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.