Shariah governance reporting of Islamic banks: An insight from Malaysia
AbstractThis study examines the shariah governance reporting (SGR) of Islamic banks (IBs) through a reporting index comprised of six dimensions, namely shariah committee, shariah review, shariah audit, shariah risk, overall transparency, and investment account holders. The data between 2014–2018 wer...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2023-12-01
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| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2023.2247220 |
| _version_ | 1797265283875864576 |
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| author | Tasya Aspiranti Qaisar Ali Oktofa Yudha Sudrajad Sulistya Rusgianto |
| author_facet | Tasya Aspiranti Qaisar Ali Oktofa Yudha Sudrajad Sulistya Rusgianto |
| author_sort | Tasya Aspiranti |
| collection | DOAJ |
| description | AbstractThis study examines the shariah governance reporting (SGR) of Islamic banks (IBs) through a reporting index comprised of six dimensions, namely shariah committee, shariah review, shariah audit, shariah risk, overall transparency, and investment account holders. The data between 2014–2018 werecollected from the annual reports of 16 licensed IBs in Malaysia and was analyzed using the content analysis technique to gain insight into SGR practices. The empirical results indicate that sampled IBs have reported above average (60%) information of shariah governance (SG) and overall dominance of shariah reporting across the index. The segmental overview of SGR represents that all six dimensions were reported in a scattered pattern, while thematic reporting was less scattered. Broad spectrum results indicate that Malaysian IBs have reported above average (62.22%) information about shariah review and shariah risk (71.11%), whereas other dimensions’ reporting was below average. The findings have also confirmed that the SGR of IBs is statistically different. This research offers matrices for IB managers to determine the accuracy, validity, and authenticity of their annual reports and customize according to shariah reporting requirements. The regulators may use this study to assess IBs’ compliance with SG and improve their regulations as per globally accepted governance standards. |
| first_indexed | 2024-03-07T14:19:49Z |
| format | Article |
| id | doaj.art-da684176506645a0a0b76f82e5aa8430 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-04-25T00:42:20Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-da684176506645a0a0b76f82e5aa84302024-03-12T08:30:27ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110210.1080/23311975.2023.2247220Shariah governance reporting of Islamic banks: An insight from MalaysiaTasya Aspiranti0Qaisar Ali1Oktofa Yudha Sudrajad2Sulistya Rusgianto3Faculty of Economics and Business, Bandung Islamic University, Bandung, IndonesiaFaculty of Economics and Business, Bandung Islamic University, Bandung, IndonesiaFaculty of Economics and Business, Bandung Islamic University, Bandung, IndonesiaFaculty of Economics and Business, Universitas Airlangga Surabaya, Bandung, IndonesiaAbstractThis study examines the shariah governance reporting (SGR) of Islamic banks (IBs) through a reporting index comprised of six dimensions, namely shariah committee, shariah review, shariah audit, shariah risk, overall transparency, and investment account holders. The data between 2014–2018 werecollected from the annual reports of 16 licensed IBs in Malaysia and was analyzed using the content analysis technique to gain insight into SGR practices. The empirical results indicate that sampled IBs have reported above average (60%) information of shariah governance (SG) and overall dominance of shariah reporting across the index. The segmental overview of SGR represents that all six dimensions were reported in a scattered pattern, while thematic reporting was less scattered. Broad spectrum results indicate that Malaysian IBs have reported above average (62.22%) information about shariah review and shariah risk (71.11%), whereas other dimensions’ reporting was below average. The findings have also confirmed that the SGR of IBs is statistically different. This research offers matrices for IB managers to determine the accuracy, validity, and authenticity of their annual reports and customize according to shariah reporting requirements. The regulators may use this study to assess IBs’ compliance with SG and improve their regulations as per globally accepted governance standards.https://www.tandfonline.com/doi/10.1080/23311975.2023.2247220shariah governance, sharia reportingIslamic banks, shariah governance indexIslamic financial reporting |
| spellingShingle | Tasya Aspiranti Qaisar Ali Oktofa Yudha Sudrajad Sulistya Rusgianto Shariah governance reporting of Islamic banks: An insight from Malaysia Cogent Business & Management shariah governance, sharia reporting Islamic banks, shariah governance index Islamic financial reporting |
| title | Shariah governance reporting of Islamic banks: An insight from Malaysia |
| title_full | Shariah governance reporting of Islamic banks: An insight from Malaysia |
| title_fullStr | Shariah governance reporting of Islamic banks: An insight from Malaysia |
| title_full_unstemmed | Shariah governance reporting of Islamic banks: An insight from Malaysia |
| title_short | Shariah governance reporting of Islamic banks: An insight from Malaysia |
| title_sort | shariah governance reporting of islamic banks an insight from malaysia |
| topic | shariah governance, sharia reporting Islamic banks, shariah governance index Islamic financial reporting |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2023.2247220 |
| work_keys_str_mv | AT tasyaaspiranti shariahgovernancereportingofislamicbanksaninsightfrommalaysia AT qaisarali shariahgovernancereportingofislamicbanksaninsightfrommalaysia AT oktofayudhasudrajad shariahgovernancereportingofislamicbanksaninsightfrommalaysia AT sulistyarusgianto shariahgovernancereportingofislamicbanksaninsightfrommalaysia |