Assessing the islamic governance issue: A case study of islamic-REITs in Malaysia

Zainuddin, Z. and Nordin, N. and Nordin, S. and Boyd, D. (2015) Assessing the islamic governance issue: A case study of islamic-REITs in Malaysia. In: Proceedings of the 25th International Business Information Management Association Conference - Innovation Vision 2020: From Regional Development Sustainability to Global Economic Growth, IBIMA 2015.

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Abstract

This study analyzes the implementation of Islamic governance within the context of Islamic Real Estate Investment Trust (I-REITs) in Malaysia. It draws on five standard governance framework of independence, confidentiality, competence, consistency and disclosure. Data from Islamic REIT's companies annual reports and interviews from relevant authorities were used to investigate the role of Shari'ah Advisory Board. Results suggested that information such as Shari'ah Advisory Board/Committee members and qualifications are not properly disclosed. In addition, the element of Islamic auditing or reporting are still vague. These factors are significantly important as it shows the importance role of good governance in ensuring the faith of investors is not being compromised and the Islamic REITs is Shari'ah compliant. It can be concluded that more works need to be put in producing a good Islamic governance framework for Islamic REITs.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Islamic governance, Islamic real estate investment trust, Shari'a, Information management, Investments, Regional planning, Sustainable development, Advisory boards, Annual reports, Good governances, Islamic governance, Malaysia, Real estate investment trusts, Economics
Subjects: K900 Others in Architecture, Building and Planning
Divisions: UoA Collections > UoA16: Architecture, Built Environment and Planning
Faculty of Computing, Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment > Integrated Design Construction
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment > Resilient Environments
Depositing User: Yasser Nawaz
Date Deposited: 18 Jul 2016 09:33
Last Modified: 18 Jul 2016 09:33
URI: http://www.open-access.bcu.ac.uk/id/eprint/1773

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