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112

Roszaini Haniffa and Mohammad Hudaib

Appendix

Appendix A1 Contd.

APPENDIX 1 Research instrument used in the study

Theme: underlying philosophy and values

  • A.

    Dimension: vision and mission statement

    • 1.

      Commitments in operating within Shari’ah principles/

ideals 2. Commitments in providing returns within Shari’ah principles

  • 3.

    Focus on maximising shareholders returns

  • 4.

    Current directions in serving the needs of Muslim

community

5. Future directions in serving the needs of Muslim community

6. Commitments to engage only in permissible investment activities

7. Commitments to engage only in permissible financing activities

8. Commitments to fulfil contracts via contract (uqud) statement’

  • 9.

    Appreciation to shareholders and customers

    • B.

      Dimension: BOD and top management

  • 1.

    Names of board members

  • 2.

    Positions of board members

  • 3.

    Pictures of board members

  • 4.

    Profile of board members

  • 5.

    Shareholdings of board members

  • 6.

    Multiple-directorships exist among board members

  • 7.

    Membership of audit committees

  • 8.

    Board composition: executive vs non-executive

  • 9.

    Role duality: CEO is Chairman of board

  • 10.

    Names of management team

  • 11.

    Positions of management team

  • 12.

    Pictures of management team

  • 13.

    Profile of management team

Theme: interest-free and Islamically acceptable deals

  • C.

    Dimension: product

    • 1.

      No involvement in non-permissible activities

    • 2.

      Involvement in non-permissible activities-% of profit

    • 3.

      Reason for involvement in non-permissible activities

    • 4.

      Handling of non-permissible activities

    • 5.

      Introduced new product

    • 6.

      Approval ex ante by SSB for new product

    • 7.

      Basis of Shari’ah concept in approving new product

    • 8.

      Glossary/definition of products

    • 9.

      Investment activities–general

    • 10.

      Financing projects–general

Theme: Developmental and Social Goals

Theme: underlying philosophy and values

  • D.

    Dimension: Zakah, charity and benev7olent loans

    • 1.

      Bank liable for zakah

    • 2.

      Amount paid for zakah

    • 3.

      Sources of zakah

    • 4.

      Uses/beneficiaries of zakah

    • 5.

      Balance of zakah not distributed–amount

    • 6.

      Reasons for balance of zakah

    • 7.

      SSB attestation that sources and uses of zakah

according to Shari’ah 8. SSB attestation that zakah has been computed according to Shari’ah

      • 9.

        Zakah to be paid by individuals-amount

  • 10.

    Sources of charity (saddaqa)

  • 11.

    Uses of charity(saddaqa)

  • 12.

    Sources of qard al-hassan

  • 13.

    Uses of qard al-hassan

  • 14.

    Policy for providing qard al-hassan

  • 15.

    Policy on non-payment of qard al-hassan

    • E.

      Dimension: employees

      • 1.

        Employees appreciation

      • 2.

        Number of employees

      • 3.

        Equal opportunities policy

      • 4.

        Employees welfare

      • 5.

        Training: Shari’a awareness

      • 6.

        Training: other

      • 7.

        Training: student/recruitment scheme

      • 8.

        Training: monetary

      • 9.

        Reward for employees

    • F.

      Dimension: debtors

      • 1.

        Debt policy

      • 2.

        Amount of debts written off

      • 3.

        Type of lending activities-general

      • 4.

        Type of lending activities-detailed

    • G.

      Dimension: community

      • 1.

        Women branch

      • 2.

        Creating job opportunities

      • 3.

        Support for org. that provide benefits to society

      • 4.

        Participation in govt. social activities

      • 5.

        Sponsor community activities

      • 6.

        Commitment to social role

      • 7.

        Conferences on Islamic economics

Theme: Reviews by Shari’ah Supervisory Board

  • H.

    Dimension: Shari’ah Supervisory Board (SSB)

    • 1.

      Names of members

    • 2.

      Pictures of members

    • 3.

      Remuneration of members

    • 4.

      Report signed by all members

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