Legal Obstacles in Shari’ah Corporate Governance of Islamic Financial Institutions in Malaysia العقبات القانونية في الحوكمة الشرعية للمؤسسات المالية الإسلامية في ماليزيا

Aishath Muneeza and Rusni Hassan ()
Additional contact information
Rusni Hassan: Islamic Economics Institute King Abdulaziz University, Jeddah, Saudi Arabia

Journal of King Abdulaziz University: Islamic Economics, 2011, vol. 24, issue 2, 177-180

Abstract: This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari’ah corporate governance in the effectiveness and stability of Islamic financial Institutions in Malaysia. They outline the roles of corporate governance (in both conventional and Islamic corporations) through which it can be directed, administered and controlled. However, they argue that Shari’ah corporate governance has different perspective and methodology. The Shari’ah corporate governance primary is based on the tenets of Islam as the primary law and then on other positive laws, such as laws regulating the interest of the directors and the stakeholders. They described the structure of shari’ah corporate governance in Malaysia in order to emphasize and underscore some legal obstacles in the Shari’ah corporate governance and suggest some practical solutions to reform absence in the law. --

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://iei.kau.edu.sa/Files/121/Files/153878_IEI-VOL-24-2-06E-Aishath.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:24:y:2011:i:2:no:6:p:177-180

DOI: 10.4197/Islec.24-2.6

Access Statistics for this article

More articles in Journal of King Abdulaziz University: Islamic Economics from King Abdulaziz University, Islamic Economics Institute. Contact information at EDIRC.
Bibliographic data for series maintained by King Abdulaziz University, Islamic Economics Institute. ().