The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking

Purpose: In relation to the critical problem, this paper aims to present an understanding of the agency theory and the stakeholder theory from the perspective of the Islamic principles.Indeed, a thorough examination of the theoretical background explaining corporate governance from the Islamic persp...

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Main Authors: Mohammed, Sulaiman Abdullah Saif, Muhammed, Joriah
Format: Article
Language:English
Published: Emerald Group Publishing Limited 2017
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Online Access:http://repo.uum.edu.my/21986/1/H%2033%201%202017%2075%2083.pdf
http://repo.uum.edu.my/21986/
http://doi.org/10.1108/H-08-2016-0062
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spelling my.uum.repo.219862017-05-08T00:54:23Z http://repo.uum.edu.my/21986/ The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking Mohammed, Sulaiman Abdullah Saif Muhammed, Joriah HG Finance Purpose: In relation to the critical problem, this paper aims to present an understanding of the agency theory and the stakeholder theory from the perspective of the Islamic principles.Indeed, a thorough examination of the theoretical background explaining corporate governance from the Islamic perspective is necessary to conduct research analyzing corporate governance in Islamic banks. Design/methodology/approach: The authors followed a critical review discussion; this method takes into consideration presenting important theories and comparing those theories with Islamic perspective. Findings: The authors presented important arguments on the difference between ordinary theories to explaining corporate governance and Islamic perspective.The paper browsed into whether the Shariah Supervisory Board is a fit with the agency theory by explaining the agency theory and how it differs from the Islamic banking concepts.The paper involved an analytical review on stakeholder theory and presented a critique and the rationale as to why there is ample room for the Shariah Supervisory Board to be considered a fit with the stakeholder theory, as the Shariah Supervisory Board is an independent body influencing the firm.Originality/value: The paper is of important value to those conducting research in the area of governance in Islamic banks; they may find it beneficial in terms of underlining theory building their research framework. Emerald Group Publishing Limited 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/21986/1/H%2033%201%202017%2075%2083.pdf Mohammed, Sulaiman Abdullah Saif and Muhammed, Joriah (2017) The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking. Humanomics, 33 (1). pp. 75-83. ISSN 0828-8666 http://doi.org/10.1108/H-08-2016-0062 doi:10.1108/H-08-2016-0062
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Mohammed, Sulaiman Abdullah Saif
Muhammed, Joriah
The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
description Purpose: In relation to the critical problem, this paper aims to present an understanding of the agency theory and the stakeholder theory from the perspective of the Islamic principles.Indeed, a thorough examination of the theoretical background explaining corporate governance from the Islamic perspective is necessary to conduct research analyzing corporate governance in Islamic banks. Design/methodology/approach: The authors followed a critical review discussion; this method takes into consideration presenting important theories and comparing those theories with Islamic perspective. Findings: The authors presented important arguments on the difference between ordinary theories to explaining corporate governance and Islamic perspective.The paper browsed into whether the Shariah Supervisory Board is a fit with the agency theory by explaining the agency theory and how it differs from the Islamic banking concepts.The paper involved an analytical review on stakeholder theory and presented a critique and the rationale as to why there is ample room for the Shariah Supervisory Board to be considered a fit with the stakeholder theory, as the Shariah Supervisory Board is an independent body influencing the firm.Originality/value: The paper is of important value to those conducting research in the area of governance in Islamic banks; they may find it beneficial in terms of underlining theory building their research framework.
format Article
author Mohammed, Sulaiman Abdullah Saif
Muhammed, Joriah
author_facet Mohammed, Sulaiman Abdullah Saif
Muhammed, Joriah
author_sort Mohammed, Sulaiman Abdullah Saif
title The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
title_short The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
title_full The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
title_fullStr The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
title_full_unstemmed The relationship between agency theory, stakeholder theory and Shariah supervisory board in Islamic banking
title_sort relationship between agency theory, stakeholder theory and shariah supervisory board in islamic banking
publisher Emerald Group Publishing Limited
publishDate 2017
url http://repo.uum.edu.my/21986/1/H%2033%201%202017%2075%2083.pdf
http://repo.uum.edu.my/21986/
http://doi.org/10.1108/H-08-2016-0062
_version_ 1644283392917766144
score 13.211869