Perception on Shariah Governance Attributes and Information Technology towards Fraud Prevention and Detection Activities in Malaysian Islamic Banks

Nowadays, fraud in the financial sector is common and a global issue. The Islamic Financial Institution (IFI) Malaysia faces issue despite Shariah-compliance. Fraud riba’ Islam are forbidden due to being non-Shariah compliant matters. Thus, study examines attributes of Shariah governance as an agent for prevention detection. Data were collected from 16 Banks with internal auditors risk analysts respondents. correlation regression analysis revealed that effective committee did not impact detection activities. Conversely, audit, virtuous senior management, information technology use positively influenced activities Malaysia. Future research should consider extending other segments IFIs such licensed Takaful operators, investment banks or prescribed development institutions approved conduct business. also incorporate moderating variables working experience years can specifically analyse blockchain