Developing a model for corporate governance and conflict of interest deterrence in Shari’ah-based cooperatives

Joint Authors

Shafi, Zurina
Samad, Rose Ruziana
Yunanda, Rochania Ayu
Ubayd Allah, Muhammad

Publisher

Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)

Publication Date

2017-07-11

Country of Publication

Saudi Arabia

No. of Pages

50

Main Subjects

Economy and Commerce
Religion
Islamic Studies
General Management

Topics

• Islamic economics
• Economic development
• Islam
• Economic integration
• Corporate governance
• Conflict of interests

English Abstract

Different from a conventional cooperative, a Shari’ah-based cooperative observes Shari’ah principles.

As these cooperatives offers Islamic financial products and involves in Shari’ah compliant investment, they are bound to observe Shari’ah governance structure, transparency, disclosure of information and strict compliance with Shari’ah principles.

Compliance with the Shari’ah principles will strengthen public confidence in the credibility of the system of the Islamic Muamalat particularly in the cooperative movement.

Due to the infancy of Shari’ah-based cooperative industry that needs for proper governance measures, this paper aims to discuss corporate governance in Shari’ah-based cooperatives in the attempt to propose a model for resolving stakeholders’ conflicts of interest.

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Language

English

Document Type

Book

Notes

Includes bibliographical references.

Record ID

BIM-857826