Shariah accountability practices of Islamic banks in Malaysia / Rosnia Masruki, Nur Sakinah Samsudin and Bablu Kumar Dhar

Masruki, Rosnia and Samsudin, Nur Sakinah and Dhar, Bablu Kumar (2019) Shariah accountability practices of Islamic banks in Malaysia / Rosnia Masruki, Nur Sakinah Samsudin and Bablu Kumar Dhar. In: ICAM2019 – International Conference on Accounting and Management. Faculty of Accountancy, Universiti Teknologi MARA Puncak Alam, Selangor, p. 58. ISBN 978-967-17038-0-9

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Abstract

The study explores the concept of Shariah accountability, to promote transparency of Islamic Banks (IB) through Shariah disclosure by focusing on Shariah Committee report (SCR). This objective is achieved by using a quantitative method using a self-developed disclosure index, namely Shariah Disclosure Index (SDI). It was developed based on Bank Negara Malaysia (BNM) frameworks and guidelines, Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) standards, Islamic Financial Supervisory Board (IFSB) regulations, and previous studies. Content analysis was conducted using the unweighted scoring method on seventy-five (75) annual reports from 2013 to 2017 for fifteen (15) IB in Malaysia to identify the level of SCR disclosure. The study findings show that the Shariah disclosure level of Malaysian IB only fulfills the minimum requirements by BNM, except for Bank Islam Malaysia Berhad (BIMB). Meanwhile, noted some IB disclosed the items under different headings in annual reports. Yet, there are few IB do not fulfil the minimum requirements of SCR disclosure. Thus, this study proposes a regulator to monitor SCR disclosure for IB, as specified by BNM and AAOIFI, since it is essential for conforming Shariah compliance.

Metadata

Item Type: Book Section
Creators:
Creators
Email
Masruki, Rosnia
rosnia@usim.edu.my
Samsudin, Nur Sakinah
UNSPECIFIED
Dhar, Bablu Kumar
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Accountancy
Page Range: p. 58
Item ID: 43790
Uncontrolled Keywords: Shariah accountability; Shariah disclosure; Shariah committee report; Shariah Disclosure Index (SDI)
URI: https://ir.uitm.edu.my/id/eprint/43790

ID Number

43790

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