Islamic banks’ Sharia compliance disclosure: an international evidence

Benamraoui, Abdelhafid; Moussa, Tantawy; Hussien Alsohagy, Mostafa

doi:10.1108/arj-07-2022-0157

Cited by 3 publications

(1 citation statement)

References 63 publications

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“…This research reveals that the influence of the size of SSB is not optimal in supporting one of the stakeholders, namely company management. Based on a CG perspective, SSB is a function in the governance of Islamic banks and organizations that has Sharia knowledge as well as contemporary Islamic finance information so that it can provide recommendations for the management in producing decisions based on Islamic values without violating Sharia principles, which are an essential characteristic of Islamic banks (Benamraoui et al, 2023;Muhammad, Mangawing, & Salsabilla, 2021).…”

Section: Supervisory Sharia Board Supervisory Sharia Board Meetings A...mentioning

confidence: 99%

Corporate governance and Islamic social reporting: Indonesia Islamic banking development roadmap era

Dosinta,

Yunita

2024

JCA

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This research examines the corporate governance effect on Islamic Social Reporting (ISR). This research was conducted in 2015-2022, used the ISR codification, collected from the annual reports of ten Indonesian Islamic banks, and applied the Stakeholder Theory approach which has never been done previously. The research results show that Board of Commissioners’ meetings, Audit Committee meetings, and Sharia Supervisory Board meetings significantly and positively affect ISR. These findings imply that supervision through the meetings of the Board of Commissioners, Audit Committees, and Sharia Supervisory Board plays a role in detecting ISR. Corporate governance in Islamic banks continuously seeks to maintain sustainability in Islamic banks, including the support for stakeholders. ISR is a form of Islamic bank accountability to show that Islamic banks always prioritize their stakeholders, including the support for the Indonesia Islamic banking development roadmap prepared by the Financial Services Authority.

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Section: Supervisory Sharia Board Supervisory Sharia Board Meetings A...mentioning

confidence: 99%

Corporate governance and Islamic social reporting: Indonesia Islamic banking development roadmap era

Dosinta,

Yunita

2024

JCA

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Examining the relationship between CEO power and modern slavery disclosures: The moderating role of board gender diversity in UK companies

Allam,

Moussa,

Elmarzouky

2024

Bus Strat Env

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Drawing on agency and gender socialisation theories, this study examines the effect of Chief Executive Officer (CEO) power on corporate modern slavery disclosures (MSD) and investigates whether board gender diversity might influence this relationship. Based on a sample comprising the Financial Times Stock Exchange (FTSE) 100 companies from 2016 to 2020, the findings indicate that, although there has been progress in corporate transparency concerning modern slavery, a significant gap persists in the reporting on the measurement and monitoring of the effectiveness of their policies. This may stem from powerful CEOs' desires to maintain a positive corporate image, leading to minimal disclosure of potentially damaging information. The fixed effects panel regression analysis reveals a negative relationship between CEO power (CEOP) and the extent of modern slavery disclosures (MSD), with a significant moderating effect observed when female board representation is substantial. This evidence suggests that female board members may challenge groupthink and introduce diverse perspectives that can alter the board's dynamics, potentially mitigating the negative impact of CEOP on issues like modern slavery disclosure by encouraging more ethical and collective decision‐making. This research underscores the need for greater transparency and accountability in addressing modern slavery and promoting more responsible business practices.

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Shariah-related disclosure: a literature review and directions for future research

Abdulrahman,

Ebrahimi,

Al-Najjar

2023

Int J Discl Gov

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A substantial scholarly discourse surrounds Shariah legislation, yet previous studies have offered limited evidence regarding the necessity of Shariah-related disclosure (SRD), its extent, determining factors, and its impact on performance. This paper seeks to provide a comprehensive review of existing SRD literature within Islamic institutions. To achieve this, we conducted a systematic literature review encompassing 44 studies published in journals from 2003 to 2023. The research articles were systematically categorized based on types of SRD, levels, methodologies employed, determining factors, and their consequent effects on performance. The findings underscore a significant knowledge gap and inconclusive results in the current literature, thereby identifying avenues for future research. Notably, our results indicate that the majority of prior studies are quantitative in nature and have employed secondary data from Islamic banks in Muslim countries. Likewise, research pertaining to other Islamic institutions and their voluntary adherence to Accounting and Auditing Organization for Islamic Financial Institutions guidelines is underreported. Furthermore, our findings suggest that previous studies have often placed undue emphasis on other forms of disclosure or have only considered SRD as a subset of broader categories. Contrarily, the number of studies on this subject has increased in recent years, with more than half of the surveys conducted in the last 8 years of the sample period. In forthcoming research, it is advisable to independently explore SRD and employ Islamic proxies to assess its impact on performance. Moreover, researchers are encouraged to investigate cross-industry differences in this context. The results of this survey will be of significant interest to both academics and non-academics seeking information on Shariah compliance disclosures.

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Islamic banks’ Sharia compliance disclosure: an international evidence

Cited by 3 publications

References 63 publications

Corporate governance and Islamic social reporting: Indonesia Islamic banking development roadmap era

Corporate governance and Islamic social reporting: Indonesia Islamic banking development roadmap era

Examining the relationship between CEO power and modern slavery disclosures: The moderating role of board gender diversity in UK companies

Shariah-related disclosure: a literature review and directions for future research

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