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Conceptual framework of internal Shari'ah audit effectiveness factors in Islamic banks

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dc.contributor.authorLatifah Algabry
dc.contributor.authorSyed Musa Alhabshi
dc.contributor.authorOmar Alaeddin
dc.contributor.authorYounes Soualhi
dc.date.accessioned2022-05-29T10:08:05Z
dc.date.available2022-05-29T10:08:05Z
dc.date.issued2020
dc.description.abstractThe main purpose of this research is to figure out the most effective determinants that play a vital role in enhancing the effectiveness of the internal Shari'ah audit in the Islamic banking industry. This paper reviews the existing literature to build comprehensive knowledge that would assist in determining the main factors that impact on the effectiveness of Shari'ah audit in Islamic banks. This research proposes a conceptual framework of factors that impact on Shari'ah audit effectiveness in IBs based on previously published studies. The proposed framework includes external and internal factors as well as internal Shari'ah audit structure, process and requirements. First, the regulators need to provide a detailed framework for Shari'ah audit which covers the main requirements for effective Shari'ah governance. Second, Islamic financial institutions (IFIs) need to pay more attention to following the Shari'ah audit process in order to achieve the objective of effective Shari'ah governance. Finally, the dearth of empirical research on the role and effectiveness of Shari'ah audit in Islamic banking highlights the need to develop an appropriate methodology to enhance the study of the effectiveness of Shari'ah governance practices. The Shari'ah ensures compliance with its rules and regulations and enhances the soundness and credibility of the Islamic finance industry. This study identifies a number of issues that require further investigation in order to establish a better system of Shari'ah audit and to identify the factors that affect Shari'ah auditing practices. This paper is unique in covering the main elements that have influence on the effectiveness of Shari'ah audit and proposes them in one framework.en_US
dc.identifier.citationAlgabry, L., Alhabshi, S. M., Soualhi, Y., & Alaeddin, O. (2020). Conceptual framework of internal Shari'ah audit effectiveness factors in Islamic banks. ISRA International Journal of Islamic Finance, 12 (2), pp. 171-193.en_US
dc.identifier.doihttps://doi.org/10.1108/IJIF-09-2018-0097
dc.identifier.issn0128-1976
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3595
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2020. Latifah Algabry, Syed Musa Alhabshi, Younes Soualhi and Omar Alaeddin
dc.sourceSEDONA
dc.subjectInternal auditen_US
dc.subjectIslamic bankingen_US
dc.subjectShari'ah governanceen_US
dc.subjectShari'ah auditen_US
dc.titleConceptual framework of internal Shari'ah audit effectiveness factors in Islamic banksen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic bankingen_US
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