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Development of Effective Internal Shariah Audit Framework using Islamic Agency Theory

Author

Listed:
  • Azam Abdelhakeem Khalid
  • Mohd Yahya Mohd Hussin
  • Adel Sarea
  • Ahmad Zakirullah bin Mohamed Shaarani

Abstract

The objective of this paper is to analyze the development of an effective internal Shariah audit framework for Islamic banks in Bahrain using Islamic agency theory. The questionnaire method and Islamic agency theory were used to examine the independence and effectiveness of internal Shariah audits. The insights from the study are gained through the Islamic agency theory, which has a direct relationship with the degrees of independence and effectiveness. The findings indicate that a well-founded Islamic agency theory could potentially be used as the theoretical foundation in building a conceptual, multifaceted framework. This research fills a gap in terms of the level of development for an effective internal Shariah audit framework in Islamic banks using Islamic agency theory.

Suggested Citation

  • Azam Abdelhakeem Khalid & Mohd Yahya Mohd Hussin & Adel Sarea & Ahmad Zakirullah bin Mohamed Shaarani, 2021. "Development of Effective Internal Shariah Audit Framework using Islamic Agency Theory," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(8), pages 682-692.
    • Handle: RePEc:asi:aeafrj:v:11:y:2021:i:8:p:682-692:id:2123
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    Cited by:

    1. AlKhawaldeh Afaf Mohammed & Saaydah Mansour Ibrahim, 2022. "Determinants of Corporate Risk Disclosure for Non- Financial Companies Listed on Amman Stock Exchange," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 152-177.

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