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Developing a Model for Corporate Governance and Conflict of Interest Deterrence in Shari’ahbased Cooperatives

Author

Listed:
  • Zurina Shafii

    (Universiti Sains Islam Malaysia)

  • Mohamed Obaidullah

    (The Islamic Research and Teaching Institute (IRTI))

  • Rose Ruziana Samad

    (Universiti Sains Islam Malaysia)

  • Rochania Ayu Yunanda

    (Universiti Sains Islam Malaysia)

Abstract

Different from a conventional cooperative, a Shari’ah-based cooperative observes Shari’ah principles. As these cooperatives offers Islamic financial products and involves in Shari’ah compliant investment, they are bound to observe Shari’ah governance structure, transparency, disclosure of information and strict compliance with Shari’ah principles. Compliance with the Shari’ah principles will strengthen public confidence in the credibility of the system of the Islamic Muamalat particularly in the cooperative movement. Due to the infancy of Shari’ahbased cooperative industry that needs for proper governance measures, this paper aims to discuss corporate governance in Shari’ah-based cooperatives in the attempt to propose a model for resolving stakeholders’ conflicts of interest

Suggested Citation

  • Zurina Shafii & Mohamed Obaidullah & Rose Ruziana Samad & Rochania Ayu Yunanda, 2017. "Developing a Model for Corporate Governance and Conflict of Interest Deterrence in Shari’ahbased Cooperatives," Policy Papers 2017-3, The Islamic Research and Teaching Institute (IRTI).
    • Handle: RePEc:ris:irtipp:2017_003
    as

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    References listed on IDEAS

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    3. Habib Ahmed & Mohammad Umar Chapra, 2002. "Corporate Governance in Islamic Financial Institution (Occasional Paper)," Occasional Papers 93, The Islamic Research and Teaching Institute (IRTI).
    4. Fouad H. Beseiso, 2014. "Central Banks’ Role in Shaping the Future of Islamic Banking," Contemporary Studies in Economic and Financial Analysis, in: The Developing Role of Islamic Banking and Finance: From Local to Global Perspectives, volume 95, pages 3-30, Emerald Group Publishing Limited.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Microfinance; Cooperatives; Shari’ah; Corporate Governance;
    All these keywords.

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