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The Study of Supervision and Control in Islamic Financial Management

Author

Listed:
  • Mahdi Saghafi
  • Alireza Amirabadi

Abstract

The purpose of this research is studying the supervision and control of juristic views in Islamic financial. In Islam, evaluation, audit and other terms used to describe the monitoring and control has been discussed widely. The three authorities of the Islamic government surveillance of workers and managers include God, Imam and the people. In this research firstly supervision pyramid and kinds of supervision and control of Islamic management, the importance of inner supervision (self-control) in the view of Holy Quran, Prophet Muhammad, and Imam Ali, and stages of control and supervision will be discussed by mining the documents and studying the available texts. Then penitence, as a corrective action and its importance in Islam, and actions followed by controlling and supervising will be studied, and finally we have proposed a pattern of supervision and control while showing the importance and necessity of supervisor characteristics.

Suggested Citation

  • Mahdi Saghafi & Alireza Amirabadi, 2016. "The Study of Supervision and Control in Islamic Financial Management," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(7), pages 404-415.
    • Handle: RePEc:asi:aeafrj:v:6:y:2016:i:7:p:404-415:id:1494
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