The prudential supervision of Islamic banks as hedging instrument from the economical crisis

Abstract

The issues of prudential supervision ofIslamic financial institutes, including work of Islamic audit and Sharia Supervisory Board, are considered in the article. Besides, the main principles ofIslamic audit and its problems are given in the article. Conceptual issues of work ofSharia Supervisory Board used in supervisory practice are also analyzed here.

Keywords

• islamic banking
• banking regulations
• banking supervision
• prudential supervision
• arab countries
• financial market
• islamic audit