An investigation of shari'ah governance practices of Islamic Financial Institutions (IFI) operating in Sri Lanka /
Islamic Banking and Finance as an alternative banking and finance method is one of the fastest growing industries in the world. With double-digit growth rate, the operations of Islamic Financial Institutions had been accepted and adopted in more than 75 countries. The crux of any Islamic Financial I...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
Kuala Lumpur :
IIUM Institute of Islamic Banking, International Islamic University Malaysia,
2018
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| Subjects: | |
| Online Access: | Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library. |
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| LEADER | 050120000a22004330004500 | ||
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| 008 | 180601s2018 my a f m 000 0 eng d | ||
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| 041 | |a eng | ||
| 043 | |a a-ce--- | ||
| 084 | |a BPH286.3 | ||
| 100 | 1 | |a Fawzer, Fathima Nazeefa Namiz, |e author | |
| 245 | 1 | 3 | |a An investigation of shari'ah governance practices of Islamic Financial Institutions (IFI) operating in Sri Lanka / |c by Fathima Nazeefa Namiz Fawzer |
| 264 | 1 | |a Kuala Lumpur : |b IIUM Institute of Islamic Banking, International Islamic University Malaysia, |c 2018 | |
| 300 | |a xv, 216 leaves : |b illustrations ; |c 30cm. | ||
| 336 | |2 rdacontent |a text | ||
| 337 | |2 rdamedia |a unmediated | ||
| 337 | |2 rdamedia |a computer | ||
| 338 | |2 rdacarrier |a volume | ||
| 338 | |2 rdacarrier |a computer disc | ||
| 338 | |2 rdacarrier |a online resource | ||
| 347 | |2 rdaft |a text file |b PDF | ||
| 500 | |a Abstracts in English and Arabic. | ||
| 500 | |a "A thesis submitted in fulfilment of the requirement for the degree of Doctor of Philosophy in Islamic Banking and Finance." --On title page. | ||
| 502 | |a Thesis (Ph.D)--International Islamic University Malaysia, 2018. | ||
| 504 | |a Includes bibliographical references (leaves 139-148). | ||
| 520 | |a Islamic Banking and Finance as an alternative banking and finance method is one of the fastest growing industries in the world. With double-digit growth rate, the operations of Islamic Financial Institutions had been accepted and adopted in more than 75 countries. The crux of any Islamic Financial Institution is to adhere and comply with the Shari'ah rules and precepts. The mechanism to ensure Shari'ah compliance in all its operation is carried out by Shari'ah Governance. Shari'ah Governance practices vary according to the legal and regulatory requirement in their respective countries. Having a strong Shari'ah Governance framework, structure and process will ensure development and growth of Islamic Banking and Finance industry nationally and internationally. Various studies show that the lack of rigour is shown in Shari'ah Governance practices in non-Muslim countries. Thus, the purpose of this study is to examine the Shari'ah Governance practices and its effectiveness in Islamic Financial Institutions operating in Sri Lanka. A comparative study of Shari'ah Governance practices in different types of Institutions, namely Islamic Banks, Islamic Banking windows, Takaful operators and Islamic Finance companies are explored. The research design employed to achieve the objectives and questions established in this study uses the sequential exploratory mixed method. A combination of both qualitative and quantitative investigation where the first phase of investigation is conducted through qualitative method followed by quantitative method. The qualitative investigation is supported by content analysis and semi-structured interviews, which are analysed manually using a thematic approach, followed by a quantitative study using survey questionnaires from operators analysed through Partial Least Squares (PLS) path. Findings show that full-fledged Islamic Finance operators have written documents representing the Shari'ah Governance process, while other Institutions follow AAOIFI Shari'ah Governance standards in general. The interview with the Shari'ah Board members reveals that currently Shari'ah Governance practices are effective, but requires improvement and state support in the future. Out of six hypothesis developed in relations to the constituents of Shari'ah Governance, three were accepted, namely Shari'ah Board, Board of Management and Shari'ah Audit have an effect on the effective Shari'ah Governance practices and three are rejected namely, Transparency, regulation and standards does not affect the effectiveness of Shari'ah Governance practices in Sri Lanka. Based on the findings appropriate recommendations are put forth that will strengthen the Shari'ah Governance practices in Sri Lanka | ||
| 596 | |a 4 | ||
| 650 | 0 | |a Banks and banking |z Sri Lanka | |
| 655 | 7 | |a Theses, IIUM local | |
| 690 | |a Dissertations, Academic |x Institute of Islamic Banking and Finance. |z IIUM | ||
| 691 | |a Corporate governance |x Islamic perspectives | ||
| 691 | |a Shari'ah compliance | ||
| 691 | |a Financial institutions |x Islamic perspectives | ||
| 710 | 2 | |a International Islamic University Malaysia. |b Institute of Islamic Banking and Finance. | |
| 856 | 4 | |u https://lib.iium.edu.my/mom/services/mom/document/getFile/xNWy4sdm7Uo5YI7OZ33GrFbT0fBO6Qw120180719144037583 |z Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library. | |
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