TY  - JOUR
T1  - National Shariah Boards: Global Applications and the Case of Turkey
AU  - Esen, Adem
PY  - 2014
DA  - December
JF  - Afro Eurasian Studies
JO  - Afro-Eurasian
PB  - Musiad (Independent Industrialists and Businessmen's Association)
WT  - DergiPark
SN  - 2147-110X
SP  - 5
EP  - 16
VL  - 3
IS  - 2
LA  - en
AB  - Islamic finance industry is growing very rapidly in Asia, as wellas in Europe. Many countries would like to take advantage of it bychanging their regulatory models. The current Islamic finance regulatory structures differ in various countries: Some jurisdictions arebased on the sole authority of the government, while some of themare only based on the market, and some prefer a mixed system. Inthis study, we analyzed the most important Islamic finance marketsand their Shariah governance systems. Ensuring Islamic financialoperations fully in line with Shariah principles would first bringtrust to the financial system and then augment the volume. Therefore, we compared diverse approaches and showed that establishinga national Shariah Advisory Board could accelerate the Islamic finance in Turkey. 
CR  - Zulkifli Hasan, “Regulatory Framework of Shari’ah Governance System in Malaysia”,
Kyoto Bulletin of Islamic Area Studies, 82-115, 2010.
CR  - El Waleed M. Ahmed, “A Unified Voice: The Role of Shariah Advisory Boards in Islamic
Finance”, Business Islamica, October 2007.
CR  - M. Fahim Khan and Mario Porzio, “Islamic Banking and Finance in European Union”, 2010.
CR  - BRSA, Association of Participation Banks of Turkey, “Participation Banking and Noninterest Finance Workshop Report”, Kızılcahamam, 21 – 23 December 2013
Information collated from some participation banks.
UR  - https://dergipark.org.tr/tr/pub/afes/issue//556998
L1  - https://dergipark.org.tr/tr/download/article-file/700407
ER  -