What is it about?
This study investigates the relationship between governance dimensions and the level of commitment to the Shariah (Islamic law) governance framework in Saudi banks. To understand the intricacies of governance dimensions in shaping Shariah governance practices in depth. This study examines the mediating role of executive procedures between governance dimensions and commitments to the Shariah governance framework.
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Why is it important?
The findings of this study underscore the significance of the availability of executive procedures and disclosure and transparency in fostering Shariah compliance, with both constructs exhibiting substantial direct effects on compliance levels. Additionally, monitoring, auditing, and accountability emerged as a crucial determinant of compliance, highlighting the importance of robust oversight mechanisms in ensuring adherence to Shariah principles.
Perspectives
I hope this study contributes to the growing body of literature on governance and compliance within Islamic finance, providing actionable insights for banking institutions, regulatory authorities, and policymakers. By emphasizing the pivotal role of governance mechanisms in shaping compliance with Shariah principles, this research informs strategic decision-making and policy formulation aimed at fostering ethical and sustainable financial practices.
Dr. Mohamed Sharif Bashir
Imam Mohammad Ibn Saud Islamic University
Read the Original
This page is a summary of: Governance dimensions and commitment to Shariah governance in Saudi banks: The mediating role of executive procedures for governance framework, January 2024, Virtus Interpress,
DOI: 10.22495/cgrapp3.
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