Purpose: The objective of this paper is to conduct an extensive literature review on Shariah Audit practiced in Islamic Financial Institutions and finding the research gap in the existing literature.Methodology: The study is based on secondary data. The theoretical framework used in this paper...

The Islamic Banking and Finance is said to be the alternative to the conventional finance and banking system. Although it has been around for slightly more than forty years, the tremendous growth in Islamic Finance has seen the assets under management by the Islamic Financial Institutions (IFIs)...

Auditing in an Islamic framework would have wider scope than traditional auditing. In contemporary practice, the auditor is directly liable only to his clients, i.e. owners of the business being audited. He is not guided by religious principles; the quality of the managerial decisions, too, are...