A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry write by Ahmad A Alkhamees. This book was released on 2017-09-18. A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry available in PDF, EPUB and Kindle. Ahmad Alkhamees defines Creative Shari‘ah compliance as compliance with the letter but not the objectives of Shari‘ah. In recent years, Islamic finance industry practises have come under scrutiny, with strong critiques levelled against many institutions that claim to provide Shari‘ah-compliant products and services, which in fact undermine the spirit and the objectives of Shari‘ah. This book significantly contributes to the sphere of Islamic finance in three main ways. First, it critically appraises justifications of creative Shari‘ah compliance practises. Second, it examines how Shari‘ah supervisory board (SSB) governance practises, and the inconsistent fatwas issued by SSBs, contribute to the issue of creative Shari‘ah compliance. Most importantly, it suggests regulatory mechanisms which regulators can employ in Islamic countries such as Saudi Arabia and in secular countries such as the United Kingdom to deal with the issue of creative Shari‘ah compliance.
A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry
A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry write by Ahmad Alkhamees. This book was released on 2017. A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry available in PDF, EPUB and Kindle. In A Critique of Creative Shari'ah Compliance in the Islamic Finance Industry Ahmad Alkhamees provides a sustained analysis of the gap between the theory and practise of Islamic finance, and suggests a regulatory mechanism for regulators in Islamic and secular countries.
A Critique of Creative Shari{u2018}ah Compliance in the Islamic Finance Industry with Reference to the Kingdom of Saudi Arabia and the United Kingdom
A Critique of Creative Shari{u2018}ah Compliance in the Islamic Finance Industry with Reference to the Kingdom of Saudi Arabia and the United Kingdom - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Critique of Creative Shari{u2018}ah Compliance in the Islamic Finance Industry with Reference to the Kingdom of Saudi Arabia and the United Kingdom write by Ahmad Alkhamees. This book was released on 2014. A Critique of Creative Shari{u2018}ah Compliance in the Islamic Finance Industry with Reference to the Kingdom of Saudi Arabia and the United Kingdom available in PDF, EPUB and Kindle.
Shari'ah Non-compliance Risk Management and Legal Documentations in Islamic Finance
Shari'ah Non-compliance Risk Management and Legal Documentations in Islamic Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Shari'ah Non-compliance Risk Management and Legal Documentations in Islamic Finance write by Ahcene Lahsasna. This book was released on 2014-04-02. Shari'ah Non-compliance Risk Management and Legal Documentations in Islamic Finance available in PDF, EPUB and Kindle. A comprehensive guide to one of the key risk management issues in the expanding field of Islamic finance For Islamic financial institutions, Sharia non-compliance is a growing and key risk that must be carefully managed. This book offers a thorough look at non-compliance risk and explains the legal documentation necessary to ensure compliance for professionals in the Islamic finance industry. In addition, the book offers helpful guidance and understanding for the legal departments of Islamic financial institutions, as well as lawyers, legal firms, Shariah advisors, Shariah officers, and students studying Islamic finance. The book covers fundamental concepts, major risk elements, tools and techniques for identifying non-compliance, legal documentation, and the impact of non-compliance, among other vital topics. Offers comprehensive coverage of the growing field of non-compliance risk management in Islamic finance Includes in-depth coverage of legal documentation Written by an expert on the topic who teaches at INCEIF, The Global University for Islamic Finance and IIUM, International Islamic University of Malaysia in Malaysia
Foundations of Shari'ah Governance of Islamic Banks
Foundations of Shari'ah Governance of Islamic Banks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Foundations of Shari'ah Governance of Islamic Banks write by Karim Ginena. This book was released on 2015-02-27. Foundations of Shari'ah Governance of Islamic Banks available in PDF, EPUB and Kindle. A practical guide for robust sharī'ah governance ofthe Islamic banking industry Debate in the market on the extent of sharī'ahcompliance of Islamic banks, their products, and activities haspiqued stakeholders' interest. In Foundations of Sharī'ahGovernance of Islamic Banks, Karim Ginena and Azhar Hamidexplore the depths of sharī'ah governance to unravelits mysterious dimensions, and equip academics and practitionerswith a solid understanding of the subject, which has become aserious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain thesharī'ah risk that Islamic banks experience, andpresent a compelling argument for how this should be done. Ginenaand Hamid propose a robust sharī'ah governance modelthat comprehensively tackles thisrisk, and helps improve the extentof sharī'ah compliance of market players. The authorsdetail the internal, external, and institutional arrangementsneeded to promote responsible sharī'ah governance, andcritically analyze current laws, regulations, and industrypractices on the topic. The chapters of the book do thefollowing: Examine the roots, characteristics and objectives ofsharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ahgovernance, explore the different approaches adopted by bankingsupervisors, and provide examples of relevant legal and regulatorymeasures; Explain to bank directors and management the fiduciary dutythey assume with respect to sharī'ah compliance, anddetail how they could discharge this responsibility in line withbest practices; Elaborate on the purpose of the Sharī'ahSupervisory Board (SSB), its responsibilities, competence criteria,internal regulations, and key governance guidelines; additionally,they explore different SSB models; Describe the internal sharī'ah control systemincluding its six components, and examine the internalsharī'ah audit function as well as different stages ofconducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, withguidance on reporting lines, scope of duties, authority, andpractical ways on fulfilling tasks, such as a samplesharī'ah risk assessment grid and auditchecklists; Discuss the newly emerging external sharī'ahadvisory firms that are expected to play a key role in the comingyears and the services they provide. Through an effective treatment of each of these elements, andthe way that they interact with one another, the book offers afresh take on how robust sharī'ah governance of Islamicbanks can be successfully accomplished. It is a comprehensiveresource for academics, regulators, directors, lawyers, auditors,consultants, employees, and customers of Islamic banks interestedin learning more about these challenges. This essential readingpersuasively extends the discourse on the subject and addressescritical sharī'ah issues that have policy implicationsfor decision makers in jurisdictions aiming to attract thefast-growing Islamic finance industry or increase their marketshare.
