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Shariah governance practices at Islamic banks in Pakistan

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dc.contributor.authorGhulam Shabbir
dc.contributor.supervisorZiyaad Mahomed
dc.date.accessioned2022-08-24T02:50:56Z
dc.date.available2022-08-24T02:50:56Z
dc.date.issued2021
dc.description.abstractA significant challenge facing the Islamic banking industry in Pakistan is the scarcity of qualified Shariah scholars. Due to scarcity, the regulatory body in Pakistan has allowed Shariah Board members to serve in the Shariah Boards of up to three Islamic financial institutions. Does this create a conflict of interest as confidential corporate information may inadvertently be communicated across banks, impacting competitive advantage, or even worse, revealing private data? The situation requires a closer focus, especially when two out of three Shariah scholar members in the regulatory Shariah Advisory Committee (SAC) of State Bank of Pakistan (SBP) serve on multiple Shariah Boards of Islamic banks. This study investigates the challenges in Shariah Board appointment in Pakistan, with a focus on talent scarcity and recommendations to support the industry in resolving these issues. We also explore if the composition of Shariah Boards and the criteria for appointment of its members is adequate. Further, since Shariah Board members are financially remunerated by their respective Islamic financial institutions, the study also researches the issue of impaired independence and lack of objectivity in passing Shariah rulings by Shariah Boards.en_US
dc.identifier.citationShabbir, G. (2021). Shariah governance practices at Islamic banks in Pakistan (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3640en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3640
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2021. INCEIF
dc.sourceSGPS
dc.subjectIslamic banksen_US
dc.subjectShariah governanceen_US
dc.subjectPakistanen_US
dc.subjectProject paper (eMIF)
dc.titleShariah governance practices at Islamic banks in Pakistanen_US
dc.typeMasteren_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in physical copy (Call number: t HD 2741 S524 2021) and PDF format. Kindly email to kmc@inceif.org to access the item
ikr.topic.maintopicIslamic bankingen_US
relation.isAuthorOfPublication4f8b920e-6954-48c5-aa66-888d6fa99924
relation.isAuthorOfPublication4f8b920e-6954-48c5-aa66-888d6fa99924
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