دور أدوات الحوكمة في تنظيم الرقابة الشرعية و تطويرها

Role of the governance Tools in the organize and development of the Shariah supervisory system

Hussein Elasrag ()

MPRA Paper from University Library of Munich, Germany

Abstract: At present in line with shariah principles several Islamic financial institutions are engaged in product development activities globally to cater the needs of a wide range of parties. However, considering the essentiality for these institutions to innovate and operate within the ambits of shariah, need of the shariah supervision cannot be over stated. This research is focused on the topic of Governance Shariah supervisory system. Among the main issues surround corporate governance in Islamic financial institutions is the role of the Sharia Supervisory). The main role of the Shariah supervisory system is to ensure the compliance of Sharia law along the entire business process. The Shariah supervisory system therefore plays a vital harmonizing role in Islamic banking, particularly with its function as the Sharia-compliance gatekeeper. The paper attempts to discuss these functions in detail and tries to shed a little light on established laws in Malaysia regarding regulations of the Shariah supervisory system and operations of Islamic financial institutions.

Keywords: Corporate governance; Sharia Governance; Sharia Supervisory; Islamic banking; Islamic finance (search for similar items in EconPapers)
JEL-codes: E5 E58 G0 G02 G18 G3 G30 (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-ara, nep-mac, nep-sea and nep-sog
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/53489/1/MPRA_paper_53489.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/53649/1/MPRA_paper_53489.pdf revised version (application/pdf)

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:pra:mprapa:53489

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().