A Brief Overview on Islamic Compliance Quality Management System PDF Download

Author: Khatijah Othman
Publisher:
ISBN:
Category :
Languages : en
Pages : 5

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Book Description
The Islamic Compliance Quality Management System-Requirements from Islamic Perspectives (ICQMS): MS 1900:2005, has been introduced and implemented in Malaysia for quite sometimes. The controlling and monitoring body is SIRIM Malaysia. The implementation of MS 1900:2005 is based on the ISO 9001:2000 standard which is revised as ISO 9001:2008 (Quality Management System), a Quality Management System established by the International Organization for Standardization (ISO) that is applicable for all type and size of organizations. It establishes a standard with the objectives to improve the effectiveness of products, services and processes. In fact ICQMS, MS 1900:2005 has become a basis in measuring standard recognized nationwide in measuring quality from Islamic perspectives. With the references to the Malaysian contexts, this paper intends to give a brief overview on its philosophic establishments, practices and components within the philosophic values and requirement of Shariah based compliance in accordance to Al-Quran and Hadeeth.

Author: Khatijah Othman
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description

Author: Ben Ahmad
Publisher: SCR Strategic & Advisory Sdn Bhd
ISBN: 9671815723
Category : Business & Economics
Languages : en
Pages : 66

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Book Description
Thousands of authors and books have been published about everything pertaining to Shariah and any related matters to it. But none of them has put effortless reading material on how to understand Shariah in the simplest manner but practical at the same time. From the ‘head to toe,’ publications also have been filling our book stores around the globe, and yet, still a lot of people unable to imply Shariah in a practical manner in their personal lives, schools, offices, manufacturers, or even worship houses. This is to say, that Shariah has been given a typical understanding such as a ‘good-looking attire’, the ethical values most and how you spoke to the others, and the perceptions rather than desired practices. But believe me, Shariah in the real meaning is none of those which we traditionally took it and realize it. It way better than that whereas we can try to grasp it from this little, tiny book. Book Objectives 1. To increase the people understanding of Shariah 2. To erase the misunderstanding about Shariah governance 3. To share the practical manual about Shariah governance for a workplace

Author: Faridah Hassan
Publisher: Springer
ISBN: 9811326770
Category : Business & Economics
Languages : en
Pages : 519

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Book Description
The proceedings volume focuses on halal management and science topics. Issues related to business model, management, marketing, finance, food security, lifestyle, hospitality, tourism, cosmetics, personal care, legal aspects, technologies and sciences are presented in the chapters. In addition, the book also covers comprehensive areas of halalan toyyiban chains of production from raw materials, ingredients, planning, manufacturing, packaging, logistics, delivery, warehousing, marketing to consumption. Various survey results and few cases explore practical solutions to these issues of interest to academics in university settings as well as practitioners in different industries and government agencies.

Author: Nur Nafhatun Md Shariff
Publisher: Springer Nature
ISBN: 9813348542
Category : Religion
Languages : en
Pages : 423

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Book Description
The global halal industry is likely to grow to between three and four trillion US dollars in the next five years, from the current estimated two trillion, backed by a continued demand from both Muslims and non-Muslims for halal products. Realising the importance of the halal industry to the global community, the Academy of Contemporary Islamic Studies (ACIS), the Universiti Teknologi MARA Malaysia (UiTM) and Sultan Sharif Ali Islamic University (UNISSA) Brunei have organised the 4th International Halal Conference (INHAC) 2019 under the theme “Enhancing Halal Sustainability'. This book contains selected papers presented at INHAC 2019. It addresses halal-related issues that are applicable to various industries and explores a variety of contemporary and emerging issues. It covers aspects of halal food safety, related services such as tourism and hospitality, the halal industry - including aspects of business ethics, policies and practices, quality assurance, compliance and Shariah governance Issues, as well as halal research and educational development. Highlighting findings from both scientific and social research studies, it enhances the discussion on the halal industry (both in Malaysia and internationally), and serves as an invitation to engage in more advanced research on the global halal industry.

Author: Ahcene Lahsasna
Publisher: John Wiley & Sons
ISBN: 1118796861
Category : Business & Economics
Languages : en
Pages : 243

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Book Description
A comprehensive guide to one of the key risk management issues in the expanding field of Islamic finance For Islamic financial institutions, Sharia non-compliance is a growing and key risk that must be carefully managed. This book offers a thorough look at non-compliance risk and explains the legal documentation necessary to ensure compliance for professionals in the Islamic finance industry. In addition, the book offers helpful guidance and understanding for the legal departments of Islamic financial institutions, as well as lawyers, legal firms, Shariah advisors, Shariah officers, and students studying Islamic finance. The book covers fundamental concepts, major risk elements, tools and techniques for identifying non-compliance, legal documentation, and the impact of non-compliance, among other vital topics. Offers comprehensive coverage of the growing field of non-compliance risk management in Islamic finance Includes in-depth coverage of legal documentation Written by an expert on the topic who teaches at INCEIF, The Global University for Islamic Finance and IIUM, International Islamic University of Malaysia in Malaysia

Author: Noor Zahirah Mohd Sidek
Publisher: Springer
ISBN: 9811375844
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
This book examines a range of current issues in Islamic development management. The first part of the book explores practical issues in governance and the application of Islamic governance in new areas such as quality management systems and the tourism industry, while the second delves into questions of sustainability. The book proposes a new Islamic sustainability and offers new perspectives on CSR in connection with waqf (Islamic endowments) and microfinance. The third part of the book addresses Islamic values and how they are applied in entrepreneurship, inheritance, consumer behavior and marketing. The fourth part examines the issues of waqf and takaful (a form of insurance in line with the Islamic laws), while the fifth discusses the fiqh (the study of Islamic legal codes) and legal framework from the perspectives of entrepreneurship, higher education, reporting and inheritance (wills). The final chapter is dedicated to the application of Islamic principles in various other issues. Written in an accessible style, the book will appeal to newcomers to the field, as well as researchers and academics with an interest in Islamic development management.

Author: Mr.In Song
Publisher: International Monetary Fund
ISBN: 1498319270
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking.

Author: Mr.Mumtaz Hussain
Publisher: International Monetary Fund
ISBN: 1513565621
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.

Author: Muhammad Hanif
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
Purpose: This study aims to develop a Sharīʻah-compliance rating mechanism for the Islamic financial services industry (IFSI), with a special focus on banking. The banking sector is taken as the area of focus due to its leadership role in the volume of global Sharīʻah-compliant assets.Design/methodology/approach: The objectives of the Islamic financial system (IFS) are selected as the basis for ratings. A range of performance indicators (leading to achievement of the objectives) is grouped into four broader categories and used in the study to allocate scores with a sum total of 100. Special considerations - including the amount of resources required in performing an activity, suitability of prevailing business conditions, the degree of compulsion/discretion in performing a task and linkage with the essence of the IFS - were taken into account in the allocation of scores.Findings: This study groups multiple performance measures into four categories, including portfolio construction (deposits mechanism, participatory and asset-based modes of financing), access to finance (service to the less-privileged and sector screening), reputation (disclosures and stakeholders' survey) and Sharīʻah governance (Sharīʻah supervision and controls, charitable operations, human resources, product development and organization). The Portfolio, Audit, Reputation and System (PARS) rating system is then developed.Practical implications: A Sharīʻah-compliance rating system is helpful in measuring the progress towards goal achievement of the IFS and in gaining stakeholders' trust. It is also important for Sharīʻah boards and regulators in policy formulation, for management in addressing weaknesses and taking corrective measures and potentially for standard-setting bodies.Originality/value: This study presents a comprehensive quantitative Sharīʻah-compliance rating mechanism, taking into consideration the objectives of the IFS - equitable distribution of wealth and financial stability, in addition to Sharīʻah-compliance in operations. Development of Sharīʻah-compliance quality ratings for Islamic banking is essential to gain customers' trust; the suggested methodology is thus a contribution to the literature on Islamic finance.