 |
| Islamic Finance: Institutions, Industry, Governance |
Shari'ah Governance (SG)
The 3rd chapter, "Shari'ah Governance (SG)," from the book "Islamic Finance: Institutions, Industry, Governance," constitutes the bedrock of the Islamic finance industry, ensuring compliance with Islamic principles and fostering trust among stakeholders. This chapter deals with the critical dimensions of Shari'ah Governance (SG) within Islamic Financial Institutions (IFIs) and the Islamic Financial Services Industry (IFSI). It explores global standards set by prominent organizations like the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB), examining their specific guidelines and their impact on industry practices.
Furthermore, the chapter analyzes the role of key players in
Shari'ah governance, including Shari'ah Boards (SBs), Shari'ah Supervisory
Boards (SSBs), and Fatwa Councils. It dissects the core elements of an effective
Shari'ah Governance Framework (SGF), encompassing governance structure, the
role of Shari'ah scholars, and the crucial principles, objectives, and values
that guide industry operations.
This chapter also addresses the challenges and considerations faced by IFIs and IFSI in implementing and maintaining robust Shari'ah governance systems. It examines the potential impacts of effective Shari'ah governance on industry growth, risk management, and overall reputation, while also offering recommendations for continuous improvement and best practices. By understanding the intricacies of Shari'ah governance, stakeholders can contribute to the growth of the Islamic finance industry.
Order Your Copy Here
____________
#IslamicFinance #Shari'ahGovernance #SG #IslamicFinancialServicesIndustry #IFSI #IslamicFinancialInstitutions #IFIs #global #standards #SGF #ShariahGovernanceFramework #AAOIFI #AccountingandAuditingOrganizationforIslamicFinancialInstitutions #IFSB #IslamicFinancialServicesBoard #SSB #ShariahSupervisoryBoard
____________
Our Publications
Islamic Finance: Institutions, Industry, Governance
 |
| Islamic Finance: Institutions, Industry, Governance |
%20-%201.jpg)
){kind=link}