Shari’ah governance for Islamic banking: evidence from diverse regulatory environments
Due to the rapid global growth in Islamic banking and finance industry, supervisory authorities in many countries have developed different Shari’ah governance (SG) regulatory systems to regulate this industry. However, the current SG practices across jurisdictions still suffer from some drawbacks....
| Main Authors: | , |
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| Format: | Book Chapter |
| Language: | English |
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IGI Global
2020
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| Online Access: | http://irep.iium.edu.my/78774/ http://irep.iium.edu.my/78774/1/78774_Shari%E2%80%99ah%20governance%20for%20Islamic%20banking.pdf |
| _version_ | 1848788665159909376 |
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| author | Haron, Razali Nomran, Naji |
| author_facet | Haron, Razali Nomran, Naji |
| author_sort | Haron, Razali |
| building | IIUM Repository |
| collection | Online Access |
| description | Due to the rapid global growth in Islamic banking and finance industry, supervisory authorities in many countries have developed different Shari’ah governance (SG) regulatory systems to regulate this industry.
However, the current SG practices across jurisdictions still suffer from some drawbacks. This chapter highlights some issues related to the differences across jurisdictions in adopting various SG regulatory practices and supports the discussion using descriptive analysis. The findings indicate that Islamic banks (IBs) demonstrate higher levels of financial performance, on average, when located in regulated jurisdictions, in jurisdictions that restrict cross-membership of scholars in Shari’ah Supervisory Boards (SSBs), and in jurisdictions adopting Centralized supervision model (CSGM). The findings also show that IBs in jurisdictions adopting Reactive regulatory model report the worst performance in comparison with the other models (Passive, Pro-active, Interventionist and Minimalist). |
| first_indexed | 2025-11-14T17:44:26Z |
| format | Book Chapter |
| id | iium-78774 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:44:26Z |
| publishDate | 2020 |
| publisher | IGI Global |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-787742020-06-19T03:15:59Z http://irep.iium.edu.my/78774/ Shari’ah governance for Islamic banking: evidence from diverse regulatory environments Haron, Razali Nomran, Naji HG3368 Islamic Banking and Finance Due to the rapid global growth in Islamic banking and finance industry, supervisory authorities in many countries have developed different Shari’ah governance (SG) regulatory systems to regulate this industry. However, the current SG practices across jurisdictions still suffer from some drawbacks. This chapter highlights some issues related to the differences across jurisdictions in adopting various SG regulatory practices and supports the discussion using descriptive analysis. The findings indicate that Islamic banks (IBs) demonstrate higher levels of financial performance, on average, when located in regulated jurisdictions, in jurisdictions that restrict cross-membership of scholars in Shari’ah Supervisory Boards (SSBs), and in jurisdictions adopting Centralized supervision model (CSGM). The findings also show that IBs in jurisdictions adopting Reactive regulatory model report the worst performance in comparison with the other models (Passive, Pro-active, Interventionist and Minimalist). IGI Global 2020 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/78774/1/78774_Shari%E2%80%99ah%20governance%20for%20Islamic%20banking.pdf Haron, Razali and Nomran, Naji (2020) Shari’ah governance for Islamic banking: evidence from diverse regulatory environments. In: Growth and Emerging Prospects of International Islamic Banking. Advances in Finance, Accounting, and Economics (AFAE) . IGI Global, Hershey PA, USA, pp. 213-244. ISBN 9781799816119 (hardcover), 9781799834724 (softcover) https://www.igi-global.com/gateway/chapter/249042#pnlRecommendationForm 10.4018/978-1-7998-1611-9.ch012 |
| spellingShingle | HG3368 Islamic Banking and Finance Haron, Razali Nomran, Naji Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title | Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title_full | Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title_fullStr | Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title_full_unstemmed | Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title_short | Shari’ah governance for Islamic banking: evidence from diverse regulatory environments |
| title_sort | shari’ah governance for islamic banking: evidence from diverse regulatory environments |
| topic | HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/78774/ http://irep.iium.edu.my/78774/ http://irep.iium.edu.my/78774/ http://irep.iium.edu.my/78774/1/78774_Shari%E2%80%99ah%20governance%20for%20Islamic%20banking.pdf |