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Study on enhancement programmes conducted by Malaysian Islamic financial institutions

The Central Bank of Malaysia (Central Bank) has introduced and issued the Shariah Governance Framework for Islamic Financial Operators (IFIs) 2010 (SGF 2010) in October 2010 to all IFIs under the Central Bank jurisdictions to have a proper Shariah governance that need to be adopted accordingly. Th...

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Main Authors: Othman, Ahmad Azam, Hassan, Rusni, Omar, Muhammad Naim, Mohd Napiah, Mohammad Deen, Arifin, Mahamad
Format: Proceeding Paper
Language:English
English
Published: 2013
Subjects:
KPG Malaysia
Online Access:http://irep.iium.edu.my/38355/1/4thICBER2013_Proceeding_enhancement_programmes.pdf
http://irep.iium.edu.my/38355/4/000_000_4thICBER2013_Proceeding_Content.pdf
http://irep.iium.edu.my/38355/
http://www.internationalconference.com.my/proceeding/icber2013_proceeding/icber2013_proceeding.html
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spelling my.iium.irep.383552024-03-15T03:52:21Z http://irep.iium.edu.my/38355/ Study on enhancement programmes conducted by Malaysian Islamic financial institutions Othman, Ahmad Azam Hassan, Rusni Omar, Muhammad Naim Mohd Napiah, Mohammad Deen Arifin, Mahamad KPG Malaysia The Central Bank of Malaysia (Central Bank) has introduced and issued the Shariah Governance Framework for Islamic Financial Operators (IFIs) 2010 (SGF 2010) in October 2010 to all IFIs under the Central Bank jurisdictions to have a proper Shariah governance that need to be adopted accordingly. The IFIs need to confirm that they have met all the requirements and are operating in accordance with it. One of the primary objectives of SGF 2010 is to enhance the role of the Board of Directors (Board), Shariah Committee (SC) and the management in relation to Shariah matters, including enhancing the relevant key organs having the responsibility to execute the Shariah compliance and research functions aimed at the attainment of a Shariah based operating environment. Thus, this study investigates the enhancement programmes organized and participated by relevant key organs of the IFIs. It analyses the budget allocation for the enhancement programmes, types of enhancement programmes and the enhancement programmes target group respectively. This is done through the collection of data and information by distributing the questionnaire to the respondents who involved in IFIs’ industries such as the management of the IFIs, be it Islamic banks and Takaful operators, management of the IFIs, SC and Shariah officers. Most of the data in this study were collected and analyzed using the Statistical Package for Social Sciences (SPSS) software version 16.0 and Microsoft Excel. Additional the descriptive analysis is used to determine the number of frequencies and percentages. The findings and analysis show that the IFIs have adopted the objective of the SGF 2010 accordingly by setting aside certain amount of monies for enhancement programmes for certain targeted groups who are the participants of the programmes. 2013-03 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/38355/1/4thICBER2013_Proceeding_enhancement_programmes.pdf application/pdf en http://irep.iium.edu.my/38355/4/000_000_4thICBER2013_Proceeding_Content.pdf Othman, Ahmad Azam and Hassan, Rusni and Omar, Muhammad Naim and Mohd Napiah, Mohammad Deen and Arifin, Mahamad (2013) Study on enhancement programmes conducted by Malaysian Islamic financial institutions. In: 4th International Conference on Business and Economic Research (4th ICBER 2013), 4th-5th Mar 2013, Bandung, Indonesia. http://www.internationalconference.com.my/proceeding/icber2013_proceeding/icber2013_proceeding.html
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic KPG Malaysia
spellingShingle KPG Malaysia
Othman, Ahmad Azam
Hassan, Rusni
Omar, Muhammad Naim
Mohd Napiah, Mohammad Deen
Arifin, Mahamad
Study on enhancement programmes conducted by Malaysian Islamic financial institutions
description The Central Bank of Malaysia (Central Bank) has introduced and issued the Shariah Governance Framework for Islamic Financial Operators (IFIs) 2010 (SGF 2010) in October 2010 to all IFIs under the Central Bank jurisdictions to have a proper Shariah governance that need to be adopted accordingly. The IFIs need to confirm that they have met all the requirements and are operating in accordance with it. One of the primary objectives of SGF 2010 is to enhance the role of the Board of Directors (Board), Shariah Committee (SC) and the management in relation to Shariah matters, including enhancing the relevant key organs having the responsibility to execute the Shariah compliance and research functions aimed at the attainment of a Shariah based operating environment. Thus, this study investigates the enhancement programmes organized and participated by relevant key organs of the IFIs. It analyses the budget allocation for the enhancement programmes, types of enhancement programmes and the enhancement programmes target group respectively. This is done through the collection of data and information by distributing the questionnaire to the respondents who involved in IFIs’ industries such as the management of the IFIs, be it Islamic banks and Takaful operators, management of the IFIs, SC and Shariah officers. Most of the data in this study were collected and analyzed using the Statistical Package for Social Sciences (SPSS) software version 16.0 and Microsoft Excel. Additional the descriptive analysis is used to determine the number of frequencies and percentages. The findings and analysis show that the IFIs have adopted the objective of the SGF 2010 accordingly by setting aside certain amount of monies for enhancement programmes for certain targeted groups who are the participants of the programmes.
format Proceeding Paper
author Othman, Ahmad Azam
Hassan, Rusni
Omar, Muhammad Naim
Mohd Napiah, Mohammad Deen
Arifin, Mahamad
author_facet Othman, Ahmad Azam
Hassan, Rusni
Omar, Muhammad Naim
Mohd Napiah, Mohammad Deen
Arifin, Mahamad
author_sort Othman, Ahmad Azam
title Study on enhancement programmes conducted by Malaysian Islamic financial institutions
title_short Study on enhancement programmes conducted by Malaysian Islamic financial institutions
title_full Study on enhancement programmes conducted by Malaysian Islamic financial institutions
title_fullStr Study on enhancement programmes conducted by Malaysian Islamic financial institutions
title_full_unstemmed Study on enhancement programmes conducted by Malaysian Islamic financial institutions
title_sort study on enhancement programmes conducted by malaysian islamic financial institutions
publishDate 2013
url http://irep.iium.edu.my/38355/1/4thICBER2013_Proceeding_enhancement_programmes.pdf
http://irep.iium.edu.my/38355/4/000_000_4thICBER2013_Proceeding_Content.pdf
http://irep.iium.edu.my/38355/
http://www.internationalconference.com.my/proceeding/icber2013_proceeding/icber2013_proceeding.html
_version_ 1794544762859028480
score 13.211869

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