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The Significance Of Corporate Governance In Islamic Banking: Enhancing Accountability And Performance

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  • MUHAMMAD ZEESHAN ASIF

    (Department of Finance, National College of Business Administration & Economics, Lahore, Pakistan)

Abstract

Corporate governance plays a pivotal role in shaping the operations and outcomes of Islamic banking institutions. This research paper delves into the importance of corporate governance within the context of Islamic banking, focusing on its role in promoting accountability and improving performance. By adopting a comprehensive and Sharia-compliant framework for corporate governance, Islamic banks can enhance their transparency, ethical behavior, and stakeholder engagement. The paper explores the principles and values underpinning corporate governance in Islamic banking, emphasizing the need for effective governance structures, board practices, risk management mechanisms, and disclosure standards. Furthermore, it highlights the impact of robust corporate governance practices on the financial stability, public trust, and long-term sustainability of Islamic banks. The findings of this research underscore the vital role of corporate governance in fostering the growth and development of Islamic banking, contributing to a more resilient and responsible financial system.

Suggested Citation

  • Muhammad Zeeshan Asif, 2022. "The Significance Of Corporate Governance In Islamic Banking: Enhancing Accountability And Performance," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(4), pages 25-32.
    • Handle: RePEc:rfh:bbejor:v:11:y:2022:i:4:p:25-32
    DOI: https://zenodo.org/records/7987827
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    References listed on IDEAS

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    1. Benjamin E. Hermalin & Michael S. Weisbach, 2012. "Information Disclosure and Corporate Governance," Journal of Finance, American Finance Association, vol. 67(1), pages 195-234, February.
    2. Muhammad Zeeshan Asif, 2022. "The Significance Of Corporate Governance In Islamic Banking: Enhancing Accountability And Performance," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(4), pages 25-32.
    3. Marc Audi & Amjad Ali, 2019. "Exploring the Linkage between Corruption and Economic Development in The Case of Selected Developing and Developed Nations," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 37-49.
    4. M. Kabir Hassan & Mervyn K. Lewis (ed.), 2007. "Handbook of Islamic Banking," Books, Edward Elgar Publishing, number 3621.
    5. Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116329, University Library of Munich, Germany, revised 2022.
    6. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
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    Cited by:

    1. Muhammad Zeeshan Asif, 2022. "The Significance Of Corporate Governance In Islamic Banking: Enhancing Accountability And Performance," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(4), pages 25-32.

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