Human Capital Accountability and Construct: Evidence from Islamic Microfinance Institutions in Malaysia
To identify the human capital construct that significantly relates to the performance of Islamic organizations, this study obtained data from Islamic microfinance organizations in Malaysia using the survey questionnaire method. In addition, we interviewed renowned scholars in the fields of Isl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | Arabic |
| Published: |
Universiti Sultan Azlan Shah
2018-03-01
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| Series: | Global Journal Al-Thaqafah |
| Subjects: | |
| Online Access: | http://www.gjat.my/gjat2018si/SI2018-08.pdf |
| Summary: | To identify the human capital construct that
significantly relates to the performance of
Islamic organizations, this study obtained
data from Islamic microfinance organizations
in Malaysia using the survey questionnaire
method. In addition, we interviewed renowned
scholars in the fields of Islamic accounting and
Shariah law. Consequently, this study proposes
an extended model of human capital that is
applicable to Islamic organizations. Apart from
knowledge and competency, this study includes
spiritual value as another construct of human
capital in Islamic organizations. Knowledge
includes ideas that are relevant to the accounting
and auditing spectra, as well as Shariah
principles and jurisprudence. By contrast,
competency refers to the ability to innovate
unique Shariah-compliant products that are rare
and difficult to imitate. Meanwhile, spiritual
values embrace the elements of “Siddiq,”
“Amanah,” “Fathonah,” and “Tabligh.” This
study affirms that knowledge, competency, and
satisfaction are the most significant constructs
of human capital that explain performance.
Factor analysis indicates that spiritual value is
embedded in and forms part of the human capital
construct. Hence, spiritual value is a key element
in company culture and contributes significantly
to organizational success. This model can be
a platform for human capital reporting in the
relevant Islamic and conventional organizations. |
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| ISSN: | 2232-0474 2232-0482 |