KONSEP SHARIAH GOVERNANCE PADA LEMBAGA KEUANGAN SYARIAH

Abstract

The issue of Shariah governance in Islamic financial institutions (IFI) is significant as it ensures that the institution's operations align with the principles of Shariah. This study examines the concept of Shariah governance across different institutions that have compiled Shariah governance principles. This paper employs a comparative review methodology to assess the Shariah governance principles and standards of AAOIFI, IFSB, Bank Negara Malaysia (BNM), and Bank Indonesia (BI). The analysis determined that the Shariah Governance Standard of the IFSB is the most comprehensive, as it has all the necessary criteria for a standard. This research contributes to the comprehension of the range of Shariah governance concepts employed by different institutions on a worldwide scale.