Corporate Governance in Islamic Financial Services: The Challenge to Industry Supervisors and Practitioners

At the Islamic Financial Services Board (IFSB) Summit in Doha, attended by 12 governors of central banks/monetary agencies and other leading figures in the Islamic financial services industry, speakers concurred in acknowledging the need to strengthen corporate governance in the industry.

Key themes that were emphasised by speakers highlighted the central importance of robust corporate governance (CG) in establishing the reputation of Institutions offering Islamic Financial Services (IIFS), both individually and for the industry sector as it experiences rapid growth and continuous product innovation.

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