@article{Johari_2022, title={Prudence in Managing and Reporting The Shariah Non-Compliant Income by Malaysian Islamic Banks }, volume={9}, url={https://ejpi.kuis.edu.my/index.php/ejpi/article/view/72}, DOI={10.53840/ejpi.v9i2.72}, abstractNote={<p>Understanding Shariah Non-Compliance Incidents (SNC) is critical to all key functions of Islamic banks. Prudence in managing and reporting the SNC is critical to the bank because the key functions have to decide on matters related to issues of Shariah Non-Compliances (SNCs). One of the issues of SNCs is the Shariah Non-Compliant Income (SNCI), which should be deducted from the income of Islamic banks. This SNCI has to be reported in the banks’ annual reports by the Shariah Committee of the bank. Two sets of semi-structured interview questions were developed for this study, the first set was designed for the banks’ key functions, and the second set for the Shari’ah scholars represented by the Shari’ah Committee (SC) and the Shari’ah Advisory Council (SAC) of BNM. The data were collected from the three types of Islamic Banking Institutions (IBIs) through purposive sampling. In-depth interviews are the primary source of information for data collection. The data were transcribed and analysed using Atlas. ti eased by ‘The Six Phases of Reflexive Thematic Analysis’ to provide a coherent and compelling interpretation of grounded data. Financial reporting is one of the evidence that the bank’s function is seen as accountable, transparent, and prudent in complying with the Shariah principles and regulatory requirements of the regulator. The study adds to the very limited literature on the end-to-end process of managing and reporting SNCI. The findings are thought to be worthwhile because previous studies failed to highlight such evidence on prudence in the process of managing and reporting Shariah Non-Compliant Income by Islamic Banks in Malaysia.</p> <p> </p>}, number={2}, journal={e-Jurnal Penyelidikan dan Inovasi}, author={Johari, Norhanizah}, year={2022}, month={Sep.}, pages={75–87} }