Morocco

Dalal Aassouli

doi:10.3366/j.ctv2f4vqnp.19

Morocco

Dalal Aassouli^*

^*Corresponding author for this work

Islamic Studies – Academic

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

SHARI‘AH governance is a key corporate governance mechanism specific to Islamic financial institutions (IFIs) – often referred to as ‘participatory banks’ in Morocco – as compared to their conventional counterparts. Morocco has chosen a centralised shari‘ah governance regime for its Islamic finance industry with differences compared to other countries who adopted centralised shari‘ah committees linked to historical, political and religious background.¹ Centralised shari‘ah boards present the advantages of reducing conflicts of interest and increasing standardisation and harmonisation.

Original language	English
Title of host publication	The Edinburgh Companion to Shari'ah Governance in Islamic Finance
Publisher	Edinburgh University Press
Chapter	14
Pages	233-248
Number of pages	16
Edition	1
ISBN (Electronic)	9781474436014
ISBN (Print)	9781474436007
DOIs	https://doi.org/10.3366/j.ctv2f4vqnp.19
Publication status	Published - 18 Mar 2020

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10.3366/j.ctv2f4vqnp.19

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abstract = "SHARI{\textquoteleft}AH governance is a key corporate governance mechanism specific to Islamic financial institutions (IFIs) – often referred to as {\textquoteleft}participatory banks{\textquoteright} in Morocco – as compared to their conventional counterparts. Morocco has chosen a centralised shari{\textquoteleft}ah governance regime for its Islamic finance industry with differences compared to other countries who adopted centralised shari{\textquoteleft}ah committees linked to historical, political and religious background.¹ Centralised shari{\textquoteleft}ah boards present the advantages of reducing conflicts of interest and increasing standardisation and harmonisation.",

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AB - SHARI‘AH governance is a key corporate governance mechanism specific to Islamic financial institutions (IFIs) – often referred to as ‘participatory banks’ in Morocco – as compared to their conventional counterparts. Morocco has chosen a centralised shari‘ah governance regime for its Islamic finance industry with differences compared to other countries who adopted centralised shari‘ah committees linked to historical, political and religious background.¹ Centralised shari‘ah boards present the advantages of reducing conflicts of interest and increasing standardisation and harmonisation.

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Morocco

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