Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2017
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| Online Access: | https://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf |
| _version_ | 1825735352485150720 |
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| author | Lateh, Najahuddin |
| author_facet | Lateh, Najahuddin |
| author_sort | Lateh, Najahuddin |
| collection | UITM |
| description | This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future. |
| first_indexed | 2024-03-06T01:45:49Z |
| format | Conference or Workshop Item |
| id | uitm.eprints-0209 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:45:49Z |
| publishDate | 2017 |
| record_format | dspace |
| spelling | uitm.eprints-02092019-03-11T04:18:59Z https://ir.uitm.edu.my/id/eprint/20209/ Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh Lateh, Najahuddin The practice of Islam Study and teaching. Research This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future. 2017 Conference or Workshop Item PeerReviewed text en https://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh. (2017) In: 2nd International Islamic Heritage Conference (ISHEC 2017), 14-15 November 2017, Avillion Hotel Melaka. |
| spellingShingle | The practice of Islam Study and teaching. Research Lateh, Najahuddin Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title | Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title_full | Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title_fullStr | Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title_full_unstemmed | Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title_short | Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh |
| title_sort | shariah risk profiling through shariah based business modeling a rectification plan for shariah audit finding sncr 01 for company xyz mohd helmi ahmad and najahuddin lateh |
| topic | The practice of Islam Study and teaching. Research |
| url | https://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf |
| work_keys_str_mv | AT latehnajahuddin shariahriskprofilingthroughshariahbasedbusinessmodelingarectificationplanforshariahauditfindingsncr01forcompanyxyzmohdhelmiahmadandnajahuddinlateh |