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Treatment of public interest issues in Shariah governance of Islamic banks in Malaysia: a survey

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dc.contributor.authorFatin Syafiqah Shaharudin
dc.contributor.supervisorSaiful Azhar Rosly
dc.date.accessioned2024-03-18T00:54:05Z
dc.date.available2024-03-18T00:54:05Z
dc.date.issued2020
dc.description.abstractA number of public interest issues (PII) have emerged in the Islamic banking sector from complaints by consumer groups. These were unfair financing practices adopted in Islamic banks such as the flat rate method (FRM), Rule of 78 and monthly compounding of profit, and lack of concern in addressing abandon housing financed by banking products. As these issues have caused harm to consumers, the Shariah Governance Policy document (SGPD) 2019 has a role in ensuring that the Board of Directors (BOD) and Shariah Committee (SC) members of Islamic banks can act accordingly to prevent these public interest issues from turning into Shariah non-compliance (SNC) event and even triggering law of tort. The study aims to identify and categorize actual SNC events of Islamic banks as public interest and non-public interest events. It also seeks to investigate the treatment of public interest issues by Islamic banks. This includes the understanding of public interest issues among bankers, the manner in which public interest issues are invoked in Shariah governance and finally, the relationship these public interest issues and bank business and risk strategies.en_US
dc.identifier.citationShaharudin, F. S. (2020). Treatment of public interest issues in Shariah governance of Islamic banks in Malaysia: a survey (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3969en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3969
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2020. INCEIF
dc.sourceSGPS
dc.subjectShariah non-compliant events
dc.subjectIslamic banks
dc.subjectPublic interest events
dc.subjectNon-public interest events
dc.subjectMalaysia
dc.subjectProject paper (MSc)
dc.titleTreatment of public interest issues in Shariah governance of Islamic banks in Malaysia: a surveyen_US
dc.typeMasteren_US
dlc.maintopicIslamic banking
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in PDF format. Kindly email to kmc@inceif.org to access the item
ikr.topic.maintopicIslamic bankingen_US
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