Corporate Governance and Shariah Compliance in Institutions Offering Islamic Financial Services
Corporate Governance and Shariah Compliance in Institutions Offering Islamic Financial Services
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提供伊斯兰金融服务的机构的公司治理和伊斯兰教法合规性
DOI：
10.1596/1813-9450-4054
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发表时间：
2006
期刊：
影响因子：
--
通讯作者：
Matteo Pellegrini
中科院分区：
文献类型：
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作者：
Wafik Grais;Matteo Pellegrini
在提供伊斯兰金融服务（IIFS）的机构内建立的用于监测和评估伊斯兰教法遵守情况的结构和程序主要依赖于公司内部的安排。伊斯兰教法监事会（SSB）被纳入制度结构，具有贴近市场的优势。SSB有能力，独立，并有权批准新的符合伊斯兰教法的工具，可以使创新可能在机构内出现。该文件审查了确保国际金融研究所遵守伊斯兰教法的现行安排所面临的问题和选择。它提出了一个利用企业内部和外部安排并强调市场纪律的框架。在发布其教令时，SSB可以以标准化合同和实践为指导，这些合同和实践可以由自我监管的专业人员协会进行协调。具有所建议的内部和外部特征的框架可以确保解释的充分一致性，并加强民事法院对合同的可执行性。对交易的审查将主要委托给内部审查单位，这些单位将与负责就该机构的活动是否符合伊斯兰教法要求发表年度意见的外聘审计员合作。这一过程将由信誉良好的实体，如评级机构、股票市场、金融媒体和研究人员来维持，他们将向市场参与者传递信号。这一框架将增进公众对伊斯兰教法要求的理解，并为利益攸关方提供更有效的选择，以改善伊斯兰金融服务。
The structures and processes established within an institution offering Islamic financial Services (IIFS) for monitoring and evaluating Shariah compliance rely essentially on arrangements internal to the firm. By being incorporated in the institutional structure, a Shariah supervisory board (SSB) has the advantage of being close to the market. Competent, independent, and empowered to approve new Shariah-conforming instruments, an SSB can enable innovation likely to emerge within the institution. The paper reviews the issues and options facing current arrangements for ensuring Shariah compliance by IIFS. It suggests a framework that draws on internal and external arrangements to the firm and emphasizes market discipline. In issuing its fatwas, an SSB could be guided by standardized contracts and practices that could be harmonized by a self-regulatory professionals' association. A framework with the suggested internal and external features could ensure adequate consistency of interpretation and enhance the enforceability of contracts before civil courts. The review of transactions would mainly be entrusted to internal review units, which would collaborate with external auditors responsible for issuing an annual opinion on whether the institution's activities has met its Shariah requirements. This process would be sustained by reputable entities such as rating agencies, stock markets, financial media, and researchers who would channel signals to market players. This framework would enhance public understanding of the requirements of Shariah and lead to more effective options available to stakeholders to achieve improvements in Islamic financial services.