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Institutionalisation of Shariah Governance Practices: Loosely Coupling as a Catalyst to Evolutionary Change

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  • Salina Binti Salleh

    (Faculty of Accountancy, Universiti Teknologi MARA, Malaysia)

  • Norhayati Mohd Alwi

    (Associate Professor, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia; Malaysia)

  • Noraini Mohd Ariffin

    (Professor, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia; Malaysia)

Abstract

This study examines the institutionalisation of Shariah governance practices within Islamic financial institutions (IFIs), focusing on EMERALD an Islamic bank in Malaysia. Anchored in institutional theory and the processual framework of Burns and Scapens (2000), the study analyses how Bank Negara Malaysia (BNM) regulatory, Shariah principle and institutional demands converge within a complex institutional setting. Empirical data were collected through nine in-depth interviews, extensive document analysis, and NVivo-assisted thematic interpretation. This study investigates EMERALD’s response to BNM’s Shariah Governance Policy Document (SGPD) 2019.

Suggested Citation

  • Salina Binti Salleh & Norhayati Mohd Alwi & Noraini Mohd Ariffin, 2025. "Institutionalisation of Shariah Governance Practices: Loosely Coupling as a Catalyst to Evolutionary Change," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(6), pages 5819-5829, June.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-6:p:5819-5829
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    References listed on IDEAS

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    2. Tarek S. Zaher & M. Kabir Hassan, 2001. "A Comparative Literature Survey of Islamic Finance and Banking," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 10(4), pages 155-199, November.
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