Shari'ah Governance in Islamic Banks
An in-depth and insightful study of Shari'ah governance from a theoretical and practical perspective.
Shari'ah governance has a profound influence on the day-to-day practice of Islamic Financial Institutions (IFIs) and each jurisdiction has adopted a different approach to developing a governance framework. This book reviews these pluralistic approaches and identifies best practice.
Covers the following aspects:
Theoretical aspects of corporate and Shari'ah governance
The regulatory framework for Shari'ah governance
Shari'ah governance approaches
The role of the Shari'ah Board and the mechanisms for ensuring its independence, transparency and competence
Operational procedures of Shari'ah governance
An assessment of the Shari'ah Board
Examples, case studies and practical discussions based on IFIs in Malaysia, the GCC countries of Bahrain, UAE, Qatar, Kuwait & Saudi Arabia and the UK enliven the text.