Exploring Shariah audit practices in zakat and waqf institutions in Malaysia

Muhammad Iqmal Hisha Kamaruddin, Zurina Shafii, Mustafa Mohammed Hanefah, Supiah Salleh and Nurazalia Zakaria

Journal of Islamic Accounting and Business Research, 2023, vol. 15, issue 3, 402-421

Abstract: Purpose - This study aims to explore the current Shariah audit practices in zakat andwaqfinstitutions in Malaysia. Design/methodology/approach - A focus group discussion (FGD) with 38 zakat andwaqfofficers from 17 different zakat andwaqfinstitutions in Malaysia was conducted. For reporting purposes, this study used a single-case study approach. The FGD was conducted and completed at the end of June 2021 via an online approach through Microsoft Teams. Findings - The finding highlights the existing Shariah governance practices especially in terms of Shariah supervision roles, Shariah audit implementation in terms of Shariah audit scopes and common findings, Shariah audit competency, Shariah audit effectiveness especially the need for external Shariah audit function and Shariah audit issues and challenges faced in the implementation of Shariah audit practices. Practical implications - The study findings and recommendations are useful for zakat andwaqfinstitutions as well as the State Islamic Religious Councils to enhance Shariah audit practices in Malaysia. Originality/value - This study is among the pioneer studies that explore Shariah audit practices in zakat andwaqfinstitutions in Malaysia.

Keywords: Islamic accounting; Waqf institution; Shariah audit; Zakat institution (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

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:eme:jiabrp:jiabr-07-2022-0190

DOI: 10.1108/JIABR-07-2022-0190

Access Statistics for this article

Journal of Islamic Accounting and Business Research is currently edited by Dr Mohammad Hudaib and Prof Roszaini Haniffa

More articles in Journal of Islamic Accounting and Business Research from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().