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Shari’ah supervision in the Yemeni Islamic banks: a qualitative survey

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dc.citedby4
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.affiliationsEffat University
dc.contributor.authorAyedh A.M.en_US
dc.contributor.authorEchchabi A.en_US
dc.date.accessioned2024-05-28T08:29:16Z
dc.date.available2024-05-28T08:29:16Z
dc.date.issued2015
dc.description.abstractPurpose – The purpose of this study is mainly to comprehensively investigate the current practices of Islamic banks’ Shari’ah supervisory boards in the specific context of Yemen. Design/methodology/approach – The study uses a qualitative approach in the form of in-depth interviews of a number of Shari’ah scholars active within the Yemeni Islamic banks. Findings – The findings support the notion that Islamic banking still lacks regulations and standards, as the Yemeni Islamic banks are still following the minimum requirements and only apply the compulsory standards. Another key finding is that Islamic banks in Yemen apply similar principles in Fatwa issuance and Shari’ah compliance assurance, especially in referring to the different Madzhabs’ and scholars’ opinions because of the sensitivity of Yemeni community with regards to the Shari’ah compliance aspect. Finally, the procedure of Shari’ah review of the Islamic banks’ operations varied from the typical set of procedures to the loose ones in terms of the number of staff in the Shari’ah audit department and the application of a comprehensive survey or sampling to review the banks’ transactions. Originality/value – This study provides some valuable recommendations to further enhance the Shari’ah supervisory practices not only in Yemen but also in similar settings.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1108/QRFM-06-2014-0017
dc.identifier.epage172
dc.identifier.issn17554179
dc.identifier.issue2
dc.identifier.scopus2-s2.0-84996564757
dc.identifier.spage159
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84996564757&doi=10.1108%2fQRFM-06-2014-0017&partnerID=40&md5=80eecdf6497485401fbf5255e5b45457
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/8896
dc.identifier.volume7
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherEmerald Group Publishing Ltd.en_US
dc.relation.ispartofQualitative Research in Financial Markets
dc.sourceScopus
dc.subjectIslamic bankingen_US
dc.subjectM41en_US
dc.subjectM42en_US
dc.subjectM48en_US
dc.subjectRepublic of Yemenen_US
dc.subjectShari'ah supervisory boardsen_US
dc.titleShari’ah supervision in the Yemeni Islamic banks: a qualitative surveyen_US
dc.title.alternativeQual. Res. Financ. Marketsen_US
dc.typeArticleen_US
dspace.entity.typePublication

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