A detailed model and checklist for effective corporate governance in Islamic finance. Despite the rapid growth of the Islamic finance sector in the last ten years, and its increasing presence in global financial markets, the Islamic finance industry still lacks a cohesive corporate governance structure. In order to promote the sector's continued expansion, corporate governance, aspects of which include internal controls; risk management; transparency; loan accounting and disclosure; Shari'ah clearance and audit; external audit and prudential regulation and supervision, must be improved.

A detailed model and checklist for effective corporate governance in Islamic finance With more than 360 financial institutions worldwide adhering to Islamic banking and finance principles, understanding those principles is more important than ever for auditors, lawyers, CEOs, and other banking and finance professionals. Covering key issues in governance such as the rights of shareholders and stockholders, ownership functions, accountability and transparency, and enforcement authorities, this book fills a gap in the current literature on this growing sector of finance. * Offers an effective model for corporate governance according to Islamic finance practice * Written by an Islamic finance consultant and Shari'ah scholar