Cover Image

Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia

The Islamic banking industry in Indonesia has received great demand from stakeholders with the rise of the assurance and accountability of the business. Further measurements are needed to be taken through a comprehensive Shariah audit for the transaction process and the execution of contracts. The i...

Full description

Saved in:
Bibliographic Details
Main Authors: Zanuar Azan, Ferdi, Redzuan, Nur Harena
Format: Conference or Workshop Item
Language:English
English
English
English
Published: IIUM Institute of Islamic Banking and Finance 2021
Subjects:
BPH72 Economic development. Growth. Sustainable development. Sustainability
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/95150/1/ICiFIL_2021__Full%20paper%20Ferdi%20%26%20Nur%20Harena.pdf
http://irep.iium.edu.my/95150/2/ICIFIL%202021%20-%20Acceptance%20Letter%20Ferdi%20%26%20Nur%20Harena%20Redzuan.pdf
http://irep.iium.edu.my/95150/3/ICIFIL%202021%20-%20Certificate%20to%20presenter%20Ferdi%20Zanuar%20Azan%20%26%20Nur%20Harena%20Redzuan.jpg
http://irep.iium.edu.my/95150/4/10.%20ICiFIL%202021%20Program%20Book_compressed.pdf
http://irep.iium.edu.my/95150/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.95150
record_format dspace
spelling my.iium.irep.951502021-12-22T07:16:54Z http://irep.iium.edu.my/95150/ Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia Zanuar Azan, Ferdi Redzuan, Nur Harena BPH72 Economic development. Growth. Sustainable development. Sustainability HG3368 Islamic Banking and Finance The Islamic banking industry in Indonesia has received great demand from stakeholders with the rise of the assurance and accountability of the business. Further measurements are needed to be taken through a comprehensive Shariah audit for the transaction process and the execution of contracts. The implementation of the Shariah audit resulted in the best performance and reputation of the Islamic bank itself, and ultimately contribute to the economic growth and achieve the Sustainable Development Goals (SDGs) statute. This study examines the Shariah audit perception and practice in Indonesian Islamic banks. The study also explores the implication of Shariah audit in Indonesia Islamic banks toward SDGs achievement. The study adopts a qualitative research method with structured interviews. From the findings, the results indicate that auditing practice in Islamic banks has some differences with auditing in the conventional banks due to some distinguishing features possessed by Islamic banks. In addition, lack of a proper Shariah auditing framework in Islamic banks, while a clear provision from the Financial Services Authority of Indonesia (OJK) is only on Islamic banks’ products and operations with no detailed guidelines on how to conduct the Shariah auditing. In conclusion, a proper Shariah audit practice in Islamic banks should give a notable impact on the SDGs achievement. There should be an improvement in implementing Shariah's audit practice. The Islamic bank should focus on improving the Shariah audit framework and human resources since there are two major issues found in this study. IIUM Institute of Islamic Banking and Finance 2021-07-07 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/95150/1/ICiFIL_2021__Full%20paper%20Ferdi%20%26%20Nur%20Harena.pdf application/pdf en http://irep.iium.edu.my/95150/2/ICIFIL%202021%20-%20Acceptance%20Letter%20Ferdi%20%26%20Nur%20Harena%20Redzuan.pdf application/pdf en http://irep.iium.edu.my/95150/3/ICIFIL%202021%20-%20Certificate%20to%20presenter%20Ferdi%20Zanuar%20Azan%20%26%20Nur%20Harena%20Redzuan.jpg application/pdf en http://irep.iium.edu.my/95150/4/10.%20ICiFIL%202021%20Program%20Book_compressed.pdf Zanuar Azan, Ferdi and Redzuan, Nur Harena (2021) Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia. In: International Conference on Islamic Financial Literacy (ICiFIL 2021), 7-8 July 2021, Online. (Unpublished)
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
English
English
topic BPH72 Economic development. Growth. Sustainable development. Sustainability
HG3368 Islamic Banking and Finance
spellingShingle BPH72 Economic development. Growth. Sustainable development. Sustainability
HG3368 Islamic Banking and Finance
Zanuar Azan, Ferdi
Redzuan, Nur Harena
Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
description The Islamic banking industry in Indonesia has received great demand from stakeholders with the rise of the assurance and accountability of the business. Further measurements are needed to be taken through a comprehensive Shariah audit for the transaction process and the execution of contracts. The implementation of the Shariah audit resulted in the best performance and reputation of the Islamic bank itself, and ultimately contribute to the economic growth and achieve the Sustainable Development Goals (SDGs) statute. This study examines the Shariah audit perception and practice in Indonesian Islamic banks. The study also explores the implication of Shariah audit in Indonesia Islamic banks toward SDGs achievement. The study adopts a qualitative research method with structured interviews. From the findings, the results indicate that auditing practice in Islamic banks has some differences with auditing in the conventional banks due to some distinguishing features possessed by Islamic banks. In addition, lack of a proper Shariah auditing framework in Islamic banks, while a clear provision from the Financial Services Authority of Indonesia (OJK) is only on Islamic banks’ products and operations with no detailed guidelines on how to conduct the Shariah auditing. In conclusion, a proper Shariah audit practice in Islamic banks should give a notable impact on the SDGs achievement. There should be an improvement in implementing Shariah's audit practice. The Islamic bank should focus on improving the Shariah audit framework and human resources since there are two major issues found in this study.
format Conference or Workshop Item
author Zanuar Azan, Ferdi
Redzuan, Nur Harena
author_facet Zanuar Azan, Ferdi
Redzuan, Nur Harena
author_sort Zanuar Azan, Ferdi
title Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
title_short Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
title_full Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
title_fullStr Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
title_full_unstemmed Achieving the SDGs in Shariah Audit by the Islamic Banks in Indonesia
title_sort achieving the sdgs in shariah audit by the islamic banks in indonesia
publisher IIUM Institute of Islamic Banking and Finance
publishDate 2021
url http://irep.iium.edu.my/95150/1/ICiFIL_2021__Full%20paper%20Ferdi%20%26%20Nur%20Harena.pdf
http://irep.iium.edu.my/95150/2/ICIFIL%202021%20-%20Acceptance%20Letter%20Ferdi%20%26%20Nur%20Harena%20Redzuan.pdf
http://irep.iium.edu.my/95150/3/ICIFIL%202021%20-%20Certificate%20to%20presenter%20Ferdi%20Zanuar%20Azan%20%26%20Nur%20Harena%20Redzuan.jpg
http://irep.iium.edu.my/95150/4/10.%20ICiFIL%202021%20Program%20Book_compressed.pdf
http://irep.iium.edu.my/95150/
_version_ 1720436676549935104
score 13.211869

Similar Items