The principles of shariah governance as practised by Islamic financial institutions

Shariah governance is a system by which Islamic financial institutions (IFI) ensure that there is an effective independent oversight of the Shariah compliance process. For some reason, Shariah governance is explored through its functional and organisational division rather than its fundamental backg...

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Bibliographic Details
Main Author: Ahmad Faizol Ismail (Author)
Format: Thesis Book
Language:English
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005 20191204090000.0
008 190520s2018 enk eng
040 |a UniSZA 
050 0 0 |a HD2741 
090 0 0 |a HD2741   |b .A363 2018 
100 0 |a Ahmad Faizol Ismail   |e author  
245 1 4 |a The principles of shariah governance as practised by Islamic financial institutions   |c Ahmad Faizol bin Ismail. 
264 0 |c 2018. 
300 |a xii, 283 leaves;   |c 30 cm. 
336 |a text  |2 rdacontent 
337 |a unmediated  |2 rdamedia 
338 |a volume  |2 rdacarrier 
502 |a Thesis (Degree of Doctor of Philosophy) -The University of Leeds,2018 
504 |a Includes bibliographical references (leaves 261-283) 
505 0 |a 1. Introduction -- 2. An examination of the Shariah Governance -- 3. Developments of standard-setters and codes of Shariah Governance -- 4. Shariah Governance models -- 5. Corporate Governance theories in perspective -- 6. Principles of Shariah Governance -- 7. Shariah Governance mechanisms -- 8. Adopting Shariah Governance system into the UK Islamic finance market: remarks and observations -- 9. Conclusion 
520 |a Shariah governance is a system by which Islamic financial institutions (IFI) ensure that there is an effective independent oversight of the Shariah compliance process. For some reason, Shariah governance is explored through its functional and organisational division rather than its fundamental background. The genesis of this field of research is somehow still lacking in effort as it is in its infancy. Currently, despite attempts have been initiated by some scholars, the members of the Islamic financial industry, whether they are practitioners, academics or policy-makers are giving more attention to industrial applications such as product structuring, managerial efficiency and market expansion. Without undervaluing those c:;pects of Islamic finance, this research is more interested in exploring the underlaying fundamentals of the Islamic finance namely on Shariah governance. To do so, this research applied doctrinal research method. The data is collected from documents relevant to research themes. It is then analysed inductively and deductively to formulate a fundamental epistemological characteristic of Shariah governance. As a result, this research emphasises that there are three main principles applied by the IFls, the aqidatic worldview , Shariah compliance and akhlaq-based ethics. Those three fundamentals are then brought into real-world implementation through three mechanisms: the governing law, the Shariah supervision and the Shariah audit. The combination of those principles and their mechanisms has demonstrated a great deal of potential in terms of implementation as manifested by this research in the UK jurisdiction. 
610 2 0 |a The University of Leeds --   |x Dissertations  
650 0 |a Banks and banking --   |x Religious aspects --   |x Islam  
650 0 |a Corporate governance  
650 0 |a Finance --   |x Religious aspects --   |x Islam  
650 0 |a Dissertations, Academic  
710 2 |a The University of Leeds  
999 |a 1000176074  |b Thesis  |c Reference  |e Badak Thesis Collection