Islamic perspective of corporate governance: An introductory note
Faculty / School
School of Business Studies (SBS)
Department of Finance
Was this content written or created while at IBA?
Book or Conference Proceedings Title
Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice
Toseef Azid; Ali Abdullah Alnodel; Muhamad Azeem Qureshi
Emerald Publishing Limited
Place of Publication
Abstract / Description
The concept of corporate governance is not new for institutions and organizations. The topic came into light after the financial crisis and frauds done by the companies. The topic of Islamic finance also gained momentum. Islamic Financial Services Board, Accounting and Auditing Organization of Islamic Financial Institutions, regulatory authorities of Islamic financial institutions and Islamic financial institutions themselves paid attention to the topic of corporate governance. Governance have critical place in Islam as human beings are answerable to Allah (swt) for acts, deeds, and fulfillment of responsibilities as vicegerent. This chapter focuses on the importance of corporate governance and differences between the corporate governance from conventional and Islamic point of view. How the topic of governance was discussed during the time of Holy Prophet (PBUH), different examples of the countries focusing on corporate governance are shared in this chapter.
Saba, I. (2019), "Islamic Perspective of Corporate Governance: An Introductory Note", 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. 17-26. https://doi.org/10.1108/978-1-78973-007-420191002
Saba, I. (2019). Islamic perspective of corporate governance: An introductory note. Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice, 17-26. Retrieved from https://ir.iba.edu.pk/faculty-research-series/122
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