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. Hasan Zulkifli reviews these pluralistic approaches and identifies best practice. With examples, case studies and practical discussions based on IFIs in Malaysia, the GCC countries of Bahrain, UAE, Qatar, Kuwait and Saudi Arabia and the UK.
Topics covered include
The theory behind corporate and Shari'ah governanceThe regulatory framework for Shari'ah governanceShari'ah governance approachesThe Shari'ah Board's role and how it retains its independence, transparency and competenceThe operational procedures of Shari'ah governanceThe effectiveness of the Shari'ah Board and how it could be improved