Shariah Oversight in Islamic Banks
The article discusses the role of Sharia supervision in Islamic banks and the extent of its effectiveness as a genuine guarantee for the permissibility of financial transactions. It emphasizes the importance of its independence, financial expertise, and digital skills among supervisors. It clarifies that if Sharia supervision is independent and competent, it enhances adherence to Sharia standards and reduces risks, whereas supervisory procedures may become merely formalities if independence and expertise are lacking.
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