Q3 B : SHARIAH SUBJECT; SHARIAH AUDIT AND COMPLIANCEPLEASE ANSWER ASAP QUESTION THREEAs an Islamic finance expert, you are given the following issues by your customer. Youare required to discuss the relevant facts and recommend the best approach for themto practice.b) To strictly comply with the Shariah Governance Policy Document (2019) by theBank Negara Malaysia is not cost effective. In fact, merging the roles of Shariahaudit and Shariah review in one department will significantly save costs. Byapplying the Chinese Wall' concept, this suggestion would be a possiblealternative.

The concept of the Chinese Wall says that an informational barrier called a "Chinese wall" is put in…

Answered: Q3 B : SHARIAH SUBJECT; SHARIAH AUDIT…

Business

Accounting

Q3 B : SHARIAH SUBJECT; SHARIAH AUDIT AND COMPLIANCE PLEASE ANSWER ASAP

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q3 B : SHARIAH

SUBJECT; SHARIAH AUDIT AND COMPLIANCE

PLEASE ANSWER ASAP

QUESTION THREE
As an Islamic finance expert, you are given the following issues by your customer. You
are required to discuss the relevant facts and recommend the best approach for them
to practice.
b) To strictly comply with the Shariah Governance Policy Document (2019) by the
Bank Negara Malaysia is not cost effective. In fact, merging the roles of Shariah
audit and Shariah review in one department will significantly save costs. By
applying the Chinese Wall' concept, this suggestion would be a possible
alternative.

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