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Enhancing the competence and effectiveness of Sharı‘ah advisory boards : case of Islamic Banking institutions in Pakistan
Joint Authors
Khan, Khurram
Abd al-Rashid
Ayyub, Muhammad
Shahzad, Muhammad Asghar
Ur Rahman, Habib
Source
Journal of Islamic Business and Management
Issue
Vol. 9, Issue 1 (30 Jun. 2019), pp.42-63, 22 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2019-06-30
Country of Publication
Pakistan
No. of Pages
22
Main Subjects
Financial and Accounting Sciences
Abstract EN
The objective of this paper is to make an assessment of the competence of the members of Shar¯ı‘ah Boards of the Islamic Banking Institutions (IBIs) in terms of enabling and ensuring Shar¯ı‘ah compliance of banks business.
The competency of Shar¯ı‘ah board members is considered as a critical issue in the State Banks Shar¯ı‘ah Governance Framework (SGF), which considers degree from any Waf ¯aq al-Mad¯aris as the basic qualification for their appointment.
The paper investigates into the curricula of mad¯aris (religious schools) in Pakistan and orientation of the mad¯aris graduates for understanding increasingly innovative banking and finance operations.
It also analyzes the syllabubs of the specialization/takhas.
s.us.
f¯ı al-fiqh/takhas.
s.us.
f¯ı al-ift¯a in the mad¯aris.
Some pragmatic recommendations have been made to enhance the expertise of the Shar¯ı‘ah board members in the light of SBPs Fit & Proper criteria.
This is a pioneer study discussing the scheme of studies in Pakistani mad¯aris and provides a basis for further research on this area.
American Psychological Association (APA)
Ayyub, Muhammad& Khan, Khurram& Abd al-Rashid& Shahzad, Muhammad Asghar& Ur Rahman, Habib. 2019. Enhancing the competence and effectiveness of Sharı‘ah advisory boards : case of Islamic Banking institutions in Pakistan. Journal of Islamic Business and Management،Vol. 9, no. 1, pp.42-63.
https://search.emarefa.net/detail/BIM-920537
Modern Language Association (MLA)
Ayyub, Muhammad…[et al.]. Enhancing the competence and effectiveness of Sharı‘ah advisory boards : case of Islamic Banking institutions in Pakistan. Journal of Islamic Business and Management Vol. 9, no. 1 (2019), pp.42-63.
https://search.emarefa.net/detail/BIM-920537
American Medical Association (AMA)
Ayyub, Muhammad& Khan, Khurram& Abd al-Rashid& Shahzad, Muhammad Asghar& Ur Rahman, Habib. Enhancing the competence and effectiveness of Sharı‘ah advisory boards : case of Islamic Banking institutions in Pakistan. Journal of Islamic Business and Management. 2019. Vol. 9, no. 1, pp.42-63.
https://search.emarefa.net/detail/BIM-920537
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 61-63
Record ID
BIM-920537