...Randi Swandaru; Aishath Muneeza Purpose This study aims to scrutinize the modus operandi of global financial frauds in Islamic financial institutions and assesses whether those frauds can be prevented using High Standards of Shariah Governance. Design/methodology/approach A qualitative...

...   Equation 18 which says that the firm's total net profit in period t is equal to the dividend. When considered in combination: Equation 19 i.e. net profit=new investment=new shares issued=dividend paid © Emerald Group Publishing Limited 2012 Dividend irrelevance Financial fraud...