Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh

This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah...

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Main Author:	Lateh, Najahuddin
Format:	Conference or Workshop Item
Language:	English
Published:	2017
Subjects:	The practice of Islam Study and teaching. Research
Online Access:	http://ir.uitm.edu.my/id/eprint/20209/ http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf

id	uitm-20209
recordtype	eprints
spelling	uitm-202092019-03-11T04:18:59Z http://ir.uitm.edu.my/id/eprint/20209/ Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh Lateh, Najahuddin The practice of Islam Study and teaching. Research This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future. 2017 Conference or Workshop Item PeerReviewed text en http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf Lateh, Najahuddin (2017) Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh. In: 2nd International Islamic Heritage Conference (ISHEC 2017), 14-15 November 2017, Avillion Hotel Melaka.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	The practice of Islam Study and teaching. Research
spellingShingle	The practice of Islam Study and teaching. Research Lateh, Najahuddin Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
description	This paper is aims to discuss the Shariah risk based thinking aspects of Shariah compliant business entity within Malaysian Standard, Shariah Based Quality Management QMS1900:2015 (later on known as the ‘Standard’. It initially shares and examines one of Shariah Audit findings classified as Shariah non-conformity (SNCR-01) which is ‘Absence of Shariah based business models’ in the company dealing with its stakeholders internally and externally. Secondly, it will examine the status of SNCR-01 as one of Shariah risk profile method. The researchers found that the standard does not elaborate explicitly on the risk profiling in certain. It depends on the individual qualified Shariah advisor or officer to do so. Without it, the issue will remain unsolved. Due to the given facts and the mentioned method, the researchers propose that the any organisation (to be precise, the company) shall establish a Shariah based business models as an effort for risk profiling as a tool to mitigate the risk and subsequently establish a proper and sound corrective actions in its rectification plan in the event SNCR occurs in the future.
format	Conference or Workshop Item
author	Lateh, Najahuddin
author_facet	Lateh, Najahuddin
author_sort	Lateh, Najahuddin
title	Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_short	Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_full	Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_fullStr	Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_full_unstemmed	Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh
title_sort	shariah risk profiling through shariah based business modeling: a rectification plan for shariah audit finding (sncr-01) for company xyz / mohd helmi ahmad and najahuddin lateh
publishDate	2017
url	http://ir.uitm.edu.my/id/eprint/20209/ http://ir.uitm.edu.my/id/eprint/20209/2/PRO_MOHD%20HELMI%20AHMAD%20M%2017.pdf
first_indexed	2023-09-18T23:04:09Z
last_indexed	2023-09-18T23:04:09Z
_version_	1777418370674589696

Shariah risk profiling through shariah based business modeling: A rectification plan for shariah audit finding (SNCR-01) for company xyz / Mohd Helmi Ahmad and Najahuddin Lateh

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