THE SIGNIFICANCE OF CORPORATE GOVERNANCE IN ISLAMIC BANKING: ENHANCING ACCOUNTABILITY AND PERFORMANCE

Muhammad Zeeshan Asif
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Muhammad Zeeshan Asif: Department of Finance, National College of Business Administration & Economics, Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2022, vol. 11, issue 4, 25-32

Abstract: Corporate governance plays a pivotal role in shaping the operations and outcomes of Islamic banking institutions. This research paper delves into the importance of corporate governance within the context of Islamic banking, focusing on its role in promoting accountability and improving performance. By adopting a comprehensive and Sharia-compliant framework for corporate governance, Islamic banks can enhance their transparency, ethical behavior, and stakeholder engagement. The paper explores the principles and values underpinning corporate governance in Islamic banking, emphasizing the need for effective governance structures, board practices, risk management mechanisms, and disclosure standards. Furthermore, it highlights the impact of robust corporate governance practices on the financial stability, public trust, and long-term sustainability of Islamic banks. The findings of this research underscore the vital role of corporate governance in fostering the growth and development of Islamic banking, contributing to a more resilient and responsible financial system.

Keywords: Corporate governance; Islamic banking; Accountability; Performance; Sharia-compliant framework (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:11:y:2022:i:4:p:25-32

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