Competency and effectiveness of internal Shariah audit in Islamic financial institutions

Abstract

Purpose

The purpose of this paper is to propose the conceptual relationship between competency and effectiveness of internal Shariah auditors in Islamic financial institutions (IFIs).

Design/methodology/approach

Normative and theorizing based on the main sources of Islam, mainly Maqasid al-Shariah theory, has been utilized in this research.

Findings

This study demonstrated how Maqasid al-Shariah or higher objectives of Islamic law have gradually captured the attention of increasing numbers of modern Muslim scholars for solving contemporary issues.

Originality/value

This study uniquely captured Maqasid al-Shariah for the competency of internal Shariah auditor.

Citation

Khalid, A.A., Haron, H. and Masron, T.A. (2018), "Competency and effectiveness of internal Shariah audit in Islamic financial institutions", Journal of Islamic Accounting and Business Research, Vol. 9 No. 2, pp. 201-221. https://doi.org/10.1108/JIABR-01-2016-0009