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Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]

Globally, there has been significant interest in literature on risk analysis and management in the past decade or so. However, all these developments revolved around the banking and financial institution, due to extensive research, development and innovation of its institutions and services. While n...

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Main Authors: Khalid, Mohammad Mahyuddin, Yaakob, Mohd Ashrof Zaki, Mohd Sirajuddin, Mohd Dasuqkhi, Mahfot, Mahbob
Format: Book Section
Language:English
Published: Research Innovation Business Unit 2014
Subjects:
Islam
Benevolent work. Social work. Welfare work, etc.
Alms (Zakat)
Functionaries. Ulama. ﻋﻠﻤﺎء
Online Access:https://ir.uitm.edu.my/id/eprint/73308/1/73308.pdf
https://ir.uitm.edu.my/id/eprint/73308/
http://www.iidex.com.my
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spelling my.uitm.ir.733082023-03-28T08:30:33Z https://ir.uitm.edu.my/id/eprint/73308/ Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.] Khalid, Mohammad Mahyuddin Yaakob, Mohd Ashrof Zaki Mohd Sirajuddin, Mohd Dasuqkhi Mahfot, Mahbob Islam Benevolent work. Social work. Welfare work, etc. Alms (Zakat) Functionaries. Ulama. ﻋﻠﻤﺎء Globally, there has been significant interest in literature on risk analysis and management in the past decade or so. However, all these developments revolved around the banking and financial institution, due to extensive research, development and innovation of its institutions and services. While number of Islamic institution like zakat (tithe) and waqf (endowment) has grown substantively in the last few years, research and studies of its risk character and profile are still low. Effective management of risk is fundamental key to any institution’s governance framework. As for Islamic institutions, risk appears to be in many different profiles; financial, personnel, program and others due to interaction with economic, political and social environments. Islamic institutions are faced with this unique risk as a result of special characteristics of the operational structures of the institutions such as operational risk, legal risk and shariah non-compliance risk. This study aims to conduct risk assessment to identify and analyse potential risk in the Islamic institutions with the main objectives to identify, manage and monitor type of risk in zakat and waqf institutions. Although potential risk is difficult to be identified, Islamic institutions must explore ways to manage the potential risk as it might significantly damage their reputation and creditability. Research Innovation Business Unit 2014 Book Section NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/73308/1/73308.pdf Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]. (2014) In: IIDEX 2014: invention, innovation & design exposition. Research Innovation Business Unit, Shah Alam, Selangor, p. 110. (Submitted) http://www.iidex.com.my
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 Islam
Benevolent work. Social work. Welfare work, etc.
Alms (Zakat)
Functionaries. Ulama. ﻋﻠﻤﺎء
spellingShingle Islam
Benevolent work. Social work. Welfare work, etc.
Alms (Zakat)
Functionaries. Ulama. ﻋﻠﻤﺎء
Khalid, Mohammad Mahyuddin
Yaakob, Mohd Ashrof Zaki
Mohd Sirajuddin, Mohd Dasuqkhi
Mahfot, Mahbob
Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
description Globally, there has been significant interest in literature on risk analysis and management in the past decade or so. However, all these developments revolved around the banking and financial institution, due to extensive research, development and innovation of its institutions and services. While number of Islamic institution like zakat (tithe) and waqf (endowment) has grown substantively in the last few years, research and studies of its risk character and profile are still low. Effective management of risk is fundamental key to any institution’s governance framework. As for Islamic institutions, risk appears to be in many different profiles; financial, personnel, program and others due to interaction with economic, political and social environments. Islamic institutions are faced with this unique risk as a result of special characteristics of the operational structures of the institutions such as operational risk, legal risk and shariah non-compliance risk. This study aims to conduct risk assessment to identify and analyse potential risk in the Islamic institutions with the main objectives to identify, manage and monitor type of risk in zakat and waqf institutions. Although potential risk is difficult to be identified, Islamic institutions must explore ways to manage the potential risk as it might significantly damage their reputation and creditability.
format Book Section
author Khalid, Mohammad Mahyuddin
Yaakob, Mohd Ashrof Zaki
Mohd Sirajuddin, Mohd Dasuqkhi
Mahfot, Mahbob
author_facet Khalid, Mohammad Mahyuddin
Yaakob, Mohd Ashrof Zaki
Mohd Sirajuddin, Mohd Dasuqkhi
Mahfot, Mahbob
author_sort Khalid, Mohammad Mahyuddin
title Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
title_short Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
title_full Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
title_fullStr Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
title_full_unstemmed Incorporating risk management as part of shariah governance framework in Islamic institution / Mohammad Mahyuddin Khalid … [et al.]
title_sort incorporating risk management as part of shariah governance framework in islamic institution / mohammad mahyuddin khalid … [et al.]
publisher Research Innovation Business Unit
publishDate 2014
url https://ir.uitm.edu.my/id/eprint/73308/1/73308.pdf
https://ir.uitm.edu.my/id/eprint/73308/
http://www.iidex.com.my
_version_ 1761622514938675200
score 13.211869

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