Corporate Ownership and Governance Structure of Corporation in Supporting Sustainability: The Shariah Perspective

Sustainability is a current phenomenon that highly concerned by numerous parties. It argued company law needs for reform in both corporate ownership and governance structures within the revisiting duties responsibilities of directors shareholders realizing this sustainability agenda. Nevertheless, such not clearly addressed Malaysian law, particularly under Companies Act (CA) 2016. At meantime, many discussions affirm agenda from Islamic perspective realm maqasid al-Shariah. Hence, companies undertaking Shariah compliant businesses have initiated on de-liberating some possible actions exploring Yet, discussion reverts to structure these which are governed CA In addition, little has focused sharikah what extent it facilitates sustainability. Therefore, article aims discuss two folds. First, scope conventional standard its position perspective. Second, how business company, mainly premised roles shareholders, can play important support 2016, comparison Shariah. This essential highlight certain aspects be adopted Shariah-compliant entities Malaysia achieving