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Differences and similaritites between corporate governance principles in Islamic banks and Conventional banks

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  • Shibani, Osama
  • De Fuentes, Cristina

Abstract

The purpose of this paper is to present the some differences and similarities between corporate governance principles in Islamic banks and conventional banks by paradigmatic diversification. Since Corporate governance in Islamic banks is a social phenomenon in Islamic societies, the paper uses social theory paradigms (functionalist, interpretive, radical humanist and radical structuralist) to compare between corporate governance in Islamic banks and conventional banks. This paper demonstrates that mainstream corporate corporate governance theories are not a law of nature but a social construct.

Suggested Citation

  • Shibani, Osama & De Fuentes, Cristina, 2017. "Differences and similaritites between corporate governance principles in Islamic banks and Conventional banks," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1005-1010.
    • Handle: RePEc:eee:riibaf:v:42:y:2017:i:c:p:1005-1010
    DOI: 10.1016/j.ribaf.2017.07.036
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    References listed on IDEAS

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    3. Grais, Wafik & Pellegrini, Matteo, 2006. "Corporate governance in institutions offering Islamic financial services : issues and options," Policy Research Working Paper Series 4052, The World Bank.
    4. Kavous Ardalan, 2007. "Corporate governance: a paradigmatic look," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 34(8), pages 506-524, July.
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    6. Grais, Wafik & Pellegrini, Matteo, 2006. "Corporate governance and Shariah compliance in institutions offering Islamic financial services," Policy Research Working Paper Series 4054, The World Bank.
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    8. Abu-Tapanjeh, Abdussalam Mahmoud, 2009. "Corporate governance from the Islamic perspective: A comparative analysis with OECD principles," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 20(5), pages 556-567.
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    Cited by:

    1. Rita Wijayanti & Doddy Setiawan, 2022. "Social Reporting by Islamic Banks: The Role of Sharia Supervisory Board and the Effect on Firm Performance," Sustainability, MDPI, vol. 14(17), pages 1-25, September.
    2. Elnahass, Marwa & Salama, Aly & Trinh, Vu Quang, 2022. "Firm valuations and board compensation: Evidence from alternative banking models," Global Finance Journal, Elsevier, vol. 51(C).
    3. Nomran, Naji Mansour & Haron, Razali, 2020. "A systematic literature review on Sharı’ah governance mechanism and firm performance in Islamic banking," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 27, pages 91-123.
    4. Elnahass, Marwa & Alharbi, Rana & Mohamed, Toka S. & McLaren, Josie, 2023. "The Nexus among board diversity and bank stability: Implications from gender, nationality and education," Emerging Markets Review, Elsevier, vol. 57(C).

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