Corporate governance in Islamic banking: shari’ah committee puzzle. Working Paper. Research Center for Islamic Economics and Finance Universiti Kebangsaan Malaysia, Bangi, Selangor. (Unpublished) (2011)
Abstract
Corporate governance in banking has been analysed almost exclusively in the context of conventional banking markets. For example, there has recently been some discussion of the role 'market discipline' exerted by bank shareholders and depositors in constraining the risk taking behaviour of bank management. For example, the introduction of Basle Accord II in 2005 gave the market power to discipline the banking institutions. At the same time, there is growing interest in, and analysis of, banks as stockholders in companies themselves playing a central role in corporate governance, especially in Germany, Japan and other countries with universal banking structures of the traditional type. By contrast, little is written on governance structures in Islamic banking, despite the rapid growth of Islamic banks since the mid 1970s and their increasing presence on world financial markets. Since, then Islamic Financial Standard Board also issued an exposure draft on corporate governance. However, the guideline suggests that the model for Islamic banking – focusing its corporate governance recommendations on transparency of investment vehicles and profit distribution rule.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Keywords: | Islamic banking |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 01 Oct 2025 08:43 |
| Last Modified: | 01 Oct 2025 08:43 |
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