Transparency Standards Implementation in Light of Governance in the Islamic Banks in Kuwait
Journal Title: The International Journal of Business Ethics and Governance - Year 2021, Vol 4, Issue 1
Abstract
The study aims at identifying the transparency concept in general and its dimensions in the Islamic banks in particular, as well as the governance concept, importance, objectives, and principles in the financial institutions. The study examines the application level of transparency standards in light of governance in the Islamic Kuwaiti Banks. The analytical and descriptive approaches are adopted. The study population consists of four Islamic banks in Kuwait. The sample consists of 35 individuals working in senior administrative positions who are basically charged with institutional governance in Islamic banks in Kuwait. The study shows that the Islamic banks in Kuwait apply transparency standards with a high commitment level in light of governance. Of course, this gives us a positive indication of the application-level of both transparency and governance in the Islamic banks in Kuwait. Principles, standards of governance as well as transparency standards are very crucial for the Islamic financial institutions'bdevelopment. The study recommended issuing a separate governance code for Islamic banks, and an accredited measure of governance in the Islamic banks in Kuwait based on transparency standards.
Authors and Affiliations
Mohammad Alazemi, Lafi Alazemi
Keywords
Related Articles
- EP ID EP692585
- DOI https://doi.org/10.51325/ijbeg.v4i1.62
- Views 166
- Downloads 0
Determinants of Inflation in Palestine
This study aimed at identifying the most important determinants and economic factors affecting inflation rates in Palestine during the period (2000-2014), in order to help in reducing its effects on the Palestinian econo...
The impact of culture and relational quality in the cooperation between export companies and local distributors
The increased globalization and internationalization of business has highlighted the importance of understanding the role of culture and the quality of relations in influencing the cooperation between companies from a cr...
Factors Affecting Decision Makers Preference of MSMEs in Financing Sources Choice
The study examined the choice of the different financing theories for explaining the capital structure source of Micro, Small, and Medium Enterprises (MSMEs) that seeks to raise their capital, through examining the affec...
Evaluating Financial Performance of Saudi Listed Firms: Using Statistical Failure Prediction Models
The study aims to compare the classification power of three statistical failure prediction models: Altman model 1968, Kida model, and Zmijewski. The purpose is to evaluate the financial performance of Saudi listed firms....
The Impact of Intellectual Capital on Corporate Performance of IT Companies: Evidence from Bursa Istanbul
This study aimed to investigate the impact of intellectual capital (IC) on corporate performance of IT companies listed on Borsa Istanbul for the period of 2004-2015. Value Added Intellectual Coefficient (VAIC) approach...