Foundations of Shari'ah governance of Islamic banks / Karim Ginena, Azhar Hamid.

"A practical guide for robust shari'ah governance of the Islamic banking industryDebate in the market on the extent of shari'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Shari'ah Governance of Islamic Ban...

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Bibliographic Details
Main Author: Ginena, Karim
Other Authors: Hamid, Azhar
Format: eBook
Language:English
Published: Chichester, West Sussex : Wiley, 2015.
Subjects:
Online Access:Click for online access
Table of Contents:
  • Series Page; Title Page; Copyright; Table of Contents; Dedication; Foreword; Acknowledgements; Introduction; Part I: By Karim Ginena; Chapter 1: The Roots, Characteristics, and Objectives of Sharī'ah and the Islamic Economic System; Chapter Summary; 1.1 Sharī'ah, the Qur'ān, and Sunnah; 1.2 What is Fiqh?; 1.3 Performing Ijtihād and Differences in Juristic Opinions; 1.4 Sharī'ah Rulings; 1.5 The Subject of a Sharī'ah Ruling; 1.6 Characteristics of Sharī'ah; 1.7 Objectives of Sharī'ah; 1.8 The Islamic Economic System and its Characteristics; 1.9 Objectives of Sharī'ah Relating to Property.
  • Chapter 2: Corporate and Sharī'ah Governance of Islamic BanksChapter Summary; 2.1 Corporate Governance Gains Prominence; 2.2 Hisba System and an Islamic Perspective on Corporate Governance; 2.3 OECD and Islamic Principles of Corporate Governance; 2.4 Importance of Corporate Governance to Banking Sector; 2.5 The Financial Crisis and Corporate Governance Challenges; 2.6 Developing Countries and Corporate Governance Issues; 2.7 Corporate Governance Concerns for Islamic Banks; 2.8 IFSB and AAOIFI Issue Guidance; 2.9 Adapted Corporate Governance Understanding.
  • 2.10 Stakeholders of Islamic Banks and their Governance Responsibilities2.11 Connecting Risk Management, Corporate Governance, and Sharī'ah Compliance; 2.12 Sharī'ah Governance Model; 2.13 Importance of Sharī'ah Governance; 2.14 Sharī'ah Supervision vs Governance; 2.15 Sharī'ah Risk Definition; 2.16 Sharī'ah Risk and Possible Implications; 2.17 Sharī'ah Risk
  • Causes and Events; 2.18 Sharī'ah Risk Management; 2.19 Sharī'ah Compliance Responsibility of BOD and Senior Management; Appendix 2.1: Operational Risk
  • Loss Event Types; Chapter 3: Legal and Regulatory Aspects of Sharī'ah Governance.
  • Chapter Summary3.1 Institutional Arrangements; 3.2 Sharī'ah and Common Law Encounters in English Courts; 3.3 Lessons Learned from Cases and the Desirability of a Secular Interpretation of Sharī'ah; 3.4 Malaysia: A Common Law Jurisdiction of Choice?; 3.5 Role of Banking Supervisors in Sharī'ah Governance; 3.6 Regulatory Approaches to Sharī'ah Governance; Appendix 3.1: Legal and Regulatory Framework for IFSI in Jurisdictions with Known IIFS Presence; Chapter 4: The Internal Sharī'ah Control System; Chapter Summary; 4.1 Internal Sharī'ah Control
  • Definition and Objectives.
  • 4.2 Sharī'ah Control System Components4.3 Internal Sharī'ah Audit Function (ISAF); 4.4 Proficiency and Due Professional Care of ISAF Staff; 4.5 Professional Sharī'ah Audit Body; 4.6 Sharī'ah Governance Manual; Appendix 4.1: Sample Sharī'ah Governance Manual; 1.0 Sharī'ah Governance; 2.0 Sharī'ah Supervisory Board; 3.0 SSB Composition and Appointment; 4.7 Independence and Objectivity of the SSB; 5.0 "Fit and Proper" Criteria for SSB Members; 6.0 Key Duties of the SSB; 7.0 SSB Meetings; 8.0 Sharī'ah References; 9.0 Grounds for Disqualifying SSB Members.