Abstract
The present short paper is an attempt to anlyze the Shariah Governance of Islamic Finance. Corporate governance issues are especially important in developing economies, since these countries do not have a strong, long-established financial institution infrastructure to deal with corporate governance issues.
Highlights
The present short paper is an attempt to anlyze the Shariah Governance of Islamic Finance
Islamic financial institutions have the duty to ensure the compliance with Shariah principles in all aspects of their products, instruments, operations, practices and management which will be achieved by the establishment of a proper Shariah governance framework
Shariah supervision plays an essential role in the governance of Islamic financial institution and forms part of the principal component of the Shariah governance framework (Hamza, 2013)
Summary
The present short paper is an attempt to anlyze the Shariah Governance of Islamic Finance. Islamic financial institutions have the duty to ensure the compliance with Shariah principles in all aspects of their products, instruments, operations, practices and management which will be achieved by the establishment of a proper Shariah governance framework.
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