June 21, 2024

Compliance Risk Of Islamic Bank

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Sharia compliance is vital for maintaining Islamic values in banking, especially amidst global competition and risk.
Regulatory measures help Islamic banks prevent fraud while innovating financial products in a global context.
Islamic banks must ensure all employees understand statutory provisions to uphold accountability and responsibility.
Adhering to international standards in Sharia governance is crucial for the integrity of Islamic banking practices.

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Analysis highlights Sharia compliance in Islamic finance, suggesting frameworks to mitigate risks during globalization.

Syarvina et al. (2024) studied this question.

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