Purpose The existence of internal control for Sharīʿah-compliance promotes reasonable assurance that the Islamic financial institution's (IFI's) objectives are achieved in the following categories, namely, the effectiveness and efficiency of operations, the reliability of financial reporting...

Purpose – The existence of internal control for Sharīʿah-compliance promotes reasonable assurance that the Islamic financial institution’s (IFI’s) objectives are achieved in the following categories, namely, the effectiveness and efficiency of operations, the reliability of financial...

The main focus of shariah governance for an organization is to ensure that it is comply with shariah laws and regulations. Under Islamic finance industry, industry, shariah governance is being given attention due to rapid growth of this industry in the world. For Malaysia, the authority through...

Different from a conventional cooperative, a Shari'ah-based cooperative observes Shari'ah principles. As these cooperatives offers Islamic financial products and involves in Shari'ah compliant investment, they are bound to observe Shari'ah governance structure, transparency, disclosure of...