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A reference guide to shari'ah governance in Islamic finance as practised in 17 countries Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market. Key Features Comprehensive treatment of shari'ah governance in Islamic finance Case studies of shari'ah governance practices from 17 key Islamic finance hubs: Bahrain, Bangladesh, Egypt, India, Indonesia, Iran, Kenya, Kuwait, Malaysia, Morocco, Nigeria, Pakistan, Qatar, Saudi Arabia, Sudan, Turkey, UK and Europe Presents key debates surrounding shari'ah governance practices in Islamic finance and critical analysis by leading scholars of the field Brings indigenous knowledge of Islamic finance from around the world to a wider English-language audience Sets an agenda for researchers in the fields of Islamic studies and Islamic finance, and for other social scientists studying the area of Islam and finance. Syed Nazim Ali is Director of the Research Division of the College of Islamic Studies, Hamad Bin Khalifa University, Qatar. Wijdan Tariq is based at the Faculty of Arts and Science, University of Toronto. Bahnaz Al-Quradaghi is a Researcher at the Center for Islamic Economics and Finance at the College of Islamic Studies, Hamad Bin Khalifa University, Qatar.
List of contents
Preface
Syed Nazim Ali
1. Introduction: Shari'ah Governance in Islamic Finance
Wijdan Tariq
Part I: Fundamentals of Shari'ah Governance In Islamic Finance2. Shari'ah Governance: Principles and Foundations
Ali Al-Quradaghi and Bahnaz Al-Quradaghi
3. Historical Development of Shari'ah Governance Standard and Guiding Principles
Rifaat Abdel-Karim and Umar Oseni
Part II: Case Studies of Shari'ah Governance In Practice4. Shari'ah Governance in International Sukuk Markets
Aida Othman
5. Bahrain
Mohammad Omar Farooq and Ahmed Mansoor Alkhan
6. Bangladesh
M. Kabir Hassan, Md. Hafij Ullah, and Ruma Khanam
7. Egypt
Walid Hegazy
8. India
Shariq Nisar and Umar Farooq
9. Indonesia
Rifki Ismal and Wachid Asad
10. Iran
Amin Mohseni-Cheraghlou and Amir Ahmad Zolfaghari
11. Kenya
Hanaan Balala
12. Kuwait
Jamshaid Anwar Chattha and Syed Musa Alhabshi
13. Malaysia
Mohamad Akram Laldin and Hafas Furqani
14. Morocco
Dalal Aassouli
15. Nigeria
Umar A. Oseni
16. Pakistan
Usman Hayat and Sarwat Ahson
17. Qatar
Osama Al-Dereaie, Fuaad Al-Dulaimi, Ebrahim Gamal, Muslehuddin Musab and Mohamed Nafeel
18. Saudi Arabia
Ashraf Gomma Ali, Marjan Muhammad, Beebee Salma Sairally and Safiudin Ahmad Fuad
19. Sudan
Ishraga Khattab
20. Turkey
Zeynep Topaloglu Calkan
21. United Kingdom and Europe
Samir Alamad
Part III: The Future of Shari'ah Governance in Islamic Finance22. Authenticity of Shari'ah Applications in Islamic Banks under the Principles of Corporate Governance
Abdelrahman Yousri Ahmed
23. Contemporary Shari'ah Governance Practices: A Perspective From Within The Islamic Finance Industry
Siraj Yasini
24. Juristic Authority and Financial Expertise: Politics of Translation between Shari'ah Scholars and Finance Professionals
Mahmood Ahmad and Sohaib Khan
25. Reforming Shari'ah Governance in Islamic Finance for Achieving Sustainable Development Goals
Tariqullah Khan
26. The Future of Shari'ah Governance
Zulkifli Hasan
About the author
Syed Nazim Ali is Research Professor and the Director for the Center for Islamic Economics and Finance, Qatar Faculty of Islamic Studies, at the Hamad Bin Khalifa University, Qatar Foundation. He is author or editor of numerous books including Ali, S.N. and Nisar S. (eds.) Takaful and Islamic Cooperative Finance: Challenges and Opportunities (Edward Elgar, 2016), Ali, S.N. (ed.) Shari'a-Compliant Microfinance (Routledge, 2011), and Ali, S.N. and Ali, N.N. Information Sources on Islamic Banking and Economics 1980-90 (Routledge, 1994). Wijdan Tariq is a Senior Researcher at the Center for Islamic Economics and Finance, Qatar Faculty of Islamic Studies, at the Hamad Bin Khalifa University, Qatar Foundation. He is co-editor (with Bahnaz Al Quradaghi et al) of several books published by Bloomsbury Qatar Foundation Publishing in 2015: Access to Finance and Human Development: Essays on Zakah, Awqaf and Microfinance; Islamic Economics: Theory, Policy and Social Justice; Islamic Banking and Finance: Essays on Corporate Finance, Efficiency and Product Development; Ethics, Governance and Regulation in Islamic Finance; and Financial Stability and Risk Management in Islamic Financial Institutions. Bahnaz Al Quradaghi is a Senior Researcher at the Center for Islamic Economics and Finance, Qatar Faculty of Islamic Studies, at the Hamad Bin Khalifa University, Qatar Foundation.
Summary
Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices.
