Shari'ah Governance in Islamic Banks

Edinburgh Guides to Islamic Finance is a series of short guides to key areas in Islamic finance, offering an independent academic perspective and a critical treatment.

An in-depth and insightful study of Shari''ah governance from a theoretical and practical perspectivesTopics covered* The theory behind corporate and Shari''ah governance* The regulatory framework for Shari''ah governance* Shari''ah governance approaches* The Shari''ah Board''s role and how it retains its independence, transparency and competence* The operational procedures of Shari''ah governance* The effectiveness of the Shari''ah Board and how it could be improvedShari''ah governance has a profound influence on the day-to-day practice of Islamic Financial Institutions (IFIs). Each jurisdiction has adopted a different approach to developing a governance framework. This book reviews these pluralistic approaches and identifies best practice. With examples, case studies and practical discussions based on IFIs in:* Malaysia* Bahrain* UAE* Qatar* Kuwait * Saudi Arabia* The UK