Corporate Governance Practice in Islamic Financial Institutions

This book examines corporate governance for Islamic financial institutions including Shariah governance. It begins with the meaning of corporate governance, roles of board of directors and law and practices for company meetings. Corporate governance practices are discussed in the context of IFIs operating Islamic finance including Islamic banking, takaful and Islamic capital market. Shariah governance aspects, which is part of corporate governance organ of the IFIs, is discussed in line with the Malaysian guidelines on Shariah Governance Framework, and also the international standards on corporate governance issued by Islamic Financial Services Board (IFSB) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).