Compliance of Islamic Financial Institutions in Pakistan with the Principles of Islamic Commercial Law: An Illusion or Reality (Views of Islamic Law Scholars)
Abstract:Sharī'ah compliance of Islamic financial institutions is one of the most important aspects of research in these days. In Pakistan, Sharī'ah compliance is made essential for Islamic Banking Institutions (IBIs) by the regulatory body, the State Bank of Pakistan (SBP). To comply with the Sharī'ah s rules and regulations, SBP, therefore, introduced a comprehensive Sharī'ah Governance Framework (SGF) in 2015. It is the duty of Sharī'ah board to ensure that transactions of the IBIs fall under the ambit of Islamic co… Show more
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