Record Details

Knowledge, Skills and Characteristics Requirements for Shari’ah Auditors

Asian Journal of Accounting and Governance

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Field Value
 
Title Knowledge, Skills and Characteristics Requirements for Shari’ah Auditors
 
Creator Mohd Ali, Nor Aishah
Shahimi, Shahida
Shafii, Zurina
 
Subject Competency, Knowledge, Skill, Shari’ah, Shari’ah Auditors
 
Description The shari’ah audit function within the Islamic financial institutions (IFIs) provides assurance on IFI’s compliance with shari’ah principles. Currently, IFIs in Malaysia are experiencing a shortage of qualified shari’ah auditors (SAR) to perform the shari’ah audit function. This paper aims to explore the specific elements of knowledge, skills and other characteristics (KSOC) required of SAR in carrying out their tasks effectively. A multiple-case study involving various types of IFIs were conducted to gather insights on current practices of recruiting SAR and determine the relevant KSOC for SAR. In total, 31 respondents were interviewed comprising representatives from the regulator, SAR, and Heads of Shari’ah Audit Department of selected participating IFIs.  The findings reveal that shari’ah knowledge is the essential knowledge component, followed by knowledge of Islamic banking operation and knowledge of Fiqh Muamalat. For the skill component, auditing is revealed as the main skill required of SAR to be considered as competent. In addition, this study finds that SAR must also have the willingness to learn attitude as a complementing characteristic to the knowledge and skill elements identified above, as a package requirement for a competent shari’ah auditor. This research contributes to the importance of competency practice among Islamic banking personnel. It also contributes to the management policy in the recruitment or training of shari’ah auditing professionals of IFIs in Malaysia. 
 
Publisher Penerbit UKM
 
Contributor —
 
Date 2018-05-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/ajac/article/view/25276
10.17576/AJAG-2018-09-15
 
Source Asian Journal of Accounting and Governance; Vol 9 (2018); 171-185
2180-3838
 
Language eng
 
Relation http://ejournal.ukm.my/ajac/article/view/25276/8775
 
Rights Copyright (c) 2018 Asian Journal of Accounting and Governance