publication . Thesis

Efficacy of corporate governance theories in determining the regulatory framework for Islamic finance institutions

Hamid, Sheharyar Sikander;
Open Access English
  • Country: United Kingdom
Abstract
This thesis argues that the Islamic finance industry has its ideological foundations in the business ethics and stakeholder theory since the Islamic jurisprudence supports the ethical foundation of business and financial intermediations. These ethical practices can be traced back to jurisprudential concepts of Maqasid Al Sharia and Maslaha in Islamic law. The current practices of IFI however fails to follow the ethically sound (and in line with the Maqasid and Maslaha ideals) stakeholder model because of competitive pressures from the conventional financial industry and is thus modelled more on the Neo liberal shareholder profit maximisation ideology, focusing m...
Subjects
free text keywords: HG, KD_Religious_Systems
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