Shariah governance and audit in the Islamic banks: a literature review

Saleh, Abdulmajid Obaid Hasan and Alsirhani, Seed Mari M. and Muayyad, Deden Misbahudin (2023) Shariah governance and audit in the Islamic banks: a literature review. In: AI and Business, and Innovation Research: Understanding the Potential and Risks of AI for Modern Enterprises. Studies in Systems, Decision and Control (440 (Vol)). Springer Nature, Switzerland, pp. 823-831. ISBN 978-3-031-42084-9

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Abstract

The implementation of Shariah governance by the Shariah Supervisory Board (SSB) is critical to overseeing and directing the IB’s activities and ensuring their integrity, credibility, and transparency. Islamic banks will not be able to operate in accordance with Shariah if they do not follow proper Shariah governance processes. The purpose of this study is to investigate the Sharia governance prac-tices of Islamic banks. Moreover, over 30 years ago, as the Islamic financial industry developed, Shariah testing became an issue. However, it is difficult to obtain reports describing the current state of Shariah research. Therefore, it is important to eval-uate studies on Shariah testing. Therefore, the aim of this study was to assess and present the current state of Sharia auditing using an inductive approach. In addition, we analyze relevant previous literature to evaluate and evaluate Shariah governance and auditing in Islamic banking. The findings of this study show that Islamic law auditing and governance have a significant impact on the performance of Islamic banks.

Item Type:	Book Chapter
Uncontrolled Keywords:	Shariah governance framework ·Shariah supervisory board (SSB) ·Shariah audit ·Shariah committee ·Islamic banks
Subjects:	BPC Science and Technology in Islam BPH Islamic Economics BPH Islamic Economics > BPH741 Waqf
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Abdulmajid Obaid Hasan Saleh
Date Deposited:	15 Jan 2024 16:47
Last Modified:	06 Feb 2024 13:21
URI:	http://irep.iium.edu.my/id/eprint/110134

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