Shariah committee and shariah governance framework: some evidence

Mohamed Eskandar Shah Mohd Rasid; Shamsher Mohamad Ramadili Mohd; Zulkarnain Muhamad Sori

Shariah committee and shariah governance framework: some evidence

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Date

2015

Authors

Mohamed Eskandar Shah Mohd Rasid

Shamsher Mohamad Ramadili Mohd

Zulkarnain Muhamad Sori

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Abstract

Over the last few decades, the Islamic financial system has shown a strong and improved performance, where the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (GACR) of 17.4% between 2009 and 2014. The Malaysia International Islamic Financial Centre (MIFC) reported monumental issuances in sovereign sukuks by the governments of the UK, Senegal, Hong Kong, South Africa and Luxembourg ammounting to USD 115 billion.

Keywords

Shariah governance , Islamic financial institutions , IFIs , Shariah Committee

Citation

Muhamad Sori, Z., Ramadili Mohd, S. M., & Mohd Rasid, M. E. S. (2015). Shariah committee and shariah governance framework: some evidence. In Siti Zaidah Turmin, Mohammad Noor Hisham Osman, Zulkarnain Muhamad Sori and Ahmed Razman Abdul Latiff (Eds.), Issues in contemporary accounting & finance (pp. 126-135). Serdang, Selangor: UPM Press.

URL

https://ikr.inceif.edu.my/handle/INCEIF/1997

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UPM Press

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