Corporate Governance and Shariah Governance: Assessing from Takaful Operators in Malaysia

AAOIFI, A. (2015). Accounting, auditing and governance standards for Islamic financial institutions. Bahrain: AAOIFI.
Abd Razak, A. H. (2018). Centralisation of corporate governance framework for Islamic financial institutions: Is it a worthy cause?. ISRA International Journal of Islamic Finance, 10(1), 36-51.
Al-Amri, K. (2015). Takaful insurance efficiency in the GCC countries. Humanomics, 31(3), 344-353.
Allegrini, M., & Greco, G. (2013). Corporate boards, audit committees and voluntary disclosure: Evidence from Italian listed companies. Journal of Management & Governance, 17(1), 187-216.
Alshammari, A. A., Alhabshi, S. M. B. S. J., & Saiti, B. (2019). The impact of competition on cost efficiency of insurance and takaful sectors: Evidence from GCC markets based on the Stochastic Frontier Analysis. Research in International Business and Finance, 47, 410-427.
Beasley, M. S. (1996). An empirical analysis of the relation between the board of director composition and financial statement fraud. Accounting review, 443-465.
Boubakri, N. (2011). Corporate governance and issues from the insurance industry. Journal of Risk and Insurance, 78(3), 501-518.
Chowdhury, N., & Shaker, F. (2015). Shariah governance framework of the islamic banks in Malaysia. International Journal of Management Sciences and Business Research, 4(10).
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1996). Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemporary accounting research, 13(1), 1-36.
Elsiddig Ahmed, I. (2020). The qualitative characteristics of accounting information, earnings quality, and Islamic banking performance: Evidence from the gulf banking sector. International Journal of Financial Studies, 8(2), 30.
Fernandes, C., Farinha, J., Martins, F. V., & Mateus, C. (2017). Supervisory boards, financial crisis and bank performance: do board characteristics matter?. Journal of banking regulation, 18(4), 310-337.
Fuzi, S. F. S., Halim, S. A. A., & Julizaerma, M. K. (2016). Board independence and firm performance. Procedia Economics and Finance, 37, 460-465.
Harrington, S. E. (2009). The financial crisis, systemic risk, and the future of insurance regulation. Journal of Risk and Insurance, 76(4), 785-819.
Haider, N., Khan, N., & Iqbal, N. (2015). Impact of corporate governance on firm performance in
Islamic financial institution. International Journal of Technological Exploration and
Learning, 51(2008), 106–110.

Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance and disclosure in Malaysian corporations. Abacus, 38(3), 317-349.

Haqqi, A. R. A. (2014). Shariah governance in Islamic financial institution: An appraisal. US-China L. Rev., 11, 112.

Hemrit, W. (2020). Determinants driving Takaful and cooperative insurance financial performance in Saudi Arabia. Journal of Accounting & Organizational Change.

Htay, S. N. N., & Salman, S. A. (2013). Viability of Islamic insurance (Takaful) in India: SWOT analysis approach. Rev. Eur. Stud., 5, 145.
IFSB, I. (2009). Guiding principles on Shari'ah governance systems for institutions offering Islamic financial services. Islamic Financial Services Board. Kuala Lumpur.
Kantakji, M. H., Hamid, B. A., & Alhabshi, S. O. (2020). What drives the financial performance of general takaful companies?. Journal of Islamic Accounting and Business Research.
Kasim, N. A. A. (2012). Disclosure of Shariah compliance by Malaysian takaful companies. Journal of Islamic Accounting and Business Research.
Kent, P., & Stewart, J. (2008). Corporate governance and disclosures on the transition to international financial reporting standards. Accounting & Finance, 48(4), 649-671.
Khan, A., Hassan, M. K., Paltrinieri, A., Dreassi, A., & Bahoo, S. (2020). A bibliometric review of takaful literature. International Review of Economics & Finance, 69, 389-405.
Khamar Tazilah, M. D. A., Ahamad Rapani, N., Abdul Halim, N., & Majid, M. (2017). Preliminary Study on The Compliance of Shariah Governance Framework and Performance of Islamic Financial Institutions in Malaysia. In The 19th Malaysian Finance Association Annual Conference (MFAC).
Laksmana, I. (2008). Corporate board governance and voluntary disclosure of executive compensation practices. Contemporary accounting research, 25(4), 1147-1182.
Lang, M. H., & Lundholm, R. J. (2000). Voluntary disclosure and equity offerings: reducing information asymmetry or hyping the stock?. Contemporary accounting research, 17(4), 623-662.
Li, Y., Armstrong, A., & Clarke, A. (2014). The relationship between corporate governance and financial performance of small corporations in Australia. Journal of Law and Governance, 9(2).
Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98-110.
Mollah, S., Hassan, M. K., Al Farooque, O., & Mobarek, A. (2017). The governance, risk-taking, and performance of Islamic banks. Journal of financial services research, 51(2), 195-219.
Mollah, S., & Zaman, M. (2015). Shari’ah supervision, corporate governance and performance: Conventional vs. Islamic banks. Journal of Banking & Finance, 58, 418-435.
Nasir, A., Farooq, U., & Khan, A. (2021). Conceptual and influential structure of Takaful literature: a bibliometric review. International Journal of Islamic and Middle Eastern Finance and Management.
O’Sullivan, M., Percy, M., & Stewart, J. (2008). Australian evidence on corporate governance attributes and their association with forward-looking information in the annual report. Journal of Management & Governance, 12(1), 5-35.
Parker, M. (2005). Scandal hit: Bank Islam Malaysia declares huge losses. Arab News, 19.
Pratama, A. (2017). Company characteristics, corporate governance and aggressive tax avoidance practice: A study of Indonesian companies. Review of Integrative Business and Economics Research, 6(4), 70.
Ramady, M. A. (2021). Financial Regulation and Liberation: Saudi Arabia’s Path Towards True Global Partnership. Springer Nature.
Reuters, I. T. (2020). Islamic Finance Development Report 2019: Harmony on the Horizon.
Samaha, K., Khlif, H., & Hussainey, K. (2015). The impact of board and audit committee characteristics on voluntary disclosure: A meta-analysis. Journal of International Accounting, Auditing and Taxation, 24, 13-28.
Srairi, S. (2015). Corporate governance disclosure practices and performance of Islamic banks in GCC countries. Journal of Islamic Finance, 4(2).
Taib, C. A., Ashraf, M. S., & Razimi, M. S. B. A. (2018). Productivity change in the efficiency of the insurance and takaful industry of Pakistan. Academy of Accounting and Financial Studies Journal, 22, 1-11.
Upadhyay, A. D., Bhargava, R., Faircloth, S., & Zeng, H. (2017). Inside directors, risk aversion, and firm performance. Review of Financial Economics, 32, 64-74.
Wu, W., Peng, F., Shan, Y. G., & Zhang, L. (2020). Litigation risk and firm performance: The effect of internal and external corporate governance. Corporate governance: an international review, 28(4), 210-239.
Zain, F. A. M., Abdullah, W. A. W., & Percy, M. (2021). Voluntary adoption of AAOIFI disclosure standards for takaful operators: the role of governance. Journal of Islamic Accounting and Business Research.

N/A

Copyright: © 2023 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode