Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual"
Persistently high expectations from the operations of Islamic financial institutions (IFIs) appears to give way for a gap to exist between “what ought to be” shariah auditing and the current practice of shariah audit in IFIs in Malaysia. Sulaiman (2005) mentioned that “what ought to be desire...
| Հիմնական հեղինակներ: | , , |
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| Ձևաչափ: | Հոդված |
| Լեզու: | English |
| Հրապարակվել է: |
World Business Institute, Australia
2009
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| Խորագրեր: | |
| Առցանց հասանելիություն: | http://irep.iium.edu.my/13560/1/6%5B1%5D.-Nawal_latest.pdf |
| _version_ | 1825645413981487104 |
|---|---|
| author | Kasim, Nawal Mohamad Ibrahim, Shahul Hameed Sulaiman, Maliah |
| author_facet | Kasim, Nawal Mohamad Ibrahim, Shahul Hameed Sulaiman, Maliah |
| author_sort | Kasim, Nawal |
| collection | IIUM |
| description | Persistently high expectations from the operations of Islamic financial institutions
(IFIs) appears to give way for a gap to exist between “what ought to be” shariah
auditing and the current practice of shariah audit in IFIs in Malaysia. Sulaiman (2005)
mentioned that “what ought to be desired (the desirable)” may not coincide with
“what is actually desired (the desired)” and in consequent “what is actually desired”
may not be the same as “the actual” practice. This paper aims to explore empirically
the gap between “the desired” and “the actual” practice of shariah auditing in IFIs in
Malaysia. It is found that there exists a gap between the two concepts in terms of
certain issues discussed in this study. Even though this paper cannot hope to bridge
the gap that exists, it nevertheless shows that shariah audit function has not
seriously taken an impact in IFIs in Malaysia despite its potential as a monitoring tool
for shariah compliance |
| first_indexed | 2024-03-05T22:47:22Z |
| format | Article |
| id | oai:generic.eprints.org:13560 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T22:47:22Z |
| publishDate | 2009 |
| publisher | World Business Institute, Australia |
| record_format | dspace |
| spelling | oai:generic.eprints.org:135602013-06-21T02:41:25Z http://irep.iium.edu.my/13560/ Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" Kasim, Nawal Mohamad Ibrahim, Shahul Hameed Sulaiman, Maliah HG Finance Persistently high expectations from the operations of Islamic financial institutions (IFIs) appears to give way for a gap to exist between “what ought to be” shariah auditing and the current practice of shariah audit in IFIs in Malaysia. Sulaiman (2005) mentioned that “what ought to be desired (the desirable)” may not coincide with “what is actually desired (the desired)” and in consequent “what is actually desired” may not be the same as “the actual” practice. This paper aims to explore empirically the gap between “the desired” and “the actual” practice of shariah auditing in IFIs in Malaysia. It is found that there exists a gap between the two concepts in terms of certain issues discussed in this study. Even though this paper cannot hope to bridge the gap that exists, it nevertheless shows that shariah audit function has not seriously taken an impact in IFIs in Malaysia despite its potential as a monitoring tool for shariah compliance World Business Institute, Australia 2009 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/13560/1/6%5B1%5D.-Nawal_latest.pdf Kasim, Nawal and Mohamad Ibrahim, Shahul Hameed and Sulaiman, Maliah (2009) Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual". Global Economy & Finance Journal, 2 (2). pp. 127-137. ISSN 1834-5883 |
| spellingShingle | HG Finance Kasim, Nawal Mohamad Ibrahim, Shahul Hameed Sulaiman, Maliah Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title | Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title_full | Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title_fullStr | Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title_full_unstemmed | Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title_short | Shariah auditing in Islamic financial institutions: exploring the gap between the "desirable" and the "actual" |
| title_sort | shariah auditing in islamic financial institutions exploring the gap between the desirable and the actual |
| topic | HG Finance |
| url | http://irep.iium.edu.my/13560/1/6%5B1%5D.-Nawal_latest.pdf |
| work_keys_str_mv | AT kasimnawal shariahauditinginislamicfinancialinstitutionsexploringthegapbetweenthedesirableandtheactual AT mohamadibrahimshahulhameed shariahauditinginislamicfinancialinstitutionsexploringthegapbetweenthedesirableandtheactual AT sulaimanmaliah shariahauditinginislamicfinancialinstitutionsexploringthegapbetweenthedesirableandtheactual |