Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance
Halal has become a lifestyle and lucrative business. It is no longer a pure religious issue. Malaysia is a leader in this industry which championing in most of the areas particularly in Halal food, cosmetics and pharmaceuticals and also Islamic finance. Although these industries are under the same...
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| Format: | Book Section |
| Language: | English |
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School of Social Sciences, USM
2017
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| Online Access: | http://eprints.usm.my/41171/1/ART_100.pdf |
| _version_ | 1825834380230131712 |
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| author | Rahim, Norafni @ Farlina |
| author2 | Kadir, Nadhrah A |
| author_facet | Kadir, Nadhrah A Rahim, Norafni @ Farlina |
| author_sort | Rahim, Norafni @ Farlina |
| collection | USM |
| description | Halal has become a lifestyle and lucrative business. It is no longer a pure religious issue. Malaysia is a
leader in this industry which championing in most of the areas particularly in Halal food, cosmetics and
pharmaceuticals and also Islamic finance. Although these industries are under the same umbrella i.e. Halal and lies the under same Shariah principle, the internal governance system are different due to the nature and complexities of the industries. Malaysia Halal certification has achieve the world standard and become reference from other countries too. The Halal producers and manufacturers are required to comply with Trade Description Act, other Acts related with their nature of business, Malaysia Halal Standard (MS) and Manual for Halal Certification. To ensure the integrity of Halal operation, JAKIM has released the Halal Assurance Management System 2011 (HAS 2011). However, those policies are silent in the internal Halal governance framework. Compared to Islamic finance industry, they are governed by Shariah Governance Framework 2010. Thus, this study tries to review the governance system in Halal
industries and Islamic finance and try to integrate them for solid better governance. |
| first_indexed | 2024-03-06T15:21:52Z |
| format | Book Section |
| id | usm.eprints-41171 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:21:52Z |
| publishDate | 2017 |
| publisher | School of Social Sciences, USM |
| record_format | dspace |
| spelling | usm.eprints-411712018-07-30T02:10:22Z http://eprints.usm.my/41171/ Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance Rahim, Norafni @ Farlina H1-99 Social sciences (General) Halal has become a lifestyle and lucrative business. It is no longer a pure religious issue. Malaysia is a leader in this industry which championing in most of the areas particularly in Halal food, cosmetics and pharmaceuticals and also Islamic finance. Although these industries are under the same umbrella i.e. Halal and lies the under same Shariah principle, the internal governance system are different due to the nature and complexities of the industries. Malaysia Halal certification has achieve the world standard and become reference from other countries too. The Halal producers and manufacturers are required to comply with Trade Description Act, other Acts related with their nature of business, Malaysia Halal Standard (MS) and Manual for Halal Certification. To ensure the integrity of Halal operation, JAKIM has released the Halal Assurance Management System 2011 (HAS 2011). However, those policies are silent in the internal Halal governance framework. Compared to Islamic finance industry, they are governed by Shariah Governance Framework 2010. Thus, this study tries to review the governance system in Halal industries and Islamic finance and try to integrate them for solid better governance. School of Social Sciences, USM Kadir, Nadhrah A Rahmat, Siti Rahyla Mohd, Azmil Tayeb Mohd, Saidatulakmal 2017 Book Section PeerReviewed application/pdf en http://eprints.usm.my/41171/1/ART_100.pdf Rahim, Norafni @ Farlina (2017) Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance. In: Social Sciences Postgraduate International Seminar (SSPIS) 2017. School of Social Sciences, USM, Pulau Pinang, Malaysia, pp. 731-738. ISBN 9789671544013 http://www.sspis.usm.my |
| spellingShingle | H1-99 Social sciences (General) Rahim, Norafni @ Farlina Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title | Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title_full | Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title_fullStr | Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title_full_unstemmed | Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title_short | Bridging Halal Industry and Islamic Finance: Conceptual Review on the Internal Governance |
| title_sort | bridging halal industry and islamic finance conceptual review on the internal governance |
| topic | H1-99 Social sciences (General) |
| url | http://eprints.usm.my/41171/1/ART_100.pdf |
| work_keys_str_mv | AT rahimnorafnifarlina bridginghalalindustryandislamicfinanceconceptualreviewontheinternalgovernance |