Accountability in Malaysian Islamic Social Enterprises (ISEs): Stakeholders vs. Management Perspectives

International Journal of Banking and Finance, 15(2), 47-64

18 Pages Posted: 18 May 2021

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

Date Written: 2020

Abstract

This study compares stakeholder and management perspectives on accountability practices in Malaysian Islamic Social Enterprises (ISEs). Two sets of questionnaires were used in the survey for this study. The first set was answered randomly by 100 ISE stakeholders, and the second set was answered by the management from 102 Malaysian ISEs. The findings showed that both ISE stakeholders and ISE management have mixed agreement for all six proposed accountability dimensions. Based on this result, Malaysian ISEs need to improve their accountability practices, particularly with regard to input, output and procedures. The accountability measurement proposed in this study could also be used by other ISEs as indicators to evaluate their accountability practices.

Keywords: Accountability, Islamic accountability, Islamic social enterprise (ISE), stakeholder perspective, management perspective

JEL Classification: E16, L14, M41, O53, P31, Z12

Suggested Citation

Kamaruddin, Muhammad Iqmal Hisham and MdAuzair, Sofiah, Accountability in Malaysian Islamic Social Enterprises (ISEs): Stakeholders vs. Management Perspectives (2020). International Journal of Banking and Finance, 15(2), 47-64, Available at SSRN: https://ssrn.com/abstract=3848248

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

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