Factors affecting Shariʿah audit quality in Islamic banking institutions of Pakistan : a theoretical framework

المؤلفون المشاركون

Abd al-Rashid
Ghazi, Muhammad Saarim

المصدر

Islamic Economic Studies

العدد

المجلد 28، العدد 2 (30 إبريل/نيسان 2021)، ص ص. 124-140، 17ص.

الناشر

البنك الإسلامي للتنمية المعهد الإسلامي للبحوث و التدريب

تاريخ النشر

2021-04-30

دولة النشر

السعودية

عدد الصفحات

17

التخصصات الرئيسية

الاقتصاد و التجارة

الملخص EN

Purpose - The objective of this study is to present a theoretical framework, which helps ascertain the meanings of the Shariah audit quality and identify the factors that affect it.

Design/methodology/approach - The current literature of conventional and Islamic finance on audit quality is critically reviewed to propose the theoretical framework for the quality of Shariah audit.

Findings - The paper suggests that for a better SharTah compliance at Islamic banking institutions (IBIs), the role of audit practitioners is very much indispensable.

The competency of the practitioner is one of the important factors that affect the quality of the Shari” ah audit.

Assessment and identification of SharT ah risk in different financial arrangements, contracts and transactions require a unique competency on the part of the auditor, that is, gripping Shariah law besides traditional assurance skills and techniques.

Practical implications - The Shariah compliance is one of the primary objectives of IBIs, which works at the conceptual level, product development and implementation level, various business models and governance level.

Shariah audit function, internal or external, is an important component of Shariah governance framework and provides an independent assessment of IBIs’ compliance with the Shariah rules and principles and helps in managing the Shariah non-compliance risk and ensuring sound internal Shariah control system.

Originality/value - The paper proposes a theoretical framework for defining the Shariah audit quality and determining the factors that are significant in affecting the Shariah audit quality in the IBIs of Pakistan.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Abd al-Rashid& Ghazi, Muhammad Saarim. 2021. Factors affecting Shariʿah audit quality in Islamic banking institutions of Pakistan : a theoretical framework. Islamic Economic Studies،Vol. 28, no. 2, pp.124-140.
https://search.emarefa.net/detail/BIM-1414663

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Abd al-Rashid& Ghazi, Muhammad Saarim. Factors affecting Shariʿah audit quality in Islamic banking institutions of Pakistan : a theoretical framework. Islamic Economic Studies Vol. 28, no. 2 (Apr. 2021), pp.124-140.
https://search.emarefa.net/detail/BIM-1414663

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Abd al-Rashid& Ghazi, Muhammad Saarim. Factors affecting Shariʿah audit quality in Islamic banking institutions of Pakistan : a theoretical framework. Islamic Economic Studies. 2021. Vol. 28, no. 2, pp.124-140.
https://search.emarefa.net/detail/BIM-1414663

نوع البيانات

مقالات

لغة النص

الإنجليزية

الملاحظات

Includes bibliographical references : p. 136-140

رقم السجل

BIM-1414663