WorldBank:Abstract: "This paper reviews Institutions Offering Islamic Financial Services (IIFS) corporate governance (CG) challenges and suggests options to address them. It first points out the importance of CG for IIFS, where it would require a distinct treatment from convention CG and highlights three cases of distress of IIFS.
It then dwells on prevailing CG arrangements addressing IIFS’ needs to ensure the consistency of their operations with Islamic finance principles and the protection of the financial interests of a stakeholders’ category, namely depositors holding unrestricted investment accounts...continue
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