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Assignment on Islamic banking with focus on Shari’ah Supervisory Board (SSB)

Number of Words : 5112

Number of References : 11

Contents

 Introduction 2
 Islamic Banking 3
 Shari’ah 5
 Shari’ah Supervisory Board 10
 Shari’ah Review 14
 Audit by SSB 18
 Shari’ah Research 19
 Risk Management. 20
 Conclusion 21
 References 22

Description

This paper answers the following question – <br />1. In Islamic banking practice, the management of a bank has the responsibility to comply with the rules and requirements of the Shari’ah. To fullfill this responsibility, management appoints a Shari’ah Supervisory Board (SSB) or in the case of Malaysia, Shari’ah Committee to help with the task.<br />a. What are the tasks the SSB is required to perform? <br />b. Briefly outline the procedures involved in a Shari’ah review conducted by the SSB/Shari’ah Committee. <br />

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