Stakeholder Analysis.

Definition: Stakeholder can simply be defined as person, group ,organization or system that has direct or indirect stake in an organization because it can affect or be affected by the organizations action, objectives and policies. Key stakeholders in a business organization include creditors, customers, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Potential roles of stakeholders in Islamic banking industry: Internal Stakeholders: 1. Shariah board play a major role to make sure the products of islamic banking in Malaysia is parallel to the islam rules and regulations. Have a great responsibility to protect the right of all stakeholders according to the principle of syariah. 2. Key institution (financial board, accounting and auditing organization). 3. Bank Negara Malaysia facilitates improvements in payment services and market developments through fostering payment innovations in ensuring public confidence in the retail payment systems and the use of payment instruments, as well as steering the national agenda of promoting the migration to electronic payments. 4.