KUALA LUMPUR, Sept 27 (Bernama) — As part of its advocacy on Islamic finance, the Malaysian Institute of Accountants (MIA) recently published a White Paper on Shariah Audit (White Paper) in collaboration with Universiti Sains Islam Malaysia (USIM).
This White Paper is intended to help enhance Shariah governance and strengthen Malaysia’s global leadership in Islamic finance, and is aligned with MIA’s nation building purpose. “Shariah governance is one of the key areas for MIA’s advocacy and Malaysia’s globally competitive Islamic finance industry, as spearheaded by the MIA Islamic Finance Committee. Given that Shariah regulations and compliance are a competitive edge in growing and capitalising on Islamic markets, it is imperative to ensure consistent Shariah compliance for the issuance of Islamic finance services and products, particularly through the adequate implementation of Shariah governance structures and Shariah audit practices,” stated Encik Mohd Muazzam Mohamed, Chairman of the MIA Islamic Finance Committee, and a leading practitioner in the Islamic finance sector at the launch of the White Paper.