An Overview of Corporate Governance Practices of Selected Islamic Banks

TSAQAFAH

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Field Value
 
Title An Overview of Corporate Governance Practices of Selected Islamic Banks
 
Creator Belal, Zainab; IIUM Institute of Islamic Banking and Finance (IIiBF) Kuala Lumpur
Hamat, Mustapha; IIUM Institute of Islamic Banking and Finance (IIiBF) Kuala Lumpur
 
Subject Corporate Governance, Islamic Banks, Board, Committees, Ihsan
 
Description Complying with Corporate Governance (CG) standards is not mandatory but with collapse of many financial institutions, compliance with high standards of CG in banking operation has become a necessity. This is due to the fact that many banks and companies worldwide collapsed as a result of poor corporate governance practices such as Bank of Credit and Commerce International (BCCI) 1991, Barings Bank 1995, Lehman Brothers 2008, Enron 2001, WorldCom 2001, etc. Therefore, the objective of this paper is to examine and ascertain whether present level of CG standards practiced by Islamic banks is adequate to prevent or safeguard the banks from collapsing. The approach of the study is to evaluate the effectiveness of board and the various board committees utilizing data published in financial statement of the selected banks. The methodology used in this paper is analytical descriptive to reach accurate results and as more appropriate approach with this research. The study finds out that the selected banks comply with CG standards adopted; however such compliance does not mean that the board, the board committees will be constantly reliable. Therefore, instilling the Islamic values such as the concepts of iḥsân, honesty, and accountability is paramount to prevent CG failures and protect/safeguard the banks from collapsing.
 
Publisher Universitas Darussalam Gontor
 
Contributor
 
Date 2016-05-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier https://ejournal.unida.gontor.ac.id/index.php/tsaqafah/article/view/366
10.21111/tsaqafah.v12i1.366
 
Source TSAQAFAH; Vol 12, No 1 (2016): Islamic Economics; 1-18
2460-0008
1411-0334
 
Language eng
 
Relation https://ejournal.unida.gontor.ac.id/index.php/tsaqafah/article/view/366/359
 
Rights Copyright (c) 2016 TSAQAFAH
 

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