The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
The study proposes and discusses the development of an index of Islamic Financial and Social Reporting (IFSR) for Islamic banks. The index of IFSR is carefully developed based on the relevant and applicable standards, guidelines and literature from an Islamic perspective such as the Malaysian Acc...
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| 格式: | Article |
| 语言: | English English |
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Virtus Interpress
2016
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| 在线阅读: | http://irep.iium.edu.my/49638/ http://irep.iium.edu.my/49638/ http://irep.iium.edu.my/49638/1/Risk%2C_governance_and_control_%28Volume_6_Issue_1_Winter_2016%29.pdf http://irep.iium.edu.my/49638/4/49638_the_formulation_of_financiall_scopus.pdf |
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| 总结: | The study proposes and discusses the development of an index of Islamic Financial and Social
Reporting (IFSR) for Islamic banks. The index of IFSR is carefully developed based on the
relevant and applicable standards, guidelines and literature from an Islamic perspective such as
the Malaysian Accounting Standards Board (MASB), Accounting and Auditing Organisation for
Islamic Financial Institutions (AAOIFI), Islamic Financial Services Board (IFSB), Bank Negara
Malaysia (BNM) and Islamic social reporting literature. The index is developed in three parts,
namely, financial, social, and auditing and governance. The items within the finance section are
developed to ensure that the Islamic banks disclose relevant financial information. The items for
the social part aim to ensure that the Islamic banks provide the relevant information regarding
social and environment. The items within the auditing and governance part are developed to
ensure that the Islamic banks provide relevant information regarding the monitoring and
supervising activities that the Islamic banks have undertaken. The IFSR index may be lacking in
terms of its usage generalisability as it is specifically developed for IFIs. The developed index of
IFSR aims to promote a more appropriate level of disclosure among the Islamic banks. The need
for the index is motivated by the growing importance of Islamic banks, not only from the
economic perspective but also from the social perspective.
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