Corporate Governance in Institutions Offering Islamic Financial Services : Issues and Options

This paper reviews institutions offering Islamic financial services (IIFS) corporate governance challenges and suggests options to address them. It first points out the importance of corporate governance for IIFS, where it would require a distinct treatment from conventional corporate governance and...

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Bibliographic Details
Main Authors:	Grais, Wafik, Pellegrini, Matteo
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ARTICLES OF ASSOCIATION ASSET CLASSIFICATION AUDITING BANK OF THAILAND BANKING LAW BANKING REGULATION BANKING SUPERVISION BANKING SYSTEM BANKS BID BOARD OF DIRECTORS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CENTRAL BANK COMPANY COMPETITIVE ENVIRONMENT COMPOUNDING CONFLICT OF INTEREST CONNECTED LENDING CONTRACTUAL RELATIONSHIP COOPERATIVES CORPORATE CHARTERS CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE STRUCTURE CORPORATIONS COST OF CAPITAL DEBT DEPOSITS DISCLOSURE DISTRIBUTION OF INCOME DIVIDENDS DUE DILIGENCE DUE DILIGENCE PROCESS EQUALIZATION EXCESSIVE RISK EXCESSIVE RISK TAKING EXCLUSIVE COMPETENCE EXCLUSIVE DOMAIN EXECUTIVE DIRECTORS EXTERNAL AUDITORS EXTERNALITIES FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FIDUCIARY DUTIES FIDUCIARY DUTY FINANCIAL ACCOUNTING FINANCIAL EXPERTISE FINANCIAL FIRMS FINANCIAL INDUSTRY FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL RESOURCES FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS GOVERNANCE ARRANGEMENTS GOVERNANCE SYSTEM INCORPORATED INDIVIDUALS INSTITUTIONAL ENVIRONMENT INSTITUTIONAL STRUCTURE INSURANCE INDUSTRY INVESTMENT POOLS INVESTMENT RISK INVESTMENT RISKS INVESTMENT SERVICES ISLAMIC BANK ISLAMIC BANKING JOINT VENTURE LAWS LEGAL PROTECTION LEGAL SYSTEM LEGISLATION LIMITED LIQUIDATION MANAGEMENT COMPANIES MANAGERS MARKET DISCIPLINE MARKET RISK MARKET VALUE MINORITY SHAREHOLDERS MUTUAL FUNDS NON-BANK NONPERFORMING LOANS OPERATIONAL RISK OWNERSHIP STRUCTURES PERFORMANCE OF FIRMS PERSONS PROFITABILITY PROPRIETARY PROTECTION OF MINORITY SHAREHOLDERS PROTECTION OF SHAREHOLDERS PUBLIC POLICY RATING AGENCIES REGULATORY FRAMEWORK RESERVE BANK OF INDIA RIGHTS OF SHAREHOLDERS RISK TAKING SAVINGS SAVINGS ACCOUNTS SECURITIES SEPARATION OF OWNERSHIP SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS SHAREHOLDING SOCIETIES SOCIETY STAKEHOLDER STAKEHOLDERS STATE ASSETS STATE OWNERSHIP STATEMENT STATEMENTS STOCK MARKET STOCK MARKETS SUPERVISORY AGENCIES TAKEOVERS TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/en/2006/11/7157780/corporate-governance-institutions-offering-islamic-financial-services-issues-options http://hdl.handle.net/10986/9030