Sharia Assurance in the Islamic Financial and Banking Industry : An Analytical and Comparative Study

Abstract

ABSTRACT : current the of study library-based a present tO aims reseach This in frameworks supervision naåmal main and govemance sharia institutional United the ,Bahrain 0f Kingdom the ,namely ,countnes MusIim selected the and ,Oman of Sultanate the ,Kuwait of State the ,(Dubai) Emirates Arab .Ma/aysia of Federation sharia of aspects important of practices diverse cornparing and AnaIysing a of existence the that argues study the ,supervision and governance both at essential is assurance sharia for frame',vork comprehensive sharia institutonal current the that arWes lt levels national and insåtutional does ,tools internal on relying ,supervision sharia national and governance financial the of assLrance compliance sufficient with customers provide not serious raises potentially it ,lnstead .sharia with activitjes itS and instjtutjon the from resulting mainly ,concems operational and issues governance ,supervision sharia-compliance of scope the .scholars sharia of shortage of conflicts and independence ,auditors external of use and concept the the and ,pronouncements its and SSB the of status legal ,interest .B. the of accountablity of nurnber a 0f eficacy the discusses and undedines thesis the ,Further These .levels intemational and national ,institutional at solutions practical and governance sharia for measures extemal and intemd represent the .schows sharia of roles of segregaton the mainly .supervision sharia for body professional global a .consultancies sharia of emergence the and ,system rating sharia intemational an of establishment the ,scholars .centraltsation of trend emerging the pronx(tes and notes thesis the ,solutions proposed the 0f evaluation ln the at supervision and governance sharia of centralisation of trend grow•ing concerns main the nnimizing in help tO belveved iS wfiich .level national of model emerging whtch seen be to remains it ,Nonetheless .underlined be tO prove muld countries Muslim seiected the in authority shana central .regard this in efficient more .