Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
---|---|---|---|---|---|
Searching... | 30000010342257 | KBP940.2 Z85 2012 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
An in-depth and insightful study of Shari'ah governance from a theoretical and practical perspective.
Shari'ah governance has a profound influence on the day-to-day practice of Islamic Financial Institutions (IFIs) and each jurisdiction has adopted a different approach to developing a governance framework. Hasan Zulkifli reviews these pluralistic approaches and identifies best practice. With examples, case studies and practical discussions based on IFIs in Malaysia, the GCC countries of Bahrain, UAE, Qatar, Kuwait and Saudi Arabia and the UK.
Topics covered include
The theory behind corporate and Shari'ah governanceThe regulatory framework for Shari'ah governance Shari'ah governance approachesThe Shari'ah Board's role and how it retains its independence, transparency and competenceThe operational procedures of Shari'ah governanceThe effectiveness of the Shari'ah Board and how it could be improved
Author Notes
Zulkifli Hasan is a Senior Lecturer in the Faculty of Shari'ah and Law at the Islamic Science University of Malaysia. He has worked extensively in the Islamic finance industry as an advocate, solicitor and legal adviser and is a Shari'ah adviser.
Table of Contents
List of tables | p. viii |
List of figures | p. x |
List of statutes | p. xi |
Acknowledgements | p. xiv |
Introduction | p. 1 |
1 Corporate governance: a conventional perspective | p. 7 |
1.0 Introduction | p. 7 |
1.1 Conceptual definition | p. 8 |
1.2 Defining corporate governance in the financial-services sector | p. 9 |
1.3 Role of corporate governance | p. 10 |
1.4 Corporate governance systems | p. 12 |
1.5 Corporate governance in the financial-services sector | p. 16 |
1.6 Conclusion | p. 18 |
2 Corporate governance in Islamic financial institutions | p. 21 |
2.0 Introduction | p. 21 |
2.1 Conceptual framework of corporate governance from an Islamic perspective | p. 23 |
2.2 Role of corporate governance in IFIs | p. 25 |
2.3 The development of corporate governance in IFIs | p. 28 |
2.4 Corporate governance model from an Islamic perspective | p. 32 |
2.5 Conclusion | p. 39 |
3 The Shari'ah governance system in Islamic financial institutions | p. 45 |
3.0 Introduction | p. 45 |
3.1 Conceptual framework of Shari'ah governance systems | p. 46 |
3.2 Objectives of the Shari'ah governance system | p. 52 |
3.3 Institutionalisation of the Shari'ah board | p. 55 |
3.4 Models of Shari'ah boards | p. 59 |
3.5 Role of the Shari'ah board | p. 62 |
3.6 International standard-setting agencies | p. 67 |
3.7 Shari'ah governance process | p. 74 |
3.8 Issues and challenges | p. 85 |
3.9 Conclusion | p. 94 |
4 Regulatory framework of the Shari'ah governance system in Malaysia, GCC countries and the UK | p. 103 |
4.0 Introduction | p. 103 |
4.1 The Shari'ah governance model from a regulatory perspective | p. 104 |
4.2 Shari'ah governance systems in Malaysia, GCC countries and the UK | p. 107 |
4.3 Regulatory issues | p. 136 |
4.4 Conclusion | p. 143 |
5 The state of Shari'ah governance practices in Islamic banks | p. 149 |
5.0 Introduction | p. 149 |
5.1 Research methodology | p. 150 |
5.2 Searching the particularities of Shari'ah governance in Islamic banking | p. 152 |
5.3 Shari'ah governance index | p. 164 |
5.4 Conclusion | p. 179 |
6 Shari'ah governance disclosure in Islamic banks | p. 183 |
6.0 Introduction | p. 183 |
6.1 The state of Shari'ah governance disclosure practices | p. 184 |
6.2 Conclusion | p. 223 |
7 The way forward | p. 229 |
7.0 Introduction | p. 229 |
7.1 The way forward | p. 234 |
7.2 Epilogue | p. 260 |
Appendix: Questionnaire | p. 263 |
Abbreviations | p. 277 |
Bibliography | p. 281 |
Index | p. 305 |