Monetary Policy, Islamic Finance, and Islamic Corporate Governance

Monetary Policy, Islamic Finance, and Islamic Corporate Governance

Author: Toseef Azid

Publisher: Emerald Group Publishing

Published: 2021-06-16

Total Pages: 275

ISBN-13: 1800437889

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Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.


Corporate Governance in Islamic Financial Institutions

Corporate Governance in Islamic Financial Institutions

Author: Hussein Elasrag

Publisher: Hussein Elasrag

Published:

Total Pages: 127

ISBN-13:

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This book is one of few papers that highlight the importance of studying corporate governance for institutions offering Islamic financial services. The book is of value in describing governance in Islamic institutions and how there are many issues under the investigation process, especially issues related to the Shari'ah Supervisory board and its functionality. One of the objectives of this paper is to discuss, and create greater awareness of, some of the crucial issues related to corporate governance in Islamic financial institutions. A second, but in fact more important, objective is to provide, in the light of this discussion, certain essential guidelines to improve corporate governance in these institutions and thereby enable them to not only maintain their momentum of growth and international acceptance but also safeguard the interests of all stakeholders. The paper gives particular attention to the mechanisms for corporate governance, including the Board of Directors, Senior Management, shareholders, depositors, and regulatory and supervisory authorities.


Research in Corporate and Shari'ah Governance in the Muslim World

Research in Corporate and Shari'ah Governance in the Muslim World

Author: Toseef Azid

Publisher: Emerald Group Publishing

Published: 2019-05-20

Total Pages: 368

ISBN-13: 1789730090

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Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.


The Foundations of Islamic Banking

The Foundations of Islamic Banking

Author: Mohamed Ariff

Publisher: Edward Elgar Pub

Published: 2011

Total Pages: 283

ISBN-13: 9781849807920

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'This wide-ranging guide to the foundations and fundamental principles of this new form of ethics-based financial practice will be of interest for regulators, practitioners, and scholars in the fields of economics, finance, money and banking.' - Islamic Horizons


An Overview of Islamic Finance

An Overview of Islamic Finance

Author: Mr.Mumtaz Hussain

Publisher: International Monetary Fund

Published: 2015-06-02

Total Pages: 35

ISBN-13: 1513565621

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Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.


Islamic Banking Regulation and Supervision

Islamic Banking Regulation and Supervision

Author: Mr.In Song

Publisher: International Monetary Fund

Published: 2014-12-12

Total Pages: 42

ISBN-13: 1498319270

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The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking.


Shari'ah Governance in Islamic Banks

Shari'ah Governance in Islamic Banks

Author: Zulkifli Hasan

Publisher: Edinburgh University Press

Published: 2012-07-26

Total Pages: 256

ISBN-13: 0748668373

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An in-depth and insightful study of Shari'ah governance from a theoretical and practical perspective


Corporate Governance and Shariah Compliance in Institutions Offering Islamic Financial Services

Corporate Governance and Shariah Compliance in Institutions Offering Islamic Financial Services

Author: Wafik Grais

Publisher: World Bank Publications

Published: 2006

Total Pages: 38

ISBN-13:

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Abstract: The structures and processes established within an institution offering Islamic financial Services (IIFS) for monitoring and evaluating Shariah compliance rely essentially on arrangements internal to the firm. By being incorporated in the institutional structure, a Shariah supervisory board (SSB) has the advantage of being close to the market. Competent, independent, and empowered to approve new Shariah-conforming instruments, an SSB can enable innovation likely to emerge within the institution. The paper reviews the issues and options facing current arrangements for ensuring Shariah compliance by IIFS. It suggests a framework that draws on internal and external arrangements to the firm and emphasizes market discipline. In issuing its fatwas, an SSB could be guided by standardized contracts and practices that could be harmonized by a self-regulatory professionals' association. A framework with the suggested internal and external features could ensure adequate consistency of interpretation and enhance the enforceability of contracts before civil courts. The review of transactions would mainly be entrusted to internal review units, which would collaborate with external auditors responsible for issuing an annual opinion on whether the institution's activities has met its Shariah requirements. This process would be sustained by reputable entities such as rating agencies, stock markets, financial media, and researchers who would channel signals to market players. This framework would enhance public understanding of the requirements of Shariah and lead to more effective options available to stakeholders to achieve improvements in Islamic financial services.