Integration of shari’ah governance framework in human resource management practice in Malaysia

Abstract: The discussion on Shari`ah governance has gained significant attention and concerns in the Islamic finance industry. The Central Bank of Malaysia (BNM) introduced the Shari`ah Governance Framework for Islamic Financial Institutions (SGF) in 2010 for the purpose of promoting effective a...

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Main Authors:	Sahidon, Atirah, Hassan, Rusni, Abdullah, Shamsuddin, Salman, Syed Ahmed
Format:	Article
Language:	English
Published:	Blue Eyes Intelligence Engineering & Sciences Publication (BEIESP) 2019
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/1/77463%20-%20Integration%20of%20shari%E2%80%99ah%20governance%20framework%20in%20human%20resource%20management%20practice%20in%20Malaysia.pdf

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spelling	iium-774632020-02-21T01:54:20Z http://irep.iium.edu.my/77463/ Integration of shari’ah governance framework in human resource management practice in Malaysia Sahidon, Atirah Hassan, Rusni Abdullah, Shamsuddin Salman, Syed Ahmed HG3368 Islamic Banking and Finance Abstract: The discussion on Shari`ah governance has gained significant attention and concerns in the Islamic finance industry. The Central Bank of Malaysia (BNM) introduced the Shari`ah Governance Framework for Islamic Financial Institutions (SGF) in 2010 for the purpose of promoting effective and good Shari`ah governance practices of Islamic Financial Institutions. The IFIs are expected to integrate necessary elements of good Shari’ah governance structure and processes in order to sustain their business in this complex environment as well as to ensure effective implementation of SGF through effective Human Resources Management (HRM). Many studies have been done on the Shariah governance aspects, processes and its effectiveness but not on the impact of HRM in SGF implementation. Therefore, the present study examines the SGF from HRM perspective particularly on the integration between SGF and HRM. It approached the topic from the perspective of job design and description through a literature review and a survey of professionals from the Shari`ah Division and HR Division of different types of IFIs in Malaysia. The data were collected from the literature review and survey responses from 78 respondents from different IFIs. The study found seven HRM scopes highlighted in the framework and found that the respondents’ general understanding of SGF implementation and HRM practices was satisfactory. Remarkably, it is also found that theIFIs have effectively used their HRM practices from the job design and description perspective as a tool to manage their key Shari`ah governance organs. Several limitations and recommendations were also presented to further enhance SGF implementation from this perspective. Blue Eyes Intelligence Engineering & Sciences Publication (BEIESP) 2019-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/77463/1/77463%20-%20Integration%20of%20shari%E2%80%99ah%20governance%20framework%20in%20human%20resource%20management%20practice%20in%20Malaysia.pdf Sahidon, Atirah and Hassan, Rusni and Abdullah, Shamsuddin and Salman, Syed Ahmed (2019) Integration of shari’ah governance framework in human resource management practice in Malaysia. International Journal of Recent Technology and Engineering (IJRTE), 8 (3s3). pp. 197-205. ISSN 2277-3878 https://www.ijrte.org/wp-content/uploads/papers/v8i3s3/C10531183S319.pdf DOI: 10.35940/ijrte.C1053.1183S319
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Sahidon, Atirah Hassan, Rusni Abdullah, Shamsuddin Salman, Syed Ahmed Integration of shari’ah governance framework in human resource management practice in Malaysia
description	Abstract: The discussion on Shari`ah governance has gained significant attention and concerns in the Islamic finance industry. The Central Bank of Malaysia (BNM) introduced the Shari`ah Governance Framework for Islamic Financial Institutions (SGF) in 2010 for the purpose of promoting effective and good Shari`ah governance practices of Islamic Financial Institutions. The IFIs are expected to integrate necessary elements of good Shari’ah governance structure and processes in order to sustain their business in this complex environment as well as to ensure effective implementation of SGF through effective Human Resources Management (HRM). Many studies have been done on the Shariah governance aspects, processes and its effectiveness but not on the impact of HRM in SGF implementation. Therefore, the present study examines the SGF from HRM perspective particularly on the integration between SGF and HRM. It approached the topic from the perspective of job design and description through a literature review and a survey of professionals from the Shari`ah Division and HR Division of different types of IFIs in Malaysia. The data were collected from the literature review and survey responses from 78 respondents from different IFIs. The study found seven HRM scopes highlighted in the framework and found that the respondents’ general understanding of SGF implementation and HRM practices was satisfactory. Remarkably, it is also found that theIFIs have effectively used their HRM practices from the job design and description perspective as a tool to manage their key Shari`ah governance organs. Several limitations and recommendations were also presented to further enhance SGF implementation from this perspective.
format	Article
author	Sahidon, Atirah Hassan, Rusni Abdullah, Shamsuddin Salman, Syed Ahmed
author_facet	Sahidon, Atirah Hassan, Rusni Abdullah, Shamsuddin Salman, Syed Ahmed
author_sort	Sahidon, Atirah
title	Integration of shari’ah governance framework in human resource management practice in Malaysia
title_short	Integration of shari’ah governance framework in human resource management practice in Malaysia
title_full	Integration of shari’ah governance framework in human resource management practice in Malaysia
title_fullStr	Integration of shari’ah governance framework in human resource management practice in Malaysia
title_full_unstemmed	Integration of shari’ah governance framework in human resource management practice in Malaysia
title_sort	integration of shari’ah governance framework in human resource management practice in malaysia
publisher	Blue Eyes Intelligence Engineering & Sciences Publication (BEIESP)
publishDate	2019
url	http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/ http://irep.iium.edu.my/77463/1/77463%20-%20Integration%20of%20shari%E2%80%99ah%20governance%20framework%20in%20human%20resource%20management%20practice%20in%20Malaysia.pdf
first_indexed	2023-09-18T21:49:15Z
last_indexed	2023-09-18T21:49:15Z
_version_	1777413658165379072

Integration of shari’ah governance framework in human resource management practice in Malaysia

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