ANALYSIS OF LITERATURES ON SHARIAH NON-COMPLIANCE (SNC) IN ISLAMIC FINANCE

Shariah non-compliance is an important topic not only for Muslims who manage businesses but also for Islamic Financial Institutions (IFIs), in order to maintain justice and fairness in transactions. The objective of this study is to conduct an analysis of the relevant literatures on Shariah non-compliance (SNC) in Islamic Finance. Descriptive research that is based on document analysis of prior studies and literatures on SNC that were obtained from online journals has been used as the approach for this study. Journals and publications are obtained via a wide variety of channels, including Google Scholar, Science Direct, and ResearchGate.com. There are a total of 80 articles relevant to this topic that were gathered and reviewed. This study looked at a variety of different characteristics, some of which are subject of article, the number of articles that have been published and type of study. The general conclusion from this study shows that the vast majority of previous research on SNC focused primarily on investigating issues pertaining to firm performance, investment, and risk management and mainly focused on descriptive analysis approach.