Human capital development in shariah audit

The Shariah Governance Framework (SGF) is a set of organizational arrangements through which Islamic Financial Institutions (IFIs) ensure effective oversight, responsibility and accountability of the board of directors, management and Shariah Committee. In measuring the IFIs compliance to the Sharia...

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Main Authors: Shafii Z., Salleh S., Hanefah H.M.M., Jusoff K.
Format: Article
Language:English
Published: 2017
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Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/15426
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Institution: Universiti Sains Islam Malaysia
Language: English
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spelling my.usim-154262017-11-08T08:53:09Z Human capital development in shariah audit Shafii Z., Salleh S. Hanefah H.M.M., Jusoff K. Competency; Human capital development; Independence; Qualifications The Shariah Governance Framework (SGF) is a set of organizational arrangements through which Islamic Financial Institutions (IFIs) ensure effective oversight, responsibility and accountability of the board of directors, management and Shariah Committee. In measuring the IFIs compliance to the Shariah, SGF requires regular internal Shariah reviews and Shariah audit. This paper aims to identify the independence and competency quality that requires for human capital development in Shariah audit. This research adapts focus group study conducted with the stakeholders of IFIs which consist of regulators, IFIs management, employees and shareholders. The results from this study indicate that Shariah auditors must possess Shariah and accounting knowledge. However, if the Shariah auditors do not have the necessary qualifications, their experiences in the Islamic banking could be considered. In terms of independence, the Shariah audit function shall currently attach to the internal audit department. The findings of the study could be used in developing syllabus and training modules for Shariah audit that reflects the Shariah requirements and also the industry's needs. Future research could be done by expanding the sample of the study that covers wider group of informants to achieve variety of feedbacks from the Shariah audit experts. 2017-11-08T08:53:09Z 2017-11-08T08:53:09Z 2013 Article 19909233 http://ddms.usim.edu.my:80/jspui/handle/123456789/15426 en
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Competency; Human capital development; Independence; Qualifications
spellingShingle Competency; Human capital development; Independence; Qualifications
Shafii Z., Salleh S.
Hanefah H.M.M., Jusoff K.
Human capital development in shariah audit
description The Shariah Governance Framework (SGF) is a set of organizational arrangements through which Islamic Financial Institutions (IFIs) ensure effective oversight, responsibility and accountability of the board of directors, management and Shariah Committee. In measuring the IFIs compliance to the Shariah, SGF requires regular internal Shariah reviews and Shariah audit. This paper aims to identify the independence and competency quality that requires for human capital development in Shariah audit. This research adapts focus group study conducted with the stakeholders of IFIs which consist of regulators, IFIs management, employees and shareholders. The results from this study indicate that Shariah auditors must possess Shariah and accounting knowledge. However, if the Shariah auditors do not have the necessary qualifications, their experiences in the Islamic banking could be considered. In terms of independence, the Shariah audit function shall currently attach to the internal audit department. The findings of the study could be used in developing syllabus and training modules for Shariah audit that reflects the Shariah requirements and also the industry's needs. Future research could be done by expanding the sample of the study that covers wider group of informants to achieve variety of feedbacks from the Shariah audit experts.
format Article
author Shafii Z., Salleh S.
Hanefah H.M.M., Jusoff K.
author_facet Shafii Z., Salleh S.
Hanefah H.M.M., Jusoff K.
author_sort Shafii Z., Salleh S.
title Human capital development in shariah audit
title_short Human capital development in shariah audit
title_full Human capital development in shariah audit
title_fullStr Human capital development in shariah audit
title_full_unstemmed Human capital development in shariah audit
title_sort human capital development in shariah audit
publishDate 2017
url http://ddms.usim.edu.my:80/jspui/handle/123456789/15426
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