The determinants and treatments of shariah non- compliant events in Malaysian Islamic banks
This article delineates the concept of Shariʻāh non-compliant events (SNEs) in Malaysian Islamic Banks, its determinants and treatments fromthe Islamic perspective based onMuslim scholars' discussion. This research is qualitative, and it utilises textual analysis technique in analysing the d...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2023
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/118950/7/118950_The%20Determinants%20and%20Treatments.pdf http://irep.iium.edu.my/118950/ https://hrmars.com/index.php/journals/journaldetail/IJARBSS |
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| Summary: | This article delineates the concept of Shariʻāh non-compliant events (SNEs) in Malaysian
Islamic Banks, its determinants and treatments fromthe Islamic perspective based onMuslim
scholars' discussion. This research is qualitative, and it utilises textual analysis technique in
analysing the data. Its findings argue that SNEs occur in almost all Malaysian Islamic Banks
due to factors like human errors and pressing needs. Furthermore, the research reveals that
the treatment undertaken by the banks is rectification and re-execution but different from
one Islamic bank to another. This article argues that the existing approach to SNEs could be
improved, enriched and possibly standardised. |
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