What is it about?
The purpose of this paper is to investigate the influence of board of directors (BODs) and management in the decision-making of Shariah supervisory board (SSB) and implementation of their decisions.
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Why is it important?
This study found that management of Islamic banks indirectly influences the practices and functions of SSB, their decision-making and other activities. However, from either ethical or moral ground, management cannot influence SSB; management does not have legitimate power to control over their activities. Sometimes the BODs and management use the SSB and Shariah executives as a showcase and rubber stamp to accomplish their goals and to maximize profit in either partially or fully. Management assumes that Shariah officers are accomplishing and minimizing their income and hindering business functions without any contributions.
Perspectives
This is the first research which extends the literature of the Islamic banking and Shariah governance mechanisms in perspective of Bangladesh concerning the influence of BODs and management in the decision-making of SSB and implementation of their decisions.
Dr. Muhammad Shahin Miah
Dhaka University
Read the Original
This page is a summary of: The influences of board of directors and management in Shariah governance guidelines of the Islamic banks in Bangladesh, Journal of Islamic Accounting and Business Research, February 2020, Emerald,
DOI: 10.1108/jiabr-08-2019-0155.
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