Development of effective Internal shariah audit framework using Islamic agency theory

Khalid, Azam Abdelhakeem

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Type :	article
Subject :	HB Economic Theory
ISSN :	2305-2147
Main Author :	Khalid, Azam Abdelhakeem
Additional Authors :	Mohd Yahya Mohd Hussin Shaarani, Ahmad Zakirullah Mohamed
Title :	Development of effective Internal shariah audit framework using Islamic agency theory

Place of Production :	Tanjung Malim
Publisher :	Fakulti Pengurusan dan Ekonomi
Year of Publication :	2021
Notes :	Asian Economic and Financial Review
Corporate Name :	Universiti Pendidikan Sultan Idris
HTTP Link :	Click to view web link

Abstract : Universiti Pendidikan Sultan Idris

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. ? 2021 AESS Publications.

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