According to AAOIFI Governance Standards, the Sharī'ah compliance process is always carried out by an independent division regardless of the organisational structure adopted by individual Islamic financial institutions.
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Q16: The Anglo-American model is closer and of
Q17: The scope of the Sharī'ah governance system
Q18: The board of directors lays down Sharī'ah
Q19: The prominent Sharī'ah board for the Organisation
Q20: The Franco-German model incorporates the interests of
Q22: While the internal audit department of IFIs
Q23: A report must be produced indicating whether
Q24: The Internal Sharī'ah Compliance Unit ISCU. is
Q25: According to AAOIFI's governance standards, the Sharī'ah
Q26: Diverse approaches for corporate governance in IFIs
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