The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions

Faiza Az  Zahra; Nabila Khoirunnisa

doi:10.30993/jicab.v3i2.495

PUBLISHED

2025-09-10

ISSUE

Vol. 3 No. 2 (2025): JICAB

DOI

https://doi.org/10.30993/jicab.v3i2.495

Abstract

This study discusses the role of the Shariah Supervisory Board in ensuring Islamic financial institutions’ compliance with Islamic law principles. The Shariah Supervisory Board plays a crucial role in overseeing and issuing fatwas regarding the permissibility of financial products and services offered by these institutions. The research also identifies challenges faced by the Shariah Supervisory Board, such as differences in the interpretation of Islamic law, technological advancements, and global competitive pressures. Additionally, the paper offers recommendations for strategies to strengthen the Shariah Supervisory Board’s role in maintaining Shariah compliance. In conclusion, the study emphasizes the Shariah Supervisory Board’s importance in guaranteeing the integrity and sustainability of Islamic financial institutions amidst increasingly complex challenges.

KEYWORDS

Shariah Supervisory Board, Shariah Compliance, Islamic Financial Institutions, Islamic Law, Supervision, Shariah Audit.

How to cite

Az Zahra, F. & Khoirunnisa, N. (2025). The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions. Journal of Islamic Contemporary Accounting and Business, 3(2). https://doi.org/10.30993/jicab.v3i2.495

Az Zahra, Faiza, and Nabila Khoirunnisa. "The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions." Journal of Islamic Contemporary Accounting and Business, vol. 3, no. 2, 2025, https://doi.org/10.30993/jicab.v3i2.495.

Az Zahra, Faiza, and Nabila Khoirunnisa. 2025. "The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions." Journal of Islamic Contemporary Accounting and Business 3 (2). https://doi.org/10.30993/jicab.v3i2.495.

@article{AzZahra2025,
  author  = {Az  Zahra, Faiza and Khoirunnisa, Nabila},
  title   = {The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions},
  journal = {Journal of Islamic Contemporary Accounting and Business},
  volume  = {3},
  number  = {2},
  year    = {2025},
  url     = {https://doi.org/10.30993/jicab.v3i2.495}
}

TY  - JOUR
AU  - Az  Zahra, Faiza
AU  - Khoirunnisa, Nabila
TI  - The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions
JO  - Journal of Islamic Contemporary Accounting and Business
VL  - 3
IS  - 2
PY  - 2025
UR  - https://doi.org/10.30993/jicab.v3i2.495
ER  -

License

CC BY NC

Copyright (c) 2025 The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions © 2025 by Faiza Az Zahra, Nabila Khoirunnisa is licensed under Creative Commons Attribution-NonCommercial 4.0 International License