Staff View: Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities

Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities

This article explores the intricate interplay between Shariah Supervisory Boards (SSBs) and the responsibilities of bank management in shaping the performance of Islamic banks. Islamic banking, guided by the principles of Shariah, presents a distinctive model where SSBs ensure compliance with Islami...

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Main Authors:	Shah, Hassan Shakeel, Musa, Muhammad, Mohd. Zain, Nor Razinah
Format:	Article
Language:	English
Published:	Society of Management Research and Consultancy 2024
Subjects:	BPK Islamic law. Shari'ah. Fiqh HF5001 Business. Business Administration HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/116826/3/116826_%20Enhancing%20Islamic%20bank%20performance.pdf http://irep.iium.edu.my/116826/ https://journals.smarcons.com/index.php/iecs/article/view/276
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id	my.iium.irep.116826
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spelling	my.iium.irep.1168262024-12-19T03:04:27Z http://irep.iium.edu.my/116826/ Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities Shah, Hassan Shakeel Musa, Muhammad Mohd. Zain, Nor Razinah BPK Islamic law. Shari'ah. Fiqh HF5001 Business. Business Administration HG3368 Islamic Banking and Finance This article explores the intricate interplay between Shariah Supervisory Boards (SSBs) and the responsibilities of bank management in shaping the performance of Islamic banks. Islamic banking, guided by the principles of Shariah, presents a distinctive model where SSBs ensure compliance with Islamic law, conduct audits, and issue religious rulings. Simultaneously, bank management is tasked with strategic decision-making, product development, risk management, and customer relationship management. The collaboration of these two entities significantly impacts the efficiency, market competitiveness, and financial performance of Islamic banks, creating a compelling value proposition for customers and investors in the contemporary financial landscape. This synergy between SSBs and management is vital in enhancing the overall performance of Islamic banks. The objectives of this study are to discern the roles and responsibilities of both SSBs and bank management and to analyze how their collaboration influences efficiency, market competitiveness, and financial performance. Through this study, we anticipate shedding light on the critical roles of SSBs in ensuring compliance with Islamic law and their rigorous audit procedures, as well as the strategic decision-making, product development, and risk management responsibilities of bank management. The expected outcomes of this research are a holistic perspective on the cooperative efforts of SSBs and management in enhancing Islamic bank efficiency, competitiveness in the financial market, and financial performance. This collaborative approach is anticipated to result in a compelling value proposition for both customers and investors, ultimately underlining the significance of their combined influence on the performance of Islamic banks. Society of Management Research and Consultancy 2024-05-18 Article PeerReviewed application/pdf en http://irep.iium.edu.my/116826/3/116826_%20Enhancing%20Islamic%20bank%20performance.pdf Shah, Hassan Shakeel and Musa, Muhammad and Mohd. Zain, Nor Razinah (2024) Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities. Islamic Economics and Contemporary Studies, 1 (2). pp. 1-10. ISSN 3007-8326 https://journals.smarcons.com/index.php/iecs/article/view/276
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English
topic	BPK Islamic law. Shari'ah. Fiqh HF5001 Business. Business Administration HG3368 Islamic Banking and Finance
spellingShingle	BPK Islamic law. Shari'ah. Fiqh HF5001 Business. Business Administration HG3368 Islamic Banking and Finance Shah, Hassan Shakeel Musa, Muhammad Mohd. Zain, Nor Razinah Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
description	This article explores the intricate interplay between Shariah Supervisory Boards (SSBs) and the responsibilities of bank management in shaping the performance of Islamic banks. Islamic banking, guided by the principles of Shariah, presents a distinctive model where SSBs ensure compliance with Islamic law, conduct audits, and issue religious rulings. Simultaneously, bank management is tasked with strategic decision-making, product development, risk management, and customer relationship management. The collaboration of these two entities significantly impacts the efficiency, market competitiveness, and financial performance of Islamic banks, creating a compelling value proposition for customers and investors in the contemporary financial landscape. This synergy between SSBs and management is vital in enhancing the overall performance of Islamic banks. The objectives of this study are to discern the roles and responsibilities of both SSBs and bank management and to analyze how their collaboration influences efficiency, market competitiveness, and financial performance. Through this study, we anticipate shedding light on the critical roles of SSBs in ensuring compliance with Islamic law and their rigorous audit procedures, as well as the strategic decision-making, product development, and risk management responsibilities of bank management. The expected outcomes of this research are a holistic perspective on the cooperative efforts of SSBs and management in enhancing Islamic bank efficiency, competitiveness in the financial market, and financial performance. This collaborative approach is anticipated to result in a compelling value proposition for both customers and investors, ultimately underlining the significance of their combined influence on the performance of Islamic banks.
format	Article
author	Shah, Hassan Shakeel Musa, Muhammad Mohd. Zain, Nor Razinah
author_facet	Shah, Hassan Shakeel Musa, Muhammad Mohd. Zain, Nor Razinah
author_sort	Shah, Hassan Shakeel
title	Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
title_short	Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
title_full	Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
title_fullStr	Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
title_full_unstemmed	Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities
title_sort	enhancing islamic bank performance: the synergy between shariah supervisory boards and management responsibilities
publisher	Society of Management Research and Consultancy
publishDate	2024
url	http://irep.iium.edu.my/116826/3/116826_%20Enhancing%20Islamic%20bank%20performance.pdf http://irep.iium.edu.my/116826/ https://journals.smarcons.com/index.php/iecs/article/view/276
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score	13.223943

Enhancing Islamic bank performance: the synergy between Shariah supervisory boards and management responsibilities

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