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SHARIAH FRAMEWORK & GOVERNANCE IN BANK ISLAM

Visitation by International Center for Development in Islamic Finance Indonesian Banking Development Institute (ICDIF-LPPI), Indonesia SHARIAH FRAMEWORK &. GOVERNANCE IN bank ISLAM . Mohd Nazri Bin Chik Assistant General Manager, SHARIAH Division 24th June 2013/ 15th Syaaban 1434. Strictly Private & Confidential TOPIC 1. Introduction to SHARIAH GOVERNANCE WHAT IS SHARIAH GOVERNANCE ? IFSB-10 Guiding Principles on SHARIAH GOVERNANCE Systems for Institutions Offering Islamic Financial Services defines: A set of institutional and organisational arrangements through which Islamic financial institutions ensure that there is an effective independent oversight of SHARIAH compliance over the issuance of relevant SHARIAH pronouncements, dissemination of information and an internal SHARIAH compliance review.

Effective date 1 January 2011 and Islamic banks are given 6 (six) months to comply with all requirements. IFI to confirm status of compliance with SGF at the end of the six

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  Bank, Governance, Framework, Shariah, Islam, Shariah framework amp governance in bank islam

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