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Intellectual capital disclosure practices and governance mechanisms of Islamic banks: a comparative study between IFRS and AAOIFI financial reporting regimes

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dc.contributor.authorSyaima' Adznan
dc.contributor.supervisorZulkarnain Muhamad Sori
dc.contributor.supervisorShamsher Mohamad Ramadili Mohd
dc.date.accessioned2023-06-17T07:17:50Z
dc.date.available2023-06-17T07:17:50Z
dc.date.issued2022
dc.description.abstractThe Islamic banking industry has grown and gained a remarkable position in the global share of the financial sector. This growth requires a strong emphasis on intellectual capital (IC) that includes dedicated human capital, reliable structural capital, and a committed and long lasting relational capital among participants in the Islamic banking ecosystem. The study aims is to examine and compare the intellectual capital disclosure (ICD) practices of Islamic banks under different reporting regimes. The IFRS issued by IASB and FAS issued by AAOIFI are the two commonly used standards for financial repoting by Islamic banks. The findings indicate that, on average, there is not much difference between IFSB and AAOIFI scores (IASB:57.25% vs AAOIFI: 56.58%); in fact, most of IFSB-based banks performed better that AAOIFI-based banks throughout the period of study except in first year (i.e. 2012). The study also examined the relationship of corporate governance and the moderating role of Shariah committee with the extent of ICD practices among the Islamic banks. Several corporate governance mechanisms such as board size, number of board meetings, board gender, board independence, board expertise, audit committee size, number of audit committee meeting, audit committee gender, audit committee independence, and audit committee expertise were used as dependent variables. While, selected Shariah committee characteristics that, included Shariah committee size and Shariah committee gender were the moderating variables and firm characteristics were used as control variables to control for cross-sectional differences associated with ICD. The study applied the prominent resourced-based, agency and legitimacy theories and formulated twenty-three (23) hypotheses. Based on a total sample of 231 Islamic banks in four countries, namely Malaysia, Brunei, Bahrain and Jordan covering year 2012 to 2018, the findings revealed that having an effective governance structure is essential, as it is able to influence the ICD practices of Islamic banks. Specifically, the study found that ICD practices of Islamic banks is significantly and positively associated with board size, board independence, audit committee gender and audit committee independence. The results suggest that larger or reasonable board size tends to have varied skills and expertise among the board members, resulting in more information by allowing for greater diversity of backgrounds and viewpoints.en_US
dc.identifier.citationAdznan, S. (2022). Intellectual capital disclosure practices and governance mechanisms of Islamic banks: a comparative study between IFRS and AAOIFI financial reporting regimes (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3789en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3789
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2022. INCEIF
dc.sourceSGPS
dc.subjectIntellectual capital disclosure (ICD) practicesen_US
dc.subjectIslamic banksen_US
dc.subjectFinancial reportingen_US
dc.subjectIFRSen_US
dc.subjectFASen_US
dc.subjectMalaysiaen_US
dc.subjectBruneien_US
dc.subjectBahrainen_US
dc.subjectJordanen_US
dc.titleIntellectual capital disclosure practices and governance mechanisms of Islamic banks: a comparative study between IFRS and AAOIFI financial reporting regimesen_US
dc.typePhDen_US
dlc.maintopicIslamic accounting
dlc.maintopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable soon
ikr.topic.maintopicIslamic banking
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relation.isAuthorOfPublication33b91dde-0170-454c-8f2b-ec4b208837b9
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relation.isAuthorOfPublication6db6c13d-0845-4828-add4-5ebe0bba4e3e
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