Developing a Model for Corporate Governance and Conflict of Interest Deterrence in Shari’ahbased Cooperatives

Zurina Shafii, Mohamed Obaidullah (mobaidullah@isdb.org), Rose Ruziana Samad and Rochania Ayu Yunanda
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Zurina Shafii: Universiti Sains Islam Malaysia
Mohamed Obaidullah: The Islamic Research and Teaching Institute (IRTI)
Rose Ruziana Samad: Universiti Sains Islam Malaysia
Rochania Ayu Yunanda: Universiti Sains Islam Malaysia

No 2017-3, Policy Papers from The Islamic Research and Teaching Institute (IRTI)

Abstract: Different from a conventional cooperative, a Shari’ah-based cooperative observes Shari’ah principles. As these cooperatives offers Islamic financial products and involves in Shari’ah compliant investment, they are bound to observe Shari’ah governance structure, transparency, disclosure of information and strict compliance with Shari’ah principles. Compliance with the Shari’ah principles will strengthen public confidence in the credibility of the system of the Islamic Muamalat particularly in the cooperative movement. Due to the infancy of Shari’ahbased cooperative industry that needs for proper governance measures, this paper aims to discuss corporate governance in Shari’ah-based cooperatives in the attempt to propose a model for resolving stakeholders’ conflicts of interest

Keywords: Microfinance; Cooperatives; Shari’ah; Corporate Governance (search for similar items in EconPapers)
Pages: 50 pages
Date: 2017-07-11
New Economics Papers: this item is included in nep-hme, nep-isf, nep-mfd and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ris:irtipp:2017_003

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