Shari’ah Audit Disclosure in annual reports: A comparison study between Bahrain and Malaysian Islamic Financial Institutions
Keywords:Shari’ah audit, Shari’ah audit report, AAOIFI, Shari’ah Governance Framework, Islamic Financial Institutions
Auditing in Islam is not an alien concept after all. It has been practiced since the time of Prophet (PBUH) where he appointed ‘the Muhtasib’ in the Makkan market. However, the progress of Islamic banking and finance has paved way for its re-establishment once again. The purpose of this paper is to examine the concept, and the desired and actual practice of Shari’ah audit in today’s practice. First, this paper analyzes the sacred texts and previous literature to derive the traditional concept of audit and the proposed framework by the previous
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Copyright (c) 2019 Rebwar Mohammed Ahmed, Hemn Mahamad Aziz, Basira Majeed Najm
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