Journal of Islamic Contemporary Accounting and Business
Vol. 3 No. 2 (2025): JICAB

The Role of the Sharia Supervisory Board on Muamalah Principles Compliance in Islamic Financial Institutions

Az Zahra, Faiza (Unknown)
Khoirunnisa, Nabila (Unknown)



Article Info

Publish Date
10 Sep 2025

Abstract

This study discusses the role of the Shariah Supervisory Board in ensuring Islamic financial institutions’ compliance with Islamic law principles. The Shariah Supervisory Board plays a crucial role in overseeing and issuing fatwas regarding the permissibility of financial products and services offered by these institutions. The research also identifies challenges faced by the Shariah Supervisory Board, such as differences in the interpretation of Islamic law, technological advancements, and global competitive pressures. Additionally, the paper offers recommendations for strategies to strengthen the Shariah Supervisory Board’s role in maintaining Shariah compliance. In conclusion, the study emphasizes the Shariah Supervisory Board’s importance in guaranteeing the integrity and sustainability of Islamic financial institutions amidst increasingly complex challenges.

Copyrights © 2025






Journal Info

Abbrev

jicab

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Islamic Contemporary Accounting and Business is published by the Sharia Accounting program at the Institut Agama Islam Tazkia. To ensure the quality of the papers published, the journal employs a double-blind review process, where the identities of both the authors and reviewers are ...