Shari’ah governance framework in different jurisdictions

Faculty / School

School of Business Studies (SBS)

Department

Department of Finance

Was this content written or created while at IBA?

Yes

Document Type

Book Chapter

Publication Date

5-20-2019

Author Affiliation

  • Dr. Irum Saba is an Associate Professor and Program Director MS-IBF

Book or Conference Proceedings Title

Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice

ISBN/ISSN

978-1-78973-008-1

Editor(s)

Toseef Azid; Ali Abdullah Alnodel; Muhamad Azeem Qureshi

First Page

201

Last Page

208

Publisher

Emerald Publishing Limited

Place of Publication

Bingley

Abstract / Description

The prime difference between conventional and Islamic financial institutions (IFIs)is the compliance with shari'ah. Hence, shari'ah is a very crucial pillar, rather a main pillar of Islamic finance. In order to ensure shari'ah compliance by the IFIs at all levels, central banks of different countries crafted and implemented shari'ah governance framework. This chapter focusses on the cross-country comparison of shari'ah governance framework. The countries included in this chapter are Malaysia, Pakistan, the United Kingdom and Bahrain. The result shows that Malaysia and Pakistan are leading in terms of comprehensive shari'ah governance framework whereas Bahrain comes next and the United Kingdom is the last in terms of comparison.

Citation/Publisher Attribution

Saba, I. (2019), "Shari’ah Governance Framework in Different Jurisdictions", Azid, T., Alnodel, A.A. and Qureshi, M.A. (Ed.) Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice, Emerald Publishing Limited, Bingley, pp. 201-208. https://doi.org/10.1108/978-1-78973-007-420191017

Rights Information

Copyright © 2019 Emerald Publishing Limited

Link to Full Text

Find in your library

Share

COinS