Mansour, Walid and Bhatti, M. Ishaq,(2018), The new paradigm of Islamic corporate governance. , Managerial Finance, UNSPECIFIED
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Abstract
Purpose – The purpose of this paper is to examine the new paradigm of Islamic corporate governance (ICG)
in an emerging area of Islamic finance.
Design/methodology/approach – The paper adopts an analytical approach to investigate the new executive
and managerial roles that ICG is expected to play in the process of corporate financial decision making.
Findings – The authors argue that ICG is no longer expected to play the traditional supervisory and regulatory
role within Islamic financial institutions. Indeed, the acuteness of competition, the observed failures of the
Islamic finance industry, the unprecedented challenges, and the required ethical considerations levy as a new
approach that improve the growth of the Islamic finance industry sustain its survival in the global financial
world, and enhance the welfare of 25 percent of the world population who survived beyond all level of poverties.
Originality/value – The authors claim that ICG must be endowed with a multi-faceted, new paradigm for the
purpose of improving the stakeholders’ interests and reaching the best business practices of the Islamic finance
industry to cater investors’ need and the social well-being of the homeless and disadvantaged communities.
Keywords : | Corporate governance, Ethics, Products development, Shari’ah, UNSPECIFIED |
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Journal or Publication Title: | Managerial Finance |
Volume: | 44 |
Number: | 5 |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Users 15 not found. |
Date Deposited: | 27 Dec 2019 04:39 |
Last Modified: | 27 Dec 2019 04:39 |
URI: | https://repofeb.undip.ac.id/id/eprint/1037 |