Shari'ah governance framework of Islamic banking in Oman /

Shari'ah compliance is the backbone for the activities and governance of Islamic banking and finance. IFIs are required to ensure sound Sharī'ah governance to achieve their target in ensuring a solid Shari'ah compliance mechanism. Oman adopted a Shariah governance framework that is ve...

Full description

Saved in:
Bibliographic Details
Main Author: Alnofli, Abdulrahman (Author)
Format: Thesis
Language:English
Published: Kuala Lumpur : IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, 2020
Subjects:
Online Access:Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library.
Tags: Add Tag
No Tags, Be the first to tag this record!
LEADER 034220000a22003370004500
008 201001s2020 my a f m 000 0 eng d
040 |a UIAM  |b eng  |e rda 
041 |a eng 
043 |a a-my--- 
100 1 |a Alnofli, Abdulrahman,  |e author 
245 1 |a Shari'ah governance framework of Islamic banking in Oman /  |c by Abdulrahman Alnofli 
264 1 |a Kuala Lumpur :   |b IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia,   |c 2020 
300 |a xv, 176 leaves :  |b illustrations ;  |c 30cm. 
336 |2 rdacontent  |a text 
337 |2 rdamedia  |a unmediated 
338 |2 rdacarrier  |a volume 
500 |a Abstracts in English and Arabic. 
500 |a "A thesis submitted in fulfilment of the requirement for the degree of Doctor of Philosophy in Islamic Banking and Finance." --On title page. 
502 |a Thesis (Ph.D)--International Islamic University Malaysia, 2020. 
504 |a Includes bibliographical references (leaves 151-163). 
520 |a Shari'ah compliance is the backbone for the activities and governance of Islamic banking and finance. IFIs are required to ensure sound Sharī'ah governance to achieve their target in ensuring a solid Shari'ah compliance mechanism. Oman adopted a Shariah governance framework that is very similar with other countries such as Malaysia, Pakistan, and Bahrain. Therefore, there is a very high potential that the same issues of Shariah governance apply to in Oman too. This study aims to examine the current practice of Shari'ah governance in Oman from the perspectives of Shari'ah advisors, bankers and regulators. The study focuses on the present practice of Shari'ah governance framework and related issues such as independence, competency and disclosure. The study used descriptive research method in terms of collecting secondary data and information for the literature review. Since the availability of data and information on Shari'ah governance practices in Oman is very limited, a semi-structured interview was conducted with Shari'ah advisors, officers and regulators to explore their perceptions on Sharī'ah governance and related issues. The findings of the study reveal that the regulators have put in place an excellent Sharī'ah governance framework and it is considered one of the best frameworks in Islamic banking industry. However, there are shortcomings and weaknesses in the current practice of Sharī'ah governance framework such as lack of experience, lack of research in the field of Islamic banking and finance and low position of internal Shari'ah review. The study suggests that Intensive training should be organized by the CBO for the Omani members of SSB in the field of Islamic banking and finance. 
596 |a 4 
655 7 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Institute of Islamic Banking and Finance  |z IIUM 
700 0 |a Engku Rabiah Adawiah,  |e degree supervisor 
700 0 |a Rusni Hassan,  |e degree supervisor 
710 2 |a International Islamic University Malaysia.  |b Institute of Islamic Banking and Finance. 
856 4 |u http://studentrepo.iium.edu.my/handle/123456789/10208  |z Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library. 
900 |a sz to nzj 
999 |c 439311  |d 470648 
952 |0 0  |6 XX(563889.10)  |7 0  |8 THESES  |9 762794  |a IIiBFL  |b IIiBFL  |c CLOSEACCES  |g 0.00  |o XX(563889.10)  |p 11100424014  |r 1900-01-02  |t 1  |v 0.00  |y THESIS