SHARI’AH GOVERNANCE IN ISLAMIC FINANCE AND AN OVERVIEW OF THE DEBATES

Abstract

Shari’ah governance are internal mechanisms that allow and control Islamic financial institutions and their activities to act in accordance with Islamic principles and rules. This system, the most important distinctive feature of Islamic financial institutions, is extremely important both in terms of compliance of the system with Islamic principles and the credibility of these organizations in the eyes of the public. AAOIFI and IFSB have put their management standards in these field.

In Islamic financial institutions, the most important element of shari’ah governance is the shari’ah board. Shariah boards may be of international, national or institutional level. The shariah governance function can also be fulfilled by consulting companies.

In this paper, various shariah governance systems applied by Islamic financial institutions in the Gulf region and Southeast Asia will be clarified. Besides, key issues regarding this field and their solutions will be discussed.

Keywords

• Islamic Finance, Participation Banking, Shari'ah Governance, Shari'ah

İSLAMİ FİNANSTA ŞER’İ YÖNETİM UYGULAMALARI VE KONUYLA İLGİLİ TARTIŞMALARA GENEL BİR BAKIŞ

Öz

Şer’i yönetim, İslami finansal kurumların faaliyetlerinde İslami ilke ve kurallara uygun hareket etmelerini sağlayan ve bunu denetleyen iç mekanizmalardır. İslami Finansal Kurumların önemli ayırt edici niteliklerinden olan bu sistem, gerek sistemin İslami ilkelere uyumlu işlemesi, gerekse bu kuruluşların kamuoyu nezdindeki güvenilirliği açısından son derece önem arz etmektedir. AAOIFI ve IFSB bu konuyla ilgili yöntemi standartlarını ortaya koymuştur.İslami finansal kurumlarda, şer’i yönetimin en önemli unsuru şer’i danışma kuruludur. Şer’i kurullar uluslararası, ulusal veya İFK düzeyinde olabilmektedir. Bazen de bu işlev, şer’i danışmanlık şirketlerinden hizmet alımı yoluyla yerine getirilmektedir.Bu makalede, dünyadaki İslami finansal kurumlarda uygulanan çeşitli şer’i yönetim sistemleri, körfez bölgesi ve güneydoğu Asya uygulamaları çerçevesinde ortaya konacak ve bu alanla ilgili tartışılan temel hususlar ve çözüm önerileri ele alınacaktır.

Anahtar Kelimeler

• İslami Finans, Katılım Bankacılığı, Şer’i Yönetim, Danışma Kurulu, Kurumsal Yönetim

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