Integrating sustainability practices into islamic corporate governance for sustainable firm performance: from the lens of agency and stakeholder theories

Jan, Ahmad Ali; Lai, Fong–Woon; Draz, Muhammad Umar; Tahir, Muhammad; Ali, Syed Emad Azhar; Zahid, Muhammad; Shad, Muhammad Kashif

doi:10.1007/s11135-021-01261-0

Cited by 39 publications

(16 citation statements)

References 77 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The SA performs the developing, monitoring and evaluating the organization's compliance with the provisions and principles of Islamic Shariah and related controls (Khalid et al, 2017). Recently, the interest in SA has increased by researchers, as the literature focused on various aspects of SA, some of which dealt with the effectiveness of Shariah auditing (Khalid, 2020;Islam and Bhuiyan, 2021;Shafii et al, 2014a), and the other group discussed the relationship between governance and Shariah auditing (Jan et al, 2021;Sani and Abubakar, 2020;Darwanto and Chariri, 2019). Besides, other researchers linked the concept of SA with corporate disclosure (Ridwan and Mayapada, 2020;Mukhibad et al, 2020;El-Halaby and Hussainey, 2015).…”

Section: Overview Of Shariah Auditingmentioning

confidence: 99%

“…Furthermore, corporate governance ensures adherence to the company’s regulations, related regulatory requirements and best practices to achieve the company’s goals and strengthen the relationship with stakeholders. According to Jan et al (2021), the governance practices of Islamic institutions improve their performance. Also, the effectiveness of SA is an essential tool in strengthening the governance of Islamic institutions (Sani and Abubakar, 2020) by reducing the risk of non-compliance with the principles of Islamic Shariah applied by IFIs (Ahmad and Abdul-Rahman, 2020) and ensuring the highest levels of compliance.…”

Section: Overview Of Shariah Auditingmentioning

confidence: 99%

See 1 more Smart Citation

Shariah auditing: analyzing the past to prepare for the future

Khatib

Abdullah

Amosh

et al. 2022

JIABR

View full text Add to dashboard Cite

Purpose This study aims to present a detailed investigation of Shariah audit research based on a systematic literature review. Design/methodology/approach A total of 53 studies were collected from the Scopus and Web of Science databases following a systematic methodology. These studies were analyzed and evaluated based on the theoretical perspective, geographical distribution, research settings and themes background. Findings The findings indicate an increase in the literature on Shariah auditing over time, especially in the Malaysian context, with a dearth of research in other contexts and institutions (Takaful). It has been also revealed that the existing literature is still unclear about the effectiveness and consequences of effective Shariah auditing, pointing the need for more work on these areas. The authors outline opportunities for future Shariah auditing research. Originality/value The synthesized findings are helpful for policymakers and managers to understand better how research in Shariah auditing is developing and how to translate research findings into practice. To the best of the authors’ knowledge, this is the first research to comprehensively synthesize the literature on this topic and identify the potential opportunities for future research directions.

show abstract

Section: Overview Of Shariah Auditingmentioning

confidence: 99%

Section: Overview Of Shariah Auditingmentioning

confidence: 99%

Shariah auditing: analyzing the past to prepare for the future

Khatib

Abdullah

Amosh

et al. 2022

JIABR

View full text Add to dashboard Cite

show abstract

“…Governance is considered as one of the main sources that played a major role in the financial crisis . Therefore, the effective governance strategy is an essential factor in improving the performance of companies for the benefit of shareholders and stakeholders, in addition to reducing the agency costs related to companies and enabling them to continue and sustain their business (Jan et al, 2021). From this point of view, adopting an effective governance strategy in companies contributes significantly to providing financial and non-financial data and information to investors and strengthening their internal operations within what is planned (Ellili et al, 2022;Dang & Nguyen, 2021).…”

Section: Third: the Strategy Of Governancementioning

confidence: 99%

impact of ESG strategies integration on the operational and reputational risks

Al-Qaruty¹,

Alhorani²,

Dabbaghia³

et al. 2022

ijhs

View full text Add to dashboard Cite

This study aimed to demonstrate the impact of strategies integration of environmental, social and corporate governance strategies (ESG) on operational and reputational risks: a literature review for insurance companies listed on the Amman Stock Exchange. where the study population consisted of 22 Jordanian insurance companies, while the sample consisted of 8 companies, and one was excluded due to the lack of data, and based on the descriptive analytical approach, the study reviewed many previous studies related to its subject, and using the method of content analysis for annual reports and disclosures issued by Major insurance companies during the period 2020-2021, where a survey list was designed to measure the extent of the research companies' commitment to environmental, social and corporate governance strategies. The study concluded with many results, perhaps the most prominent of which is the presence of disclosure about social responsibility activities in the annual reports, and that all companies focused in their activities on providing donations and support to the local community and supporting education and health issues during the Covid pandemic period,,,

show abstract

“…The arrangement of sustainability workshops and programs in O&G industry mostly enhance the ecosystem, low carbon economy and living conditions in the region. Moreover, the ignorance of sustainability issues can be very damaging to society which may also result in environmental degradation as well as unexpected financial losses (Jan et al, 2021). Generally, it is widely accepted by regulators, consultants and corporate leaders that business success in the 21st century will be defined by more than just financial profit whereby strong expectations are developed for companies to strengthen their involvement in strong sustainability practices that covers three key areas, namely environment, social and governance (ESG).…”

Section: Literature Reviewmentioning

confidence: 99%

Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry

2021

Self Cite

View full text Add to dashboard Cite

Recently, there have been many reports of catastrophic accidents in the oil and gas (O&G) industry which led to huge financial losses and hazards to humans and the environment. Apart from the primary operational (technical) risks, there exist numerous non-technical risk factors such as workforce protection, climate change, ecosystem, biodiversity, health and safety, governing compliance, and other environmental, and social issues. These risks if left without intervention could affect the green growth and eco-friendly resilience of the O&G companies. Thus, this work offers a conceptual framework on how corporate sustainability practices along with risk management implementation are stimulating green growth in the O&G industry. The presented theoretical and conceptual framework underpinned by the stakeholder theory proposed in this paper provides a foundation for empirical validation of the intertwined relationship between the pertinent variables. The measurement of the variables such as corporate sustainability performance, enterprise risk management and green growth is proposed to be drawn from earlier research and developed frameworks and guidelines by prominent organizations. The significance of this paper is to lend guidance to Malaysian oil and gas players to embrace green growth through sustainability and risk management implementation.

show abstract

Integrating sustainability practices into islamic corporate governance for sustainable firm performance: from the lens of agency and stakeholder theories

Cited by 39 publications

References 77 publications

Shariah auditing: analyzing the past to prepare for the future

Shariah auditing: analyzing the past to prepare for the future

impact of ESG strategies integration on the operational and reputational risks

Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry

Contact Info

Product

Resources

About