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The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution

Previous studies had documented evidences which were incoherent of which either focused on the Shariah Committee attributes or the IFI performance based on profitability and corporate social responsibility. Furthermore, these performance measurements are considered inappropriate as it should be base...

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Main Authors: Mohammed Shah, Sabarina, Hassan, Mohamat Sabri, Mohd Saleh, Norman, Ahmad, Sanep
Format: Conference or Workshop Item
Language:English
Published: Halal Products Research Institute, Universiti Putra Malaysia 2014
Online Access:http://psasir.upm.edu.my/id/eprint/60501/1/Mihrec%203.pdf
http://psasir.upm.edu.my/id/eprint/60501/
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spelling my.upm.eprints.605012018-06-07T06:24:25Z http://psasir.upm.edu.my/id/eprint/60501/ The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution Mohammed Shah, Sabarina Hassan, Mohamat Sabri Mohd Saleh, Norman Ahmad, Sanep Previous studies had documented evidences which were incoherent of which either focused on the Shariah Committee attributes or the IFI performance based on profitability and corporate social responsibility. Furthermore, these performance measurements are considered inappropriate as it should be based on the achievement of the maqasid al shariah. Hence, this study addresses this gap by examining the effectiveness influenced by Shariah Committee attributes and its involvement in the advising role in achieving maqasid al shariah. It is a process oriented approach through the lens of Islamic Accountability based on the Shariah Governance Framework (SGF) 2011. This study extends the attributes of the Shariah Committee members to include the component of their tawhidic values and the achievement of the maqasid al shariah through their perceptions. Therefore, the quantitative approach through survey was employed whereby the questionnaire, based on three main constructs namely the Shariah Committee attributes, advising role, the maqasid al shariah specifically in preservation of religion, was developed. It was distributed to a total sample of 240 which is subdivided into 113 and 127 of Shariah Committee members and Shariah Personnel in Malaysian IFI, respectively. Subsequently, a cross sectional model is applied for it enables the examination of the existing relationship simultaneously which resulted in the structural path model. The structural path model revealed that there is a significant positive relationship between the Shariah Committee attributes and the maqasid al shariah in preservation of religion. However, it is found that the Shariah Committee advising role do not mediate this relationship. Thus, the implication of this research placed the importance of highly qualified Shariah Committee members and greater involvement in their advising roles in order to achieve the maqasid al shariah in terms of the preservation of religion. Halal Products Research Institute, Universiti Putra Malaysia 2014 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/60501/1/Mihrec%203.pdf Mohammed Shah, Sabarina and Hassan, Mohamat Sabri and Mohd Saleh, Norman and Ahmad, Sanep (2014) The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution. In: Malaysia International Halal Research & Education Conference 2014 (MIHREC 2014), 2-4 Dec. 2014, Marriott Putrajaya Hotel, Malaysia. (pp. 24-33).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Previous studies had documented evidences which were incoherent of which either focused on the Shariah Committee attributes or the IFI performance based on profitability and corporate social responsibility. Furthermore, these performance measurements are considered inappropriate as it should be based on the achievement of the maqasid al shariah. Hence, this study addresses this gap by examining the effectiveness influenced by Shariah Committee attributes and its involvement in the advising role in achieving maqasid al shariah. It is a process oriented approach through the lens of Islamic Accountability based on the Shariah Governance Framework (SGF) 2011. This study extends the attributes of the Shariah Committee members to include the component of their tawhidic values and the achievement of the maqasid al shariah through their perceptions. Therefore, the quantitative approach through survey was employed whereby the questionnaire, based on three main constructs namely the Shariah Committee attributes, advising role, the maqasid al shariah specifically in preservation of religion, was developed. It was distributed to a total sample of 240 which is subdivided into 113 and 127 of Shariah Committee members and Shariah Personnel in Malaysian IFI, respectively. Subsequently, a cross sectional model is applied for it enables the examination of the existing relationship simultaneously which resulted in the structural path model. The structural path model revealed that there is a significant positive relationship between the Shariah Committee attributes and the maqasid al shariah in preservation of religion. However, it is found that the Shariah Committee advising role do not mediate this relationship. Thus, the implication of this research placed the importance of highly qualified Shariah Committee members and greater involvement in their advising roles in order to achieve the maqasid al shariah in terms of the preservation of religion.
format Conference or Workshop Item
author Mohammed Shah, Sabarina
Hassan, Mohamat Sabri
Mohd Saleh, Norman
Ahmad, Sanep
spellingShingle Mohammed Shah, Sabarina
Hassan, Mohamat Sabri
Mohd Saleh, Norman
Ahmad, Sanep
The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
author_facet Mohammed Shah, Sabarina
Hassan, Mohamat Sabri
Mohd Saleh, Norman
Ahmad, Sanep
author_sort Mohammed Shah, Sabarina
title The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
title_short The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
title_full The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
title_fullStr The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
title_full_unstemmed The shariah committee attributes, advising role and the preservation of religion in the Malaysian Islamic financial institution
title_sort shariah committee attributes, advising role and the preservation of religion in the malaysian islamic financial institution
publisher Halal Products Research Institute, Universiti Putra Malaysia
publishDate 2014
url http://psasir.upm.edu.my/id/eprint/60501/1/Mihrec%203.pdf
http://psasir.upm.edu.my/id/eprint/60501/
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score 13.211869

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