Maqasid Shariah-based governance framework for halal industry in Malaysia
Shariah governance is an important component in Halal industry. Appropriate mechanism should be established to ensure Halal certified company complies with Shariah principles. Unlike Islamic finance, Halal industry is less regulated and there is no dedicated control body to regulate Halal industry....
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Academia Industry Networks
2021
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/97951/7/97951_Maqasid%20Shariah-based%20governance%20framework.pdf http://irep.iium.edu.my/97951/ https://myjms.mohe.gov.my/index.php/ijbec/issue/view/1384 |
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| Institution: | Universiti Islam Antarabangsa Malaysia |
| Language: | English |
| Summary: | Shariah governance is an important component in Halal industry. Appropriate mechanism should be established to ensure Halal certified company complies with Shariah principles. Unlike Islamic finance, Halal industry is less regulated and there is no dedicated control body to regulate Halal industry. Halal certification is not compulsory and even Halal certificate holding company sometimes does not have a clear Shariah governance. The establishment of a robust Shariah governance framework for Halal industry is important to gain public and shareholders’ confidence and trust. Thus, this study investigates the structure of Halal governance in the current JAKIM’s requirement and will propose a Maqasid Shariah based governance framework for Halal industry in Malaysia. Related documents and experts’ views were analysed in this study. |
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