financial/monetary resources required for sustainable investments. The giants of Microfinance in India are known to be charging high rates...

The performance of Shari‟ah supervisory board continues to be a matter of concern especially for Islamic banks across countries that have a different regulatory environment. This study aims to examine the effects of Shari‟ah supervisory board characteristics on Islamic banks‟ performance...

This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari'ah corporate...