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Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh

This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah...

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Main Author: Lateh, Najahuddin
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
The practice of Islam
Study and teaching. Research
Online Access:http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf
http://ir.uitm.edu.my/id/eprint/20209/
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spelling my.uitm.ir.202092019-03-11T04:18:59Z http://ir.uitm.edu.my/id/eprint/20209/ Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh Lateh, Najahuddin The practice of Islam Study and teaching. Research This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future. 2017 Conference or Workshop Item PeerReviewed text en http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf Lateh, Najahuddin (2017) Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh. In: 2nd International Islamic Heritage Conference (ISHEC 2017), 14-15 November 2017, Avillion Hotel Melaka.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic The practice of Islam
Study and teaching. Research
spellingShingle The practice of Islam
Study and teaching. Research
Lateh, Najahuddin
Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
description This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future.
format Conference or Workshop Item
author Lateh, Najahuddin
author_facet Lateh, Najahuddin
author_sort Lateh, Najahuddin
title Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_short Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_full Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_fullStr Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_full_unstemmed Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_sort shariah risk profiling through shariah based business modeling: a rectification plan for shariah audit finding (sncr-01) for company xyz / mohd helmi ahmad and najahuddin lateh
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf
http://ir.uitm.edu.my/id/eprint/20209/
_version_ 1685649313676394496
score 13.222552

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