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This Author published in this journals
All Journal Talaa : Journal of Islamic Finance Journal of Modern Islamic Studies and Civilization
Dar, Showkat Hussain
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Religion Humanities Economics, Econometrics & Finance Library & Information Science Social Sciences Other

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Prospects of Sharia Governance in Islamic Finance Industry: Jurisdictions, Standards, and Implications Wani, Athar Shahbaz; Dar, Showkat Hussain
Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022
Publisher : Department of Sharia Financial Management, Institut Agama Islam Negeri Sultan Amai Gorontalo, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (565.151 KB) | DOI: 10.54045/talaa.v2i1.523

Abstract

The paper aims to explore the establishment, organizational setup, and relevance of the international regulatory/standard setting institutions as Sharī‘ah governance platforms primarily AAOIFI (Accounting and Auditing Organization for Islamic Finance Institutions) and IFSB (Islamic Financial Services Board). The role of IIFA (International Islamic Fiqh Academy Jeddah) IFC (Islamic Fiqh Council of Muslim World League MWL) and ISRA (International Sharī‘ah Research Academy for Islamic Finance) and supportive Shari ‘ah compliance platforms for Islamic Finance Industry (IFI) in the corporate and academic dimensions. The study is qualitative analysis of related Guiding Principles, which enshrine the Sharī‘ah governance framework (SGF) in IFI. The discussion highlights that the (SGF) is the particular aspect in the Islamic Finance Industry (IFI), which embodies the legitimacy of instruments, and generates the trust of stakeholders and shareholders in Islamic finance. The paper shows that analysis will support the understanding of Sharī‘ah governance and jurisdiction of the Islamic finance industry in the contemporary Banking and finance sector. The outcome of the predicted hypothesis will enable to suggest and modify the ongoing banking practices in Islamic corporate with strict adherence to the sharīa standards.
State Regulations and Religious Endowments (Awqaf): Evaluating the Impact of the Waqf Amendment Bill 2025 on Minority Rights Hassan, Imza; Dar, Showkat Hussain
Journal of Modern Islamic Studies and Civilization Том 4 № 01 (2026): Journal of Modern Islamic Studies and Civilization
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jmisc.v4i01.2148

Abstract

The management of religious endowments, or Awqaf, has long been a sensitive intersection of state authority and minority rights in India. The Waqf Amendment Bill 2025 represents a significant legislative shift, introducing fundamental changes to how Waqf properties are identified, registered, and administered. This research evaluates the socio-legal implications of the Bill, focusing on the expanded role of the state in supervising religious assets and the potential dilution of the "Waqf by User" concept. By analyzing the proposed inclusion of non-Muslim members in Waqf Boards and the centralization of power within District Collectors, this study assesses whether the Bill balances administrative transparency or infringes upon the constitutional guarantees provided under Articles 25 and 26. The paper argues that while modernization and the prevention of encroachment are necessary, the removal of the finality of Tribunal decisions may lead to prolonged litigation and insecurity within minority institutions. Ultimately, the impact of the Bill is evaluated against the principle of "principled distance" in secularism, questioning if the state’s regulatory reach compromises the autonomy of religious endowments and the broader landscape of minority rights in 2026.
Co-Authors Hassan, Imza Wani, Athar Shahbaz