Corporate governance in Islamic financial institutions: what have we learnt?

Hisham Farag

Chapter 11 in Handbook on Corporate Governance in Financial Institutions, 2016, pp 254-276 from Edward Elgar Publishing

Abstract: Given the recent developments and growth in the Islamic finance industry during the last decade, this chapter investigates the main corporate governance characteristics of Islamic financial institutions (IFIs). Corporate governance has attracted the attention of business communities around the world after the global financial crisis. However, governance in IFIs is unique, due to the complex principal_agent problems. Therefore, governance of IFIs has gained even more attention than conventional financial institutions as a result of the concept of risk-sharing born by investment account holders (IAHs). The chapter also highlights the main regulatory bodies governing IFIs in addition to the governance mechanisms in IFIs and the principles of Shari’ah governance. Finally, the chapter analyses the main findings of academic research on the fundamental differences between conventional financial institutions and IFIs, and the main challenges facing the development of the Islamic finance industry.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/9781784711788.00020.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:16126_11

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().