The financial management practices of state mosques in Peninsular Malaysia

Scandals involving fraud and embezzlement of significant amounts of the financial resources of Western Church Institutions are increasingly becoming more common. Such scandals have raised concerns as to the ability of internal control systems within the organisations to restrict such occurrences. Al...

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Main Authors:	Siraj, Siti Alawiah, Mohamed_Ibrahim, Shahul Hameed, Sulaiman, Maliah
Format:	Article
Language:	English
Published:	Trisakti University 2007
Subjects:	HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/47852/ http://irep.iium.edu.my/47852/1/IMAAR__FM_of_state_mosques.pdf

id	iium-47852
recordtype	eprints
spelling	iium-478522016-03-17T02:44:43Z http://irep.iium.edu.my/47852/ The financial management practices of state mosques in Peninsular Malaysia Siraj, Siti Alawiah Mohamed_Ibrahim, Shahul Hameed Sulaiman, Maliah HF5601 Accounting. Bookkeeping Scandals involving fraud and embezzlement of significant amounts of the financial resources of Western Church Institutions are increasingly becoming more common. Such scandals have raised concerns as to the ability of internal control systems within the organisations to restrict such occurrences. Although no such scandals have been reported for Islamic organisations, to date (particularly mosques), tehre is concern as to whether these organizations experience the same deficiencies as the Wstern church institutions. As such, the study examines the existing financial management practices of state mosques in Peninsular Malaysia, particularly in the areas of budgeting, receipts of income, disbursement of funds and reporting. A questionnaire survey and face-to-face interviews were employed in collecting the data. The results of the study indicate the state mosques in Peninsular Malaysia have a strong internal control system pertaining to receipts of income and disbursement of funds. However, state mosques are still lacking in budgetary and reproting controls. the study also reveals that basic internal control activities such as segregation of duties, recording of financial transactions and authorization of particular activities are satisfactorily practiced within the state mosques. Although this is an explratory study, the results may provide a benchmark for further studies in the financial management practices of Islamic organizations in Malaysia. Trisakti University 2007-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47852/1/IMAAR__FM_of_state_mosques.pdf Siraj, Siti Alawiah and Mohamed_Ibrahim, Shahul Hameed and Sulaiman, Maliah (2007) The financial management practices of state mosques in Peninsular Malaysia. The Indonesian Management Accounting Research , 6 (2). pp. 65-86. ISSN 1411-8858
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5601 Accounting. Bookkeeping
spellingShingle	HF5601 Accounting. Bookkeeping Siraj, Siti Alawiah Mohamed_Ibrahim, Shahul Hameed Sulaiman, Maliah The financial management practices of state mosques in Peninsular Malaysia
description	Scandals involving fraud and embezzlement of significant amounts of the financial resources of Western Church Institutions are increasingly becoming more common. Such scandals have raised concerns as to the ability of internal control systems within the organisations to restrict such occurrences. Although no such scandals have been reported for Islamic organisations, to date (particularly mosques), tehre is concern as to whether these organizations experience the same deficiencies as the Wstern church institutions. As such, the study examines the existing financial management practices of state mosques in Peninsular Malaysia, particularly in the areas of budgeting, receipts of income, disbursement of funds and reporting. A questionnaire survey and face-to-face interviews were employed in collecting the data. The results of the study indicate the state mosques in Peninsular Malaysia have a strong internal control system pertaining to receipts of income and disbursement of funds. However, state mosques are still lacking in budgetary and reproting controls. the study also reveals that basic internal control activities such as segregation of duties, recording of financial transactions and authorization of particular activities are satisfactorily practiced within the state mosques. Although this is an explratory study, the results may provide a benchmark for further studies in the financial management practices of Islamic organizations in Malaysia.
format	Article
author	Siraj, Siti Alawiah Mohamed_Ibrahim, Shahul Hameed Sulaiman, Maliah
author_facet	Siraj, Siti Alawiah Mohamed_Ibrahim, Shahul Hameed Sulaiman, Maliah
author_sort	Siraj, Siti Alawiah
title	The financial management practices of state mosques in Peninsular Malaysia
title_short	The financial management practices of state mosques in Peninsular Malaysia
title_full	The financial management practices of state mosques in Peninsular Malaysia
title_fullStr	The financial management practices of state mosques in Peninsular Malaysia
title_full_unstemmed	The financial management practices of state mosques in Peninsular Malaysia
title_sort	financial management practices of state mosques in peninsular malaysia
publisher	Trisakti University
publishDate	2007
url	http://irep.iium.edu.my/47852/ http://irep.iium.edu.my/47852/1/IMAAR__FM_of_state_mosques.pdf
first_indexed	2023-09-18T21:08:03Z
last_indexed	2023-09-18T21:08:03Z
_version_	1777411065961775104

The financial management practices of state mosques in Peninsular Malaysia

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