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All Journal International Journal of Information System and Innovation Management
Lesmita, Febria
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Decision Sciences, Operations Research & Management

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Strategic Innovation in Sharia Governance: The Evolving Management Role of the Sharia Supervisory Board Dwi, Septy Rahma; Lesmita, Febria; Suzana, Suzana; Albahi, Muhammad; Abdullah, Siti Intan Nurdiana Wong; Sitompul, Silvia Sari
International Journal of Information System and Innovation Management (IJISIM) Vol. 2 No. 1 (2024): International Journal of Information System and Innovation Management
Publisher : Yayasan Pendidikan Islam Al-Matani

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Abstract

The Shariah Supervisory Board (DPS) plays a vital role in ensuring that the operations and financial products of Islamic financial institutions comply with Shariah principles. This research aims to explore the roles, responsibilities, and challenges faced by DPS through analyzing the available literature. Through the literature study method, this research analyzes various secondary sources, including scientific articles, books, regulations, and reports from Islamic financial institutions. The results show that DPS has a key role in providing trust to stakeholders, but also faces various challenges, such as the lack of uniform global standards and limited resources. This study provides recommendations to strengthen the role of DPS, including improved training and education of DPS members, as well as harmonization of regulations at the international level. Thus, DPS can be more effective in supporting the sustainable growth of the Islamic finance industry in accordance with Islamic principles.  
Co-Authors Abdullah, Siti Intan Nurdiana Wong Albahi, Muhammad Dwi, Septy Rahma Sitompul, Silvia Sari SUZANA, SUZANA