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The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective

Under company law, a share is the interest of a shareholder in a company. By the same token, shares also reflect the interest of a shareholder in a mudharabah or musharakah contract under the Islamic laws. Presently, a company which has been registered under the Companies Act 1965 is often regarded...

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Main Authors: Muhammad Hafiz, Mohd Shukri, Bakri, Abdul Karim
Format: Article
Language:English
Published: International Journal of Liberal Arts and Social Science 2014
Subjects:
HB Economic Theory
Online Access:http://ir.unimas.my/id/eprint/5224/1/Muhammad%20Hafiz.pdf
http://ir.unimas.my/id/eprint/5224/
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spelling my.unimas.ir.52242022-01-26T06:22:37Z http://ir.unimas.my/id/eprint/5224/ The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective Muhammad Hafiz, Mohd Shukri Bakri, Abdul Karim HB Economic Theory Under company law, a share is the interest of a shareholder in a company. By the same token, shares also reflect the interest of a shareholder in a mudharabah or musharakah contract under the Islamic laws. Presently, a company which has been registered under the Companies Act 1965 is often regarded as a conventional company as opposed to a syariah-compliant company. Nevertheless, it is possible to harmonize the provision in the Companies Act 1965 with Syariah principles in relation to shareholding issues. This article focuses on the rights attached to ordinary shares and preference shares under the Companies Act 1965 and the compatibility of such rules with the Syariah principles. The concern is also to determine the legality of basic principles in relation to the distribution of dividend to shareholders in the light of Islamic perspective. International Journal of Liberal Arts and Social Science 2014 Article PeerReviewed text en http://ir.unimas.my/id/eprint/5224/1/Muhammad%20Hafiz.pdf Muhammad Hafiz, Mohd Shukri and Bakri, Abdul Karim (2014) The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective. International Journal of Liberal Arts and Social Science, 2 (6). ISSN 2307-924X
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Muhammad Hafiz, Mohd Shukri
Bakri, Abdul Karim
The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
description Under company law, a share is the interest of a shareholder in a company. By the same token, shares also reflect the interest of a shareholder in a mudharabah or musharakah contract under the Islamic laws. Presently, a company which has been registered under the Companies Act 1965 is often regarded as a conventional company as opposed to a syariah-compliant company. Nevertheless, it is possible to harmonize the provision in the Companies Act 1965 with Syariah principles in relation to shareholding issues. This article focuses on the rights attached to ordinary shares and preference shares under the Companies Act 1965 and the compatibility of such rules with the Syariah principles. The concern is also to determine the legality of basic principles in relation to the distribution of dividend to shareholders in the light of Islamic perspective.
format Article
author Muhammad Hafiz, Mohd Shukri
Bakri, Abdul Karim
author_facet Muhammad Hafiz, Mohd Shukri
Bakri, Abdul Karim
author_sort Muhammad Hafiz, Mohd Shukri
title The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
title_short The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
title_full The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
title_fullStr The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
title_full_unstemmed The general theory of shares and distribution Of dividend in a company under the companies Act 1965: with special reference to its legality Under the islamic perspective
title_sort general theory of shares and distribution of dividend in a company under the companies act 1965: with special reference to its legality under the islamic perspective
publisher International Journal of Liberal Arts and Social Science
publishDate 2014
url http://ir.unimas.my/id/eprint/5224/1/Muhammad%20Hafiz.pdf
http://ir.unimas.my/id/eprint/5224/
_version_ 1724078440970190848
score 13.222552

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