TY  - BOOK
AU  - Jan,Shafiullah
TI  - Shariah governance in Islamic banking institutions
T2  - Islamic business and finance
SN  - 9781032350028
AV  - HG3368 .S43 2023
U1  - 332.10917/67 23/eng/20230216
PY  - 2023///
CY  - New York
PB  - Routledge
KW  - Banks and banking
KW  - Religious aspects
KW  - Islam
KW  - FINANCE
KW  - Islamic law
N1  - Includes bibliographical references and index
N2  - "Shariah governance assumes the primary instrument through which Islamic Banking Institutions (IBIs) ensure the Islamicity of their products, services, operations, and internal environments. It is considered to be one the fundamental elements that differentiates IBIs from their traditional counterparts. This book provides a critical overview of the key aspects pertaining to Shariah governance within Islamic financial institutions and presents a detailed analysis of its conceptual background. The authors have identified the unique issues, which have emerged as a result of the integration of Shariah, namely the involvement of the Shariah supervisory board (SSB), in the corporate governance arrangements of Islamic banks. These issues relate to disclosure, transparency, independency, consistency, confidentiality, competency, and reputation. The book details the doctrines of Shariah pronouncements in Islamic banks, the importance of having a central advisory board at a regulatory level in the standardization of Islamic banking practices, as well as the competence required for Shariah supervisory board members. It provides a critical analysis of the Shariah governance framework in Pakistan and introduces the authors' vision of an ideal Shariah governance framework. Furthermore, the chapters offer guidance in promoting effective policies for improving Shariah governance. This is one of the core challenges facing Islamic banks, namely, to ensure compliance with the faith and provide legitimacy to the business of Islamic Banking Institutions and as such, the book will appeal to both the research and professional community"--
ER  -