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.