SSB (or in some Islamic financial institutions known as shariah committee), is one of the most important governance mechanism of an IFI to ensure compliance with shariah. Compliance with shariah is the distinctive characteristic of an IFI as compared to conventional financial institutions....

Shari'ah governance has a profound influence on the day-to-day practice of Islamic Financial Institutions (IFIs). Realizing the importance of Shari'ah governance in IFIs, each jurisdiction has adopted different approaches to developing and nurturing its Shari'ah governance framework. In view of...

The objective of this article is to highlight the impact of regulatory issues of the Shari'ah Supervisory Board (SSB) on Shari'ah compliance in the contemporary Islamic finance industry. For institutions offering Islamic Financial Services (IIFS) to gain the trust of their Muslim clients,...

Objective - The objective of the study is to analyze the application of Islamic Corporate Governance (ICG) on Sustainable Business, focusing on Islamic Financial Performance as a mediating variable in Islamic Banks in Indonesia.Methodology/Technique - The population and sample in the study...

In this paper we study the effect of an Islamic label on corporate governance. Listed firms with an Islamic label (Islamic firms) are characterized by low leverage. Because recent evidence indicates that leverage can act as a substitute for good governance, it is tempting to expect these Islamic...

This article presents recent developments on legal issues associated with corporate governance in the Islamic finance industry based on a contractual pyramid. It presents the Islamic corporate governance (ICG) model and discusses its viability in a 21st-century corporate structure. The model is...

The recent financial crises (including the Asian and subprime crises) indicated the need to reinforce corporate governance mechanisms in emerging and developing market economies. Corporate governance refers to all the factors that affect firm processes (including, among others, financing...