Shari'ah Governance in Islamic Banks

Shari'ah Governance in Islamic Banks PDF Author: Zulkifli Hasan
Publisher: Edinburgh University Press
ISBN: 0748668373
Category : Religion
Languages : en
Pages : 256

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Book Description
An in-depth and insightful study of Shari'ah governance from a theoretical and practical perspective

Shari'ah Governance in Islamic Banks

Shari'ah Governance in Islamic Banks PDF Author: Zulkifli Hasan
Publisher: Edinburgh University Press
ISBN: 0748668373
Category : Religion
Languages : en
Pages : 256

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Book Description
An in-depth and insightful study of Shari'ah governance from a theoretical and practical perspective

Foundations of Shari'ah Governance of Islamic Banks

Foundations of Shari'ah Governance of Islamic Banks PDF Author: Karim Ginena
Publisher: John Wiley & Sons
ISBN: 1118460774
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book offers a fresh take on how robust sharī'ah governance of Islamic banks can be successfully accomplished. It is a comprehensive resource for academics, regulators, directors, lawyers, auditors, consultants, employees, and customers of Islamic banks interested in learning more about these challenges. This essential reading persuasively extends the discourse on the subject and addresses critical sharī'ah issues that have policy implications for decision makers in jurisdictions aiming to attract the fast-growing Islamic finance industry or increase their market share.

Research in Corporate and Shari'ah Governance in the Muslim World

Research in Corporate and Shari'ah Governance in the Muslim World PDF Author: Toseef Azid
Publisher: Emerald Group Publishing
ISBN: 1789730090
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.

Edinburgh Companion to Shari'ah Governance in Islamic Finance

Edinburgh Companion to Shari'ah Governance in Islamic Finance PDF Author: Syed Nazim Ali
Publisher: Edinburgh University Press
ISBN: 1474436013
Category :
Languages : en
Pages : 480

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Book Description
Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market.

Corporate Governance in Islamic Financial Institutions

Corporate Governance in Islamic Financial Institutions PDF Author: Muhammad Umer Chapra
Publisher:
ISBN: 9789960321332
Category : Banks and banking
Languages : en
Pages : 165

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Book Description


Islamic Banking Regulation and Supervision

Islamic Banking Regulation and Supervision PDF Author: Mr.In Song
Publisher: International Monetary Fund
ISBN: 1498319270
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking.

Global Approaches to Sustainability Through Learning and Education

Global Approaches to Sustainability Through Learning and Education PDF Author: Al-Sartawi, Abdalmuttaleb M.A. Musleh
Publisher: IGI Global
ISBN: 1799800644
Category : Education
Languages : en
Pages : 371

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Book Description
Unequal distribution of wealth, poverty, pollution, and gender inequality are just a few of the problems we face and struggle to eliminate. Sustainable development offers a long-term holistic solution to these problems through meeting the needs of the current generation without endangering the capability of future generations in meeting their own needs. Sustainable education or education for sustainability is a transformative learning paradigm that prepares learners and provides them with knowledge, ethical awareness, skills, values, and attitudes to achieve sustainable goals. Global Approaches to Sustainability Through Learning and Education is a comprehensive academic publication that facilitates a greater understanding of sustainable development and fosters a culture of sustainability through learning and education. Highlighting a range of topics such as ethics, game-based learning, and knowledge management, this book is ideal for teachers, environmentalists, higher education faculty, activists, curriculum developers, academicians, researchers, professionals, administrators, and policymakers.

Handbook of Research on Theory and Practice of Global Islamic Finance

Handbook of Research on Theory and Practice of Global Islamic Finance PDF Author: Rafay, Abdul
Publisher: IGI Global
ISBN: 1799802205
Category : Business & Economics
Languages : en
Pages : 888

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Book Description
As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Growth and Emerging Prospects of International Islamic Banking

Growth and Emerging Prospects of International Islamic Banking PDF Author: Abdul Rafay
Publisher:
ISBN: 9781799834724
Category : Banking law (Islamic law)
Languages : en
Pages :

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Book Description
"This book discusses the emergence, theories, and practices of Islamic banking around the globe"--

Corporate Governance in Institutions Offering Islamic Financial Services

Corporate Governance in Institutions Offering Islamic Financial Services PDF Author: Wafik Grais
Publisher: World Bank Publications
ISBN:
Category : Account Holders
Languages : en
Pages : 46

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Book Description
This paper reviews institutions offering Islamic financial services (IIFS) corporate governance challenges and suggests options to address them. It first points out the importance of corporate governance for IIFS, where it would require a distinct treatment from conventional corporate governance and highlights three cases of distress of IIFS. It then dwells on prevailing corporate governance arrangements addressing IIFS' needs to ensure the consistency of their operations with Islamic finance principles and the protection of the financial interests of a stakeholders' category, namely depositors holding unrestricted investment accounts. It raises the issues of independence, confidentiality, competence, consistency, and disclosure that may bear on pronouncements of consistency with Islamic finance principles. It also discusses the agency problem of depositors holding unrestricted investment accounts. The paper argues for a governance framework that combines internal and external arrangements and relies significantly on transparency and disclosure of market relevant information.