International Journal of Information System and Innovation Management
Vol. 2 No. 1 (2024): International Journal of Information System and Innovation Management

Strategic Innovation in Sharia Governance: The Evolving Management Role of the Sharia Supervisory Board

Dwi, Septy Rahma (Unknown)
Lesmita, Febria (Unknown)
Suzana, Suzana (Unknown)
Albahi, Muhammad (Unknown)
Abdullah, Siti Intan Nurdiana Wong (Unknown)
Sitompul, Silvia Sari (Unknown)



Article Info

Publish Date
10 Jul 2024

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.  

Copyrights © 2024






Journal Info

Abbrev

ijisim

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

International Journal of Information System and Innovation Management (IJISIM) is a scientific journal focuses on Information System, Innovation and Management Sciences. IJISIM is published under Yayasan Pendidikan Islam Al-Matani. IJISIM aims to publish original articles, whether in the form of ...