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

Author

Listed:
  • Shafii, Zurina

    (Universiti Sains Islam Malaysia)

  • Obaidullah, Mohamed

    (The Islamic Research and Teaching Institute (IRTI))

  • Samad, Rose Ruziana

    (Universiti Sains Islam Malaysia)

  • Yunanda, Rochania Ayu

    (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

  • Shafii, Zurina & Obaidullah, Mohamed & Samad, Rose Ruziana & Yunanda, Rochania Ayu, 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
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    References listed on IDEAS

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    3. Shaikh Mohammad Ghazanfar, 2011. "Economic Thought Of Al-Ghazali (450-505 A.H./1058-1111 C.E.) الفكر الاقتصادى للغزالي (450-505 هـ / 1058-1111 م.)," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 120, July.
    4. Ahmed, Habib & Chapra, Mohammad Umar, 2002. "Corporate Governance in Islamic Financial Institution (Occasional Paper)," Occasional Papers 93, The Islamic Research and Teaching Institute (IRTI).
    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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