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

By Azhar Hamid

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

Debate out there at the volume 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 an excellent figuring out of the topic, which has turn into a significant problem and therefore merits devoted attention.

The authors make a powerful case for the necessity to comprise the sharī'ah threat that Islamic banks event, and current a compelling argument for a way this could be performed. Ginena and Hamid suggest a strong sharī'ah governance version that comprehensively tackles thisrisk, and is helping increase the level of sharī'ah compliance of marketplace gamers. The authors aspect the interior, exterior, and institutional preparations had to advertise liable sharī'ah governance, and seriously research present legislation, rules, and practices at the subject. The chapters of the ebook 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 methods followed by way of banking supervisors, and supply examples of appropriate criminal and regulatory measures;
• Explain to financial institution administrators and administration the fiduciary accountability they imagine with recognize to sharī'ah compliance, and element how they can discharge this accountability in keeping with most sensible practices;
• Elaborate at the objective of the Sharī'ah Supervisory Board (SSB), its tasks, competence standards, inner laws, and key governance directions; also, they discover diversified SSB models;
• Describe the interior sharī'ah regulate approach together with its six elements, and think about the inner sharī'ah audit functionality in addition to diverse phases of undertaking a sharī'ah audit;
• Clarify the function of a sharī'ah auditor, with suggestions on reporting traces, scope of tasks, authority, and sensible methods on gratifying initiatives, equivalent to a pattern sharī'ah threat review grid and audit checklists;
• Discuss the newly rising exterior sharī'ah advisory companies which are anticipated to play a key function within the coming years and the prone they provide.

Through an efficient therapy of every of those components, and how that they have interaction with each other, the ebook deals a clean tackle how powerful sharī'ah governance of Islamic banks might be effectively finished. it's a entire source for teachers, regulators, administrators, attorneys, auditors, experts, staff, and consumers of Islamic banks drawn to studying extra approximately those demanding situations. This crucial studying persuasively extends the discourse at the topic and addresses severe sharī'ah matters that experience coverage implications for selection makers in jurisdictions aiming to draw the fast-growing Islamic finance or raise their marketplace share.