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There is a need to uphold integrity among the management in order to strengthen Islamic cooperative institutions in Malaysia. This paper aims to observe the development of mudarabah contract and practice in Islamic Cooperative Institutions (ICI) in Malaysia. Next, it also aims to theoretically establish mudarabah contract in Islamic cooperative institution model in Malaysia that employs IIE-process (shuratic process). This study is a qualitative-based research. It uses literature reviews, documents and content analysis approach to document, understand and analyse the structure, process and practice of mudarabah contract in ICI in Malaysia. This study attempts to comprehensively examine the evolution of the mudarabah contract in ICI in Malaysia. After the introduction of the background problem, this paper will present the literature on Islamic Cooperative institutions in Malaysia, shuratic social learning process, reduce principal agent problems and uphold integrity. This study contributes in uphold integrity among the management in order to strengthen mudarabah contract of Islamic cooperative institutions in Malaysia.
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In-Text Citation: (Hassan & Sanusi, 2019)
To Cite this Article: Hassan, N. M., & Sanusi, N. A. (2019). Mudarabah Contract in Islamic Cooperative Institutions: A Conceptual Study. International Journal of Academic Research in Business and Social Sciences, 9(2), 994–1003.
Copyright: © 2019 The Author(s)
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