Information asymmetry and regulatory shortcomings in profit sharing investmen…

Purpose – The purpose of this paper is to explore the shortcomings in the compliance of the full-fledged Islamic banks with the Bank Negara Malaysia (BNM) disclosure guidelines related to the profit sharing investment accounts (PSIAs). Design/methodology/approach – This study uses interviews and a survey. Findings – It was found that only two out five full-fledged Islamic banks follow…