Elements constituting the best practice of Shari’ah governance in Islamic Finance

Abstract

The practice of Islamic Finance Institutions (IFIs) at the global level, so far and so on, has come up with multiple and variant models of Shari’ah governance, so that it can fit in the legal and regulatory structure of different jurisdictions in line with the development level of IFI, client expectations, and market conditions. The essay explores the elements that constitute the best practice of Shari’ah governance in Islamic Finance.

Keywords

• elements constituting
• shari’ah governance
• islamic finance