Accountability in Islamic Social Enterprises (ISEs) from Stakeholders’ Perspective

International Journal of Engineering & Technology, 7(3.35), 253-256 (2018)

4 Pages Posted: 1 Jul 2019

See all articles by Muhammad Iqmal Hisham Kamaruddin

Muhammad Iqmal Hisham Kamaruddin

Universiti Sains Islam Malaysia (USIM)

Sofiah MdAuzair

National University of Malaysia (UKM) - Faculty of Economics and Management

Nurul Aini Muhamed

Universiti Sains Islam Malaysia (USIM)

Date Written: 2018

Abstract

Accountability and non-profit sector is not a strange issue. As it has wider stakeholders as compared to other sectors, abuse, misappropriate and fraud cases frequently remark the ‘dark side’ of non-profit sector. Plus, with the introduction of Social Enterprise (SE) concept that combine for both social and economic objectives in an entity, accountability issue become more tension as the complexity of the organization itself. Therefore, this study aims to examine accountability from stakeholders’ perspective, focusing on Islamic Social Enterprises (ISEs) in Malaysia. A questionnaire survey was utilized in this study and 50 ISEs’ stakeholders from various stakeholders groups are contributed in this study. Based on findings, it can be said that all three accountability dimensions, which are accountability for input, accountability for output and accountability for procedural have significantly contribute toward accountability in ISEs in Malaysia. Ironically, most ISEs’ stakeholders are still believed that current accountability practices in ISEs in Malaysia is still in moderate level.

Keywords: Accountability, Islamic Social Enterprise (ISE), Stakeholder Perspective

JEL Classification: M41

Suggested Citation

Kamaruddin, Muhammad Iqmal Hisham and MdAuzair, Sofiah and Muhamed, Nurul Aini, Accountability in Islamic Social Enterprises (ISEs) from Stakeholders’ Perspective (2018). International Journal of Engineering & Technology, 7(3.35), 253-256 (2018), Available at SSRN: https://ssrn.com/abstract=3412262

Muhammad Iqmal Hisham Kamaruddin (Contact Author)

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, 71800
Malaysia

Sofiah MdAuzair

National University of Malaysia (UKM) - Faculty of Economics and Management ( email )

Bangi, Selangor 43600
Malaysia

Nurul Aini Muhamed

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

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