Download E-books Foundations of Shari'ah Governance of Islamic Banks (The Wiley Finance Series) PDF

By Azhar Hamid

A useful consultant for strong sharī'ah governance of the Islamic banking industry

Debate out there at the quantity of sharī'ah compliance of Islamic banks, their items, and actions has piqued stakeholders' curiosity. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid discover the depths of sharī'ah governance to solve its mysterious dimensions, and equip teachers and practitioners with a fantastic knowing of the topic, which has develop into a significant problem and hence merits devoted attention.

The authors make a powerful case for the necessity to include the sharī'ah chance that Islamic banks event, and current a compelling argument for the way this could be performed. Ginena and Hamid suggest a powerful sharī'ah governance version that comprehensively tackles thisrisk, and is helping increase the level of sharī'ah compliance of industry gamers. The authors aspect the interior, exterior, and institutional preparations had to advertise accountable sharī'ah governance, and severely examine present legislation, rules, and practices at the subject. The chapters of the publication do the following:

  • Examine the roots, features and goals of sharī'ah and its relation to monetary dealings;
  • Probe the position of regulators in sharī'ah governance, discover the several ways followed through banking supervisors, and supply examples of correct felony and regulatory measures;
  • Explain to financial institution administrators and administration the fiduciary responsibility they think with admire to sharī'ah compliance, and element how they can discharge this accountability based on most sensible practices;
  • Elaborate at the goal of the Sharī'ah Supervisory Board (SSB), its obligations, competence standards, inner laws, and key governance instructions; also, they discover diverse SSB models;
  • Describe the inner sharī'ah keep an eye on procedure together with its six parts, and view the interior sharī'ah audit functionality in addition to assorted phases of accomplishing a sharī'ah audit;
  • Clarify the function of a sharī'ah auditor, with counsel on reporting traces, scope of tasks, authority, and sensible methods on pleasant projects, resembling a pattern sharī'ah chance evaluation grid and audit checklists;
  • Discuss the newly rising exterior sharī'ah advisory agencies which are anticipated to play a key position within the coming years and the prone they provide.

Through an efficient therapy of every of those parts, and how that they have interaction with each other, the e-book bargains a clean tackle how powerful sharī'ah governance of Islamic banks could be effectively complete. it's a entire source for teachers, regulators, administrators, legal professionals, auditors, specialists, staff, and buyers of Islamic banks attracted to studying extra approximately those demanding situations. This crucial analyzing persuasively extends the discourse at the topic and addresses serious sharī'ah concerns that experience coverage implications for determination makers in jurisdictions aiming to draw the fast-growing Islamic finance or bring up their marketplace share.

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