/jurnalpengurusan Fri, 20 Sep 2024 09:02:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 /jurnalpengurusan/article/characteristics-of-board-and-shariah-board-on-risk-taking-and-performance-evidence-from-takaful-operators-in-malaysia/?utm_source=rss&utm_medium=rss&utm_campaign=characteristics-of-board-and-shariah-board-on-risk-taking-and-performance-evidence-from-takaful-operators-in-malaysia Fri, 20 Sep 2024 01:34:46 +0000 /jurnalpengurusan/?post_type=article&p=7423 This study examines how board of directors (BOD) and Shariah board (SB) characteristics influence risk-taking and performance in Malaysian Takaful operators (TOs). These operators face unique challenges when balancing financial growth with strict adherence to Shariah principles. The study analyse data from 15 TOs from 2012 to 2021, resulting in a total of 124 firm-years of observations using panel data regression techniques. The key findings are a higher proportion of women on BOD leads to less risk-taking, while larger SB with more PhD members encourage it. However, the impact on performance is mixed. More women on BOD might reduce returns on assets, while frequent BOD meetings and a highly qualified SB might lower return on equity. This research offers valuable insights, where investors should consider the risk-return trade-off when evaluating TOs based on BOD and SB composition while managers need to balance risk management with Shariah compliance by building diverse BOD and optimising SB structure. Industry regulators should promote sound governance practices and collaboration between BOD and SB. Overall, the study contributes to the corporate and Shariah governance literature, shedding light on the complex interplay between BOD composition, SB expertise, risk-taking and performance in a complex industry.

]]> /jurnalpengurusan/article/tadbir-urus-syariah-dalam-industri-takaful-di-malaysia-implikasi-pasca-akta-perkhidmatan-kewangan-islam-2013/?utm_source=rss&utm_medium=rss&utm_campaign=tadbir-urus-syariah-dalam-industri-takaful-di-malaysia-implikasi-pasca-akta-perkhidmatan-kewangan-islam-2013 Tue, 11 Oct 2022 07:50:52 +0000 /jurnalpengurusan/?post_type=article&p=5417 Takaful industry was first introduced into Malaysia about 30 years ago when the first takaful operator was established to fulfil the need of the Muslim community to be protected based on the Islamic principles.Takaful operations are regulated and supervised by BNM and various changes have been made to ensure the strengthening and stability of the takaful industry including the shariah governance legislation. The aim of this paper is to analyze the legal provisions of Central Bank of Malaysia Act 2009 and Islamic Financial Services Act 2013 in terms of shariah governance in takaful industry at Malaysia. This study interviewed seven informants comprising officers from the Department of Shariah and Shariah Committee of Takaful Company (SPT), which have involved directly in the shariah governance process of takaful industry. The findings indicate that the legal provisions of Islamic Financial Services Act 2013 have given positive implication for shariah governance of takaful industry since the legal provisions are clear and detailed such as the role of the SAC of BNM and the SC of Takaful Operators.

]]>