Purpose

This study aims to empirically investigate the impact of the Sharīʿah Governance Framework (SGF) on improving Sharīʿah governance practices in Islamic banks in Malaysia and in addressing its related issues.

Design/methodology/approach

Data collection was carried out using a comprehensive questionnaire survey, which was developed primarily based on SGF-2010 and arguments in the literature. The sample for this study includes key functionaries in Sharīʿah governance including senior managers, Sharīʿah committee (SC) and Sharīʿah team members of Islamic banks in Malaysia.

Findings

The analysis of scores obtained from the questionnaire survey–including 41 items representing current significant issues in Sharīʿah governance–indicates that SGF-2010 has been successful in achieving its objectives and in addressing related issues. The results of the paired sample t-test show significant improvements in Sharīʿah governance practices in Malaysian Islamic banks in light of the aforementioned guideline by Bank Negara Malaysia.

Research limitations/implications

Findings of this research suggest that among the five essential pillars of Sharīʿah governance, namely, accountability and responsibility, independence, competence, confidentiality and transparency, most of the improvements and changes brought about by SGF-2010 are attributable to accountability and responsibility. However, there is still room for improvement in other components of the SGF, particularly with regard to transparency and the independence of the SC and Sharīʿah team.

Originality/value

Given the importance of Sharīʿah governance and considering recent endeavours to improve Sharīʿah-compliant culture among Islamic banks in Malaysia, this research is among the first attempts to empirically and comprehensively delve into this subject and evaluate its main issues by directly contacting key players in the Islamic banking industry and providing first-hand highlights. This research also compares the findings based on SGF-2010 with the requirements of SGF-2017 and Sharīʿah Governance Policy Document (SGPD-2019), which were released after this research was completed, where applicable.

中文翻译：

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全面评估马来西亚伊斯兰银行的伊斯兰教治理实践

目的

这项研究旨在实证研究“伊斯兰教治理框架”（SGF）对改善马来西亚伊斯兰银行的伊斯兰教治理实践以及解决相关问题的影响。

设计/方法/方法

数据收集使用全面的问卷调查进行，该调查主要基于SGF-2010和文献中的论点开发。该研究的样本包括伊斯兰教治政府的主要工作人员，包括高级经理，伊斯兰教法委员会（SC）和马来西亚伊斯兰银行的伊斯兰教法团队成员。

发现

对从问卷调查中获得的分数进行的分析（包括代表伊斯兰教治理当前重要问题的41个项目）表明，SGF-2010在实现其目标和解决相关问题方面取得了成功。配对样本t检验的结果表明，根据马来西亚国家银行的上述准则，马来西亚伊斯兰银行的Sharīʿah治理实践得到了显着改善。

研究局限/意义

这项研究的结果表明，在沙里亚治理的五个基本支柱中，即问责制和责任制，独立性，能力，保密性和透明性，SGF-2010带来的大部分改进和变化都归因于问责制和责任制。但是，SGF的其他组成部分仍有改进的空间，特别是在透明性以及SC和Sharīʿah团队的独立性方面。

创意/价值

鉴于伊斯兰教治理的重要性，并考虑到最近在马来西亚伊斯兰银行中改善符合伊斯兰教教法的文化的努力，这项研究是通过直接与伊斯兰教的主要参与者联系来实证和全面研究该主题并评估其主要问题的首次尝试之一。银行业，并提供第一手资料。这项研究还对基于SGF-2010的调查结果与SGF-2017和SharīGovernah治理政策文件（SGPD-2019）的要求进行了比较，这些要求在研究完成后发布（如适用）。