Shariah supervision controls of Islamic banks: a critical analytical study

• Main Authors: Saleh, Abdulmajid Obaid Hasan, Abdirasak, Alinasser, Zakariyah, Habeebullah, Taoufiq, El Amrani
• Format: Book
• Language: English; English
• Published: Springer International Publishing 2021
• Subjects: BPH Islamic Economics; HG3368 Islamic Banking and Finance; KBP Islamic Law
• Online Access: http://irep.iium.edu.my/88873/1/88873_Shariah%20supervision%20control.pdf; http://irep.iium.edu.my/88873/7/88873_Shariah%20supervision%20controls%20of%20Islamic%20banks_scopus.pdf; http://irep.iium.edu.my/88873/; https://link.springer.com/chapter/10.1007%2F978-3-030-69221-6_120
• Institution: Universiti Islam Antarabangsa Malaysia

Abstract. The current Shariah supervision in Islamic banks requires specific and organized work, based on the idea of governance and building consensus standards, and away from partial solutions, this is, due to the expansion and the development of Islamic banks. Islamic banks have expanded and branched out significantly, which requiring decision-makers from the schol-ars and administrative elites to lay new foundations that correspond to the level of this momentum, in order to build on what has been done, and move forward where the efforts ended. This research discusses a set of ideas that establish an independent institutional for Shariah supervision over Islamic banks. There are problems at the level of poor public confidence, interest groups, the absence of agreed upon Shariah standards, and the lack of unity on one vision and criteria. In this study, it was adopted the descriptive and analytical approach, by studying and analyzing the most important problems facing Shariah supervision, as well as developing scientific conclusions and solutions for Shariah supervision.