Effective risk based supervision through sharia supervisory board

Author

Ismail, Abd al-Ghaffar B.

Edition

1 ed.

Publisher

Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)

Publication Date

2014-12-31

Country of Publication

Saudi Arabia

No. of Pages

14

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Risk management
• Shariah censorship
• Islamic Banks
• Sharia Supervisory Board

English Abstract

This paper seeks to provide a framework for addressing supervisory issues which impact operations and institutional development of Islamic banks.

We argue against universal supervision or creating separate specialized supervisions, the approach in this paper uses the risk based supervisory framework to highlight the need to supervise Islamic banks and focuses on the issues of supervision that need to be highlighted.

The findings show that issues of supervisions still intact: what is supervision, and how it is different from regulation; what supervision seeks to achieve; and the philosophy behinds the supervision.

Although, the findings also show that the current approach and framework of supervision is able to produce a sound and stable Islamic banks, but the establishment of SSB produces an additional tool for strengthening supervisory framework.

Table of Contents

• APA
• MLA
• AMA

Language

English

Document Type

Book

Notes

Includes bibliographical references

Record ID

BIM-654637