Asia-Pacific Management Accounting Journal - 2024 : A Shari’ah-Compliant Framework for Value Creation: A Case Study of the State Islamic Religious Council

Norhayati, Wahib and Nadiatul Akma, Rosle and Hidayahtul Khusna, Abdul Malik (2024) Asia-Pacific Management Accounting Journal - 2024 : A Shari’ah-Compliant Framework for Value Creation: A Case Study of the State Islamic Religious Council. Asia-Pacific Management Accounting Journal, 19 (2). pp. 269-286. ISSN 1675-3194

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Abstract

This study developed a Shari’ah-compliant framework for evaluating and reporting value creation within the State Islamic Religious Council (SIRC) in Malaysia. The framework integrated conventional metrics with Islamic ethical principles, addressing the unique needs of Islamic organizations such as the SIRC. Employing qualitative research, including document analysis and in-depth interviews with key stakeholders, the study identified gaps in current practices, such as limited Shari’ah integration and lack of standardized guidelines. The proposed framework emphasizes a holistic approach to value creation, encompassing financial, social, and environmental dimensions aligned with the Maqasid al-Shari’ah. It includes a robust Shari’ah governance structure, enhanced stakeholder engagement, and transparent reporting mechanisms. By incorporating these elements, the framework aims to improve the transparency, accountability, and alignment with Islamic values of SIRC, thereby enhancing its effectiveness in serving the Muslim community in Malaysia. The findings contribute to the broader discourse on Islamic governance, offering practical recommendations for Islamic organizations.

Item Type:	Article
Uncontrolled Keywords:	Shari’ah compliant, value creation, Islamic governance, State Islamic Religious Council
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	LIBRARY1 UPTM
Date Deposited:	30 Jun 2025 03:41
Last Modified:	30 Jun 2025 03:41
URI:	http://eprints.kuptm.edu.my/id/eprint/4720

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