The role of key functions of Shariah governance in Islamic financial institutions (IFIs)‎

Other Title(s)

دور الوظائف الأساسية للحوكمة الشرعية في المؤسسات المالية الإسلامية

Joint Authors

Ali, Engku Rabiah Adawiah Engku
al-Nufli, Abd al-Rahman

Source

International Journal of Fiqh and Usul Al-fiqh Studies

Issue

Vol. 4, Issue 1 (31 Jan. 2020), pp.98-107, 10 p.

Publisher

International Islamic University Malaysia Kulliyah of Islamic Revealed Knowledge and Human Sciences Department of Fiqh and Usul al-Fiqh

Publication Date

2020-01-31

Country of Publication

Malaysia

No. of Pages

10

Main Subjects

Marketing

Abstract EN

A solid governance in Islamic financial institutions (IFIs) is reflected in their efficient and sound operations.

Due to the significant role of Sharī‘ah governance in enhancing and developing the operations and transactions of IFIs according to Sharī‘ah rules and principles, every IFI must have a sound Sharī‘ah governance framework.

The key players of this governance should be defined and mentioned clearly.

This paper discusses the role of key functions of Sharī‘ah governance in IFIs such as the Sharī‘ah Supervisory Board (SSB), Sharī‘ah review and Sharī‘ah audit.

Moreover, this paper provides brief information about models of Sharī‘ah governance worldwide.

The main objective of this study is to provide a clear insight about the key elements of Sharī‘ah governance in IFIs.

In order to give this clear insight of the Sharī‘ah governance models, this study describes radically different models of Sharī‘ah governance, and focuses on their similarities and differences.

American Psychological Association (APA)

al-Nufli, Abd al-Rahman& Ali, Engku Rabiah Adawiah Engku. 2020. The role of key functions of Shariah governance in Islamic financial institutions (IFIs). International Journal of Fiqh and Usul Al-fiqh Studies،Vol. 4, no. 1, pp.98-107.
https://search.emarefa.net/detail/BIM-965658

Modern Language Association (MLA)

al-Nufli, Abd al-Rahman& Ali, Engku Rabiah Adawiah Engku. The role of key functions of Shariah governance in Islamic financial institutions (IFIs). International Journal of Fiqh and Usul Al-fiqh Studies Vol. 4, no. 1 (Jan. 2020), pp.98-107.
https://search.emarefa.net/detail/BIM-965658

American Medical Association (AMA)

al-Nufli, Abd al-Rahman& Ali, Engku Rabiah Adawiah Engku. The role of key functions of Shariah governance in Islamic financial institutions (IFIs). International Journal of Fiqh and Usul Al-fiqh Studies. 2020. Vol. 4, no. 1, pp.98-107.
https://search.emarefa.net/detail/BIM-965658

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 106-107

Record ID

BIM-965658