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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Main Authors:	Marsidi, Asri, Annuar, Hairul Azlan, Abdul Rahman, Abdul Rahim
Format:	Article
Language:	English English
Published:	Virtus Interpress 2016
Subjects:	HF5601 Accounting. Bookkeeping
Online Access:	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

id	iium-49638
recordtype	eprints
spelling	iium-496382018-05-24T03:37:18Z http://irep.iium.edu.my/49638/ The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach Marsidi, Asri Annuar, Hairul Azlan Abdul Rahman, Abdul Rahim HF5601 Accounting. Bookkeeping 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. Virtus Interpress 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/49638/1/Risk%2C_governance_and_control_%28Volume_6_Issue_1_Winter_2016%29.pdf application/pdf en http://irep.iium.edu.my/49638/4/49638_the_formulation_of_financiall_scopus.pdf Marsidi, Asri and Annuar, Hairul Azlan and Abdul Rahman, Abdul Rahim (2016) The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach. Risk governance & Control: Financial Markets & Institutions, 6 (1). pp. 64-70. ISSN 2077-4303 http://www.virtusinterpress.org/THE-FORMULATION-OF-FINANCIAL.html
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF5601 Accounting. Bookkeeping
spellingShingle	HF5601 Accounting. Bookkeeping Marsidi, Asri Annuar, Hairul Azlan Abdul Rahman, Abdul Rahim The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
description	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.
format	Article
author	Marsidi, Asri Annuar, Hairul Azlan Abdul Rahman, Abdul Rahim
author_facet	Marsidi, Asri Annuar, Hairul Azlan Abdul Rahman, Abdul Rahim
author_sort	Marsidi, Asri
title	The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
title_short	The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
title_full	The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
title_fullStr	The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
title_full_unstemmed	The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach
title_sort	formulation of financial, governance and social index of malaysian islamic banks: an integrative approach
publisher	Virtus Interpress
publishDate	2016
url	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
first_indexed	2023-09-18T21:10:09Z
last_indexed	2023-09-18T21:10:09Z
_version_	1777411198810062848

The formulation of financial, governance and social index of Malaysian Islamic Banks: an integrative approach

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