Strengthening the Governance of Islamic Banks

Although the Islamic finance industry is growing at a rapid rate, researchers have highlighted areas of governance that must be reformed. In 2007, the market price of Islamic- compliant bonds – or sukuk – fell sharply after Taqi Usmani of the Accounting and Auditing Organization for Islamic Finance Institutions, a regulatory body in Bahrain, said that 85% of the bonds were not compliant with Islam’s sharia laws, highlighting growing concerns over the governance of Islamic finance. A decade later, the industry is growing at a rapid rate and its products and services are widely offered across the world. According to the Malaysia International Islamic Financial Centre, the industry had assets of US$2.1 trillion
 

 

 


Adalah dimaklumkan bahawa Kementerian Pendidikan Tinggi Malaysia (KPTM) telah melaksanakan Public-Private Research Network bagi mewujudkan ‘knowledge-friendly ecosystem’ di Malaysia. Dalam workshop ini, pihak industri yang merupakan pengguna pengetahuan dihubungkan dengan pengeluar pengetahuan iaitu institusi pengajian tinggi (IPT) dan institusi penyelidikan (RI) bagi meningkatkan lagi daya produktiviti negara melalui aktiviti inovasi dan penyelidikan gunaan.