The main intention of this paper is to examine the impact on firm
Contribution/ OriginalityThis study contributes in the existing literature on the share-based compensation as an important component in the directors' compensation package and how it can boost the performance of the firms. Besides, this study contributes in the existing Islamic perspective literature by taking into consideration the implication of Shariah-compliance status.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.