A Case Study of Internal Control Practices in Islamic Non-Profit Organisations in Malaysia

Kamaruddin, Muhammad Iqmal Hisham; Ramli, Nathasa Mazna

doi:10.17576/ajag-2017-08-02

Cited by 25 publications

(32 citation statements)

References 19 publications

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“…Though managing is necessary for characters other than data availability, this suggests that surveillance on nadzhir is less useful. The results of the research are aligned with the supervisory conditions of the waqf institution in Malaysia, which has a weakness in the controlling of the received asset and utilization of Waqf [45].…”

Section: Resultsmentioning

confidence: 52%

Management of Waqf Assets at Waqf Institutions in Indonesia

Senjiati¹,

Malik²,

Ridwan³

et al. 2020

Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)

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Waqf is one of the financial instruments in Islamic economics used in the time of the Prophet. The waqf assets currently managed still revolve around land assets, mosques, madrasah or Islamic boarding schools and funerals. The implementation of most waqf institutions does not have good waqf asset management, causing manipulation of waqf asset availability or loss of waqf assets. Therefore, research problem formulation 1) how is the condition of asset management waqf at the waqf institution in Indonesia? And 2) How is the model of waqf asset management in the waqf institution in Indonesia? The contribution of this research is to offer the performance of waqf asset management at the waqf institution in Indonesia. The result of this study is the condition of waqf asset managementhas not yet fulfilled all stages, such as the making of a waqf pledge deed at the planning stage. And financial reporting at the evaluation and monitoring stage. And Nadzir has yet to meet the asset management model of waqf wealth protection.

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Section: Resultsmentioning

confidence: 52%

Management of Waqf Assets at Waqf Institutions in Indonesia

Senjiati¹,

Malik²,

Ridwan³

et al. 2020

Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)

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“…For instance, scholars are agreed that financial disclosure becomes the main financial management tool to enhance the accountability of an organisation (Leen, 2006). This is because the primary goal of financial disclosure is to achieve accountability while only good financial disclosure practices can discharge accountability (Kamaruddin and Ramli, 2018;Zainon et al, 2014a). Similarly, proper internal control will ensure ISEs to use their financial resources in best practices and offers their ISE stakeholders assurances and confidence in term of accountability aspect (Sulaiman et al, 2008).…”

Section: Sej 173mentioning

confidence: 99%

The mediating role of financial governance on the relationship between financial management, Islamic work ethic and accountability in Islamic social enterprise (ISE)

Kamaruddin

Auzair

Rahmat

et al. 2021

SEJ

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Purpose The purpose of this study is to examine the role of financial governance practices in influencing both financial management and Islamic work ethic practices to affect Islamic social enterprises (ISEs) accountability. Design/methodology/approach Questionnaires were administered to financial officers of 102 Malaysian ISEs. Data was analysed using Smart-PLS to examine the relationships between financial management, Islamic work ethic, financial governance and accountability. Findings Results of this study indicate direct relationship only exist between Islamic work ethic and accountability. The relationship between financial management and accountability are indirect through financial governance. Hence, the data proves that financial governance has a mediating role on both the relationships between financial management and Islamic work ethic with the accountability of the ISEs. Research limitations/implications The study has highlighted the greater role of financial management, Islamic work ethic and financial governance practices over accountability to achieve public trust, especially for Malaysian ISEs. Practical implications ISEs need to have good financial governance practices besides financial management and Islamic work ethic practices to achieve good accountability. Originality/value The study contributes to the field of management and social accounting by providing empirical evidence on the ISEs practices specifically on financial management, Islamic work ethic, financial governance and accountability. This framework thus presents amongst the first attempts in studying accountability issues in ISEs.

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“…Non-profit organization is organization that has not related to politics but their role is felt to be no exception in the political world [6]. Islamic non-profit organization is an integral part of the development of Islam, because Islamic non-profit organization has a very important role for the development of Islamic da'wah, especially in Indonesia.…”

Section: Islamic Non-profit Oriented Organizationmentioning

confidence: 99%

The Identification Characteristic about Charismatic Leadership on Islamic Non-Profit Oriented Organization in Indonesia

Trisliatanto¹,

Suryanto²

2019

Proceedings of the Proceedings of the 1st International Conference on Business, Law and Pedagogy, ICBLP 2019, 13-15 February 20

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One of the roles of Ulama' as an Islamic figured that was noteworthy had their position as an educated group that brought enlightenment to the surrounding community. Under the leadership of those who had a great deal of attention to social problems helped the government in raising the level of education and welfare of the people through educational institutions, orphanages and other social activities. The aim was to identifying the characteristics of charismatic leadership on Islamic non-profit oriented organization in Indonesia. The approach used in this study was a conceptual approach and literature study methods. The result was the charismatic leadership trait owned by people who became religious leaders. Kyai and Ulama' had a strong influence in organizing and mobilizing the masses in Islamic non-profit oriented organizations, even members of the organization were willing to accept all things given both knowledge, insight, opinions, problems and even risks.

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A Case Study of Internal Control Practices in Islamic Non-Profit Organisations in Malaysia

Abstract: This paper presents the current internal control practices of Islamic non-profit organizations in

Cited by 25 publications

References 19 publications

Management of Waqf Assets at Waqf Institutions in Indonesia

Management of Waqf Assets at Waqf Institutions in Indonesia

The mediating role of financial governance on the relationship between financial management, Islamic work ethic and accountability in Islamic social enterprise (ISE)

The Identification Characteristic about Charismatic Leadership on Islamic Non-Profit Oriented Organization in Indonesia

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