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Integrated Reporting Based on Maqasid Al-Shariah: A Proposed Framework for Islamic Non-Profit Organizations
Nathasa Mazna Ramli, Nur Solehah Aqilah Md Ali, Nurul Aini Muhammed

Last modified: 2018-06-28


This research is focuses on Islamic non-profit sector which rely on sources from the public. The emergence of this sector can be strengthened by fulfilling the needs of stakeholders for efficient reporting mechanism. Assessing the reporting of the sector would be notable to ensure that it obtains its objectives. Efficient reporting practices should highlight the non-profit perspectives and religious aspects. This research aims to identify the principles of Integrated Reporting (IR) that are suitable for Islamic non-profit organizations that draws its root from zakat, waqf and sadaqah (charity). This research focuses on formulating an IR framework which in line with Maqasid al-Shariah concept. IR is a new reporting concept that is holistic, strategic and relevant which represents a more meaningful reporting. This paper theoretically explores and proposes the IR for Islamic non-profit organization in the way to manifest their accountability towards stakeholders. The propose IR framework is expected to make contribution in several aspects. For donors, the IR is expected to be source for decision making. The proposed framework of IR will also guide the board and management in communicating the accountability of Islamic non-profit organizations. The developed IR framework can be an effective communication mechanism that can safeguard missions and visions of the organizations.



Integrated Reporting, Maqasid al-Shariah, Non-Profit Organizations, Islamic Finance, Islamic Social Finance