A Shari'ah-Compliant Framework for Value Creation: A Case Study of the State Islamic Religious Council

• 出版年: ASIA-PACIFIC MANAGEMENT ACCOUNTING JOURNAL
• 主要な著者: Wahib, Norhayati; Rosle, Nadiatul Akma; Malik, Hidayahtul Khusna Abdul; Nadzri, Farah Aida Ahmad; Yusuf, Sharifah Norzehan Syed
• フォーマット: 論文
• 言語: English
• 出版事項: ASIA-PACIFIC MANAGEMENT ACCOUNTING ASSOC 2024
• 主題: Business & Economics
• オンライン･アクセス: https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001400255500014

This study developed a Shari'ah-compliant framework for evaluating and reporting value creation within the State Islamic Religious Council (SIRC) in Malaysia. The framework integrated conventional metrics with Islamic ethical principles, addressing the unique needs of Islamic organizations such as the SIRC. Employing qualitative research, including document analysis and in-depth interviews with key stakeholders, the study identified gaps in current practices, such as limited Shari'ah integration and lack of standardized guidelines. The proposed framework emphasizes a holistic approach to value creation, encompassing financial, social, and environmental dimensions aligned with the Maqasid al-Shari'ah. It includes a robust Shari'ah governance structure, enhanced stakeholder engagement, and transparent reporting mechanisms. By incorporating these elements, the framework aims to improve the transparency, accountability, and alignment with Islamic values of SIRC, thereby enhancing its effectiveness in serving the Muslim community in Malaysia. The findings contribute to the broader discourse on Islamic governance, offering practical recommendations for Islamic organizations.