Malaysian’s government linked investment companies : is there a need for shariah governance framework?
Joint Authors
Tijani, Ibrahim Musa
Rusni, Hasan
Nasir, Wan Amir Shafiq Bin Ab.
Source
Issue
Vol. 17, Issue 2 (s) (31 Aug. 2020), pp.198-222, 25 p.
Publisher
International Islamic University Malaysia
Publication Date
2020-08-31
Country of Publication
Malaysia
No. of Pages
25
Main Subjects
Abstract EN
This paper attempts to examine the absence of a shariah governance framework (SGF) in Malaysian's government linked investment companies (GLICS).
a GLIC is essential for the Malaysian economy, while SGF is practiced by the Islamic financial institutions (IFIS) in Malaysia to ensure end-to-end shariah compliant process in the business operation of the banks and takaful operators.
when the GLIC aims to provide shariah compliant returns to their investors (public), the move should be supported by all stakeholders as majority of the investors of the GLICS are Muslims, and thus the demand for a shariah compliant dividend is expected.
as for the IFIS in Malaysia, the central bank of Malaysia requires all IFIS to establish an SGF to ensure their activities comply with shariah principles.
the question arises whether this requirement should be practiced by the GLICS too.
this paper examines the importance of SGF to be established by the GLICS.
since this study is focusing on the importance of SGF in GLICS, interviews and document analysis methods are used for data collection.
American Psychological Association (APA)
Nasir, Wan Amir Shafiq Bin Ab.& Rusni, Hasan& Tijani, Ibrahim Musa. 2020. Malaysian’s government linked investment companies : is there a need for shariah governance framework?. Journal of Islam in Asia،Vol. 17, no. 2 (s), pp.198-222.
https://search.emarefa.net/detail/BIM-1283988
Modern Language Association (MLA)
Nasir, Wan Amir Shafiq Bin Ab.…[et al.]. Malaysian’s government linked investment companies : is there a need for shariah governance framework?. Journal of Islam in Asia Vol. 17, no. 2 (Special issue) (Aug. 2020), pp.198-222.
https://search.emarefa.net/detail/BIM-1283988
American Medical Association (AMA)
Nasir, Wan Amir Shafiq Bin Ab.& Rusni, Hasan& Tijani, Ibrahim Musa. Malaysian’s government linked investment companies : is there a need for shariah governance framework?. Journal of Islam in Asia. 2020. Vol. 17, no. 2 (s), pp.198-222.
https://search.emarefa.net/detail/BIM-1283988
Data Type
Journal Articles
Language
English
Record ID
BIM-1283988