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| case studies of shariah governance in practice: nigeria: Edinburgh Companion to Shari'ah Governance in Islamic Finance Ali Syed Nazim Ali, 2020-03-18 Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market. |
| case studies of shariah governance in practice: nigeria: Edinburgh Companion to Shari'ah Governance in Islamic Finance Syed Nazim Ali, 2020-03-18 Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market. |
| case studies of shariah governance in practice: nigeria: Educational Research and Innovation Education Governance in Action Lessons from Case Studies Burns Tracey, Köster Florian, Fuster Marc, 2016-09-09 Governing multi-level education systems requires governance models that balance responsiveness to local diversity with the ability to ensure national objectives. |
| case studies of shariah governance in practice: nigeria: Multi-Country Report International Monetary Fund. Middle East and Central Asia Dept., 2017-06-21 This background paper, which is a supplement to the board paper on “Ensuring Financial Stability in Countries with Islamic Banking (IB) Sectors”, presents country experiences with reforms to strengthen regulatory oversight of the IB sector. It reviews experiences with and the progress made in adapting prudential, safety nets and resolution frameworks to the specifics of IB. The selection of several countries from a range of regions with different levels of development and approaches to IB was designed to provide a representative sample of country experiences so as to enrich the policy conclusions. Such a multiplicity of experiences can help to identify common challenges that countries face in reforming their regulatory frameworks and to distill best practices. The countries, for which detailed case studies have been undertaken, are: Bahrain, Djibouti, Indonesia, Kenya, Kuwait, Malaysia, Nigeria, Pakistan, Sudan, Turkey and the United Kingdom. |
| case studies of shariah governance in practice: nigeria: Handbook of Research on Theory and Practice of Global Islamic Finance Rafay, Abdul, 2019-12-27 As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance. |
| case studies of shariah governance in practice: nigeria: Islamic Criminal Law in Northern Nigeria Gunnar J. Weimann, 2010 Annotation. In 2000 and 2001, twelve northern states of the Federal Republic of Nigeria introduced Islamic criminal law as one of a number of measures aiming at reintroducing the shari'a. Immediately after its adoption, defendants were sentenced to death by stoning or to amputation of the hand. Apart from a few well publicised trials, however, the number and nature of cases tried under Islamic criminal law are little known. Based on a sample of trials, the present thesis discusses the introduction of Islamic criminal law and the evolution of judicial practice within the regions historical, cultural, political and religious context. The introduction of Islamic criminal law was initiated by politicians and supported by Muslim reform groups, but its potential effects were soon mitigated on higher judicial levels and aspects of the law were contained by local administrators. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789056296551. |
| case studies of shariah governance in practice: nigeria: Cases on Uncovering Corporate Governance Challenges in Asian Markets Hasan, Rashedul, 2023-12-07 Corporate governance challenges in Asian markets have led to high-profile scandals and negative consequences for stakeholders, driven by weak governance structures, transparency deficiencies, and insufficient accountability. These issues are compounded by cultural and societal influences, emphasizing the need for a comprehensive understanding of the underlying factors at play. Cases on Uncovering Corporate Governance Challenges in Asian Markets, offers a compelling solution to address these pressing issues. Through a thorough analysis of prominent corporate scandals in Asia, the book investigates their origins, effects, and cultural influences that have contributed to their escalation. By scrutinizing these cases, the book provides actionable recommendations to enhance corporate governance practices, promoting transparency, accountability, and ethical conduct within companies. It serves as an indispensable resource for academic scholars, researchers, practitioners, policymakers, and students seeking insights into corporate governance in Asia. With its comprehensive understanding of governance failures and practical recommendations, Cases on Uncovering Corporate Governance Challenges in Asian Markets catalyzes positive change in the business landscape of Asian markets. |
| case studies of shariah governance in practice: nigeria: Muslims Talking Politics Brandon Kendhammer, 2016-06-22 For generations Islamic and Western intellectuals and policymakers have debated Islam’s compatibility with democratic government, usually with few solid conclusions. But where—Brandon Kendhammer asks in this book—have the voices of ordinary, working-class Muslims been in this conversation? Doesn’t the fate of democracy rest in their hands? Visiting with community members in northern Nigeria, he tells the complex story of the stunning return of democracy to a country that has also embraced Shariah law and endured the radical religious terrorism of Boko Haram. Kendhammer argues that despite Nigeria’s struggles with jihadist insurgency, its recent history is really one of tenuous and fragile reconciliation between mass democratic aspirations and concerted popular efforts to preserve Islamic values in government and law. Combining an innovative analysis of Nigeria’s Islamic and political history with visits to the living rooms of working families, he sketches how this reconciliation has been constructed in the conversations, debates, and everyday experiences of Nigerian Muslims. In doing so, he uncovers valuable new lessons—ones rooted in the real politics of ordinary life—for how democracy might work alongside the legal recognition of Islamic values, a question that extends far beyond Nigeria and into the Muslim world at large. |
| case studies of shariah governance in practice: nigeria: An Overview of Islamic Finance Mr.Mumtaz Hussain, Asghar Shahmoradi, Rima Turk, 2015-06-02 Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations. |
| case studies of shariah governance in practice: nigeria: Politics of Islamic Finance Henry Clement Henry, 2019-07-30 Can the contemporary Islamic finance movement be shown to meet the requirements of modern commerce? In the wake of the terrorist attacks on America the UN Security Council passed a resolution targeting transnational sources of terrorist funds. The United States and the International Monetary Fund are encouraging the governments of the Middle East to adopt policies of economic liberalism and a new type of capitalism, based on Islamic values and beliefs, is emerging.The aims of the book are:* to explore the political implications of the slow but steady accumulation of Islamic capital* to analyse the connections between Islamic finance and Islamic political movements in Middle Eastern and North African countries* to show that the commonly-perceived connection between Islamic finance and money laundering and terrorism is by no means the complete picture. Readers will learn to appreciate the various political contexts in which Islamic finance operates in the Middle East and North Africa and will acquire some understanding of its political as well as economic constraints. Hopefully possible misunderstandings about Islamic banking and finance will be corrected.The book is divided into two parts - part one is thematic and lays the ground for the country-specific case studies in part two (covering the Sudan, Kuwait, Jordan, Turkey, Tunisia and Egypt). The contributors include political scientists, economists and historians.Key Features:* A major topical issue* Written by the world's leading experts on Islamic Political Economy* Explores the connections between Islamic finance and Islamic political movements* Includes country-specific case studies |
| case studies of shariah governance in practice: nigeria: Sharia Implementation in Northern Nigeria 1999-2006: Historical background Philip Ostien, 2007 In addition to the complete text of the work as published by Spectrum, this Internet edition includes additional documentary materials too voluminous for inclusion in the printed text. For complete details see the tables of contents to the individual volumes. |
| case studies of shariah governance in practice: nigeria: Money Laundering and Terrorism Financing in Global Financial Systems Rafay, Abdul, 2021-04-16 During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students. |
| case studies of shariah governance in practice: nigeria: Islamic Banking Regulation and Supervision Mr.In Song, Carel Oosthuizen, 2014-12-12 The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking. |
| case studies of shariah governance in practice: nigeria: Takaful and Islamic Cooperative Finance S. Nazim Ali, Shariq Nisar, 2016-07-27 Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach. |
| case studies of shariah governance in practice: nigeria: Sects & Social Disorder Abdul Raufu Mustapha, 2014 Analyses Muslim-Muslim divisions within northern Nigeria, which are as important for understanding the violence in the region as those between Muslim and Christian (for which, see the companion volume, Creed and Grievance), with consequences for long-term peacemaking. Nigerian society has long been perceived as divided along religious lines, between Muslims and Christians, but alongside this there is an equally important polarization within the Muslim population in beliefs, rituals and sectarian allegiance. This book highlights the crucial issue of intra-Muslim pluralism and conflict in Nigeria. Conflicting interpretations of texts and contexts have led to fragmentation within northern Nigerian Islam, and differentIslamic sects have often resorted to violence against each other in pursuit of 'the right path'. The doctrinal justification of violence was first perfected against other Muslim groups, before being extended to non-Muslims: conflict between Muslim groups therefore preceded the violence between Muslims and Christians. It will be impossible to manage the relationship between the latter, without addressing the schisms within the Muslim community itself. Nigeria: Premium Times Books Abdul Raufu Mustapha is Associate Professor in African Politics, University of Oxford. His publications include (co-edited with Lindsey Whitfield) Turning Points in African Democracy (James Currey, 2009). Forthcoming: Creed & Grievance: Muslims, Christians & Society in Northern Nigeria edited by Abdul Raufu Mustapha and David Ehrhardt. |
| case studies of shariah governance in practice: nigeria: OECD Regional Development Studies The Governance of Land Use in France Case studies of Clermont-Ferrand and Nantes Saint-Nazaire OECD, 2017-02-28 This report examines how land is governed in France. It describes the laws, policies and practices that shape spatial and land-use planning in the country as a whole, and provides a detailed assessment of Clermont-Ferrand and Nantes Saint-Nazaire. |
| case studies of shariah governance in practice: nigeria: Monetary Policy, Islamic Finance, and Islamic Corporate Governance Toseef Azid, Murniati Mukhlisin, Nashr Akbar, Muhammad Tahir, 2021-06-16 Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals. |
| case studies of shariah governance in practice: nigeria: The Future of Economics M. Umer Chapra, 2016-07-04 This profound book is a powerful yet balanced critique of mainstream economics that makes a forceful plea for taking economics out of its secular and occident-centred cocoon. It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity. M. Umer Chapra is ranked amongst the Top 50 Global Leaders in Islamic economics (ISLAMICA 500, 2015) and has been awarded with two prestigious awards for his contributions to the field: Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989). |
| case studies of shariah governance in practice: nigeria: Governance and Leadership Institutions in Nigeria Ernest Toochi Aniche, Toyin Falola, 2020-11-29 This book examines how modern Nigerian political institutions have grappled with the resurgence of traditional institutions of political leadership in the post-colonial era. The contributors examine the role and nature of traditional governance institutions in West Africa from pre-colonial times to the post-colonial era. Part I considers a range of traditional institutions including monarchies, Islamic institutions and the role of culture and arts such as masking and music in traditional leadership. Part II focuses on modern governance institutions, elites, political action, arts, and democracy in post-colonial Nigeria. Part III examines democratic institutions and processes in Nigeria’s Fourth Republic, covering issues such as electoral reforms, women’s political participation, and democratic citizenship. This book will be of interest to students and scholars of African politics, governance, and democratization. |
| case studies of shariah governance in practice: nigeria: Islamic Finance in Africa Hassan, M. K., Muneeza, Aishath, Sonko, Karamo N.M., 2022-10-20 Islamic Finance in Africa discusses the progress, issues and innovations in African Islamic financial markets. It provides a comprehensive overview of Islamic finance in Africa by exploring legal, regulatory and governance challenges while balancing the issues and innovations found in both Islamic commercial and social finance. |
| case studies of shariah governance in practice: nigeria: African Management Aida Sy, Anthony Tinker, 2020-03 This book offers a panoramic view of the state of management research and practice in Africa. One of its objectives is to recognize current advances in management, applied economics and organizational research in some of the 54 nations that form the continent. The focus will be on new developments across the region with a particular emphasis on the defining cultural and traditional elements and innovations that make African management different. |
| case studies of shariah governance in practice: nigeria: Understanding Boko Haram James J. Hentz, Hussein Solomon, 2017-05-08 The primary objective of this book is to understand the nature of the Boko Haram insurgency in northeast Nigeria. Boko Haram’s goal of an Islamic Caliphate, starting in the Borno State in the North East that will eventually cover the areas of the former Kanem-Borno Empire, is a rejection of the modern state system forced on it by the West. The central theme of this volume examines the relationship between the failure of the state-building project in Nigeria and the outbreak and nature of insurgency. At the heart of the Boko Haram phenomenon is a country racked with cleavages, making it hard for Nigeria to cohere as a modern state. Part I introduces this theme and places the Boko Haram insurgency in a historical context. There are, however, multiple cleavages in Nigeria ̶ ethnic, regional, cultural, and religious ̶ and Part II examines the different state-society dynamics fuelling the conflict. Political grievances are common to every society; however, what gives Boko Haram the space to express such grievances through violence? Importantly, this volume demonstrates that the insurgency is, in fact, a reflection of the hollowness within Nigeria’s overall security. Part III looks at the responses to Boko Haram by Nigeria, neighbouring states, and external actors. For Western actors, Boko Haram is seen as part of the global war on terror and the fact that it has pledged allegiance to ISIS encourages this framing. However, as the chapters here discuss, this is an over-simplification of Boko Haram and the West needs to address the multiple dimension of Boko Haram. This book will be of much interest to students of terrorism and political violence, insurgencies, African politics, war and conflict studies, and IR in general. |
| case studies of shariah governance in practice: nigeria: The Impossible State Wael B. Hallaq, 2012-11-20 Wael B. Hallaq boldly argues that the Islamic state, judged by any standard definition of what the modern state represents, is both impossible and inherently self-contradictory. Comparing the legal, political, moral, and constitutional histories of premodern Islam and Euro-America, he finds the adoption and practice of the modern state to be highly problematic for modern Muslims. He also critiques more expansively modernity's moral predicament, which renders impossible any project resting solely on ethical foundations. The modern state not only suffers from serious legal, political, and constitutional issues, Hallaq argues, but also, by its very nature, fashions a subject inconsistent with what it means to be, or to live as, a Muslim. By Islamic standards, the state's technologies of the self are severely lacking in moral substance, and today's Islamic state, as Hallaq shows, has done little to advance an acceptable form of genuine Shari'a governance. The Islamists' constitutional battles in Egypt and Pakistan, the Islamic legal and political failures of the Iranian Revolution, and similar disappointments underscore this fact. Nevertheless, the state remains the favored template of the Islamists and the ulama (Muslim clergymen). Providing Muslims with a path toward realizing the good life, Hallaq turns to the rich moral resources of Islamic history. Along the way, he proves political and other crises of Islam are not unique to the Islamic world nor to the Muslim religion. These crises are integral to the modern condition of both East and West, and by acknowledging these parallels, Muslims can engage more productively with their Western counterparts. |
| case studies of shariah governance in practice: nigeria: Encyclopedia of Women and Islamic Cultures Suad Joseph, Afsāna Naǧmābādī, 2003 Family, Law and Politics, Volume II of the Encyclopedia of Women & Islamic Cultures, brings together over 360 entries on women, family, law, politics, and Islamic cultures around the world. |
| case studies of shariah governance in practice: nigeria: OECD Public Governance Reviews Behavioural Insights for Public Integrity Harnessing the Human Factor to Counter Corruption OECD, 2018-05-11 - Foreword - Executive summary - Introduction - The dynamics of moral decision making - Integrity in the context of social interactions - Applying behavioural insights to integrity policies - References |
| case studies of shariah governance in practice: nigeria: Islam and Secularism Syed Muhammad Naquib Al-Attas, 2023-08-19 Written 40 years ago, Islam and Secularism is one of the most creative and original works of a Muslim thinker in the contemporary Muslim world. The author deals with fundamental problems faced by contemporary Muslims and provides real solutions, beginning with a discussion on 'The Contemporary Western Christian Background' in Chapter (I), followed by his analysis of the concepts (which he newly defines) of 'secular', 'secularization', and 'secularism' in Chapter (II). All this is then contrasted in Chapter (IV) of the book entitled 'Islam: The Concept of Religion and the Foundation of Ethics and Morality'. Based on all the preceding explanation, the author proceeds to analyze the Muslim 'dilemma' by declaring that it should be resolved primarily through what he calls the dewesternization of knowledge or, conversely, the islamization of contemporary knowledge, an original concept conceived and elucidated by the author for the past five decades. Numerous original and profound ideas are contained in this book-arrived at chiefly through critical study of the Muslim tradition-such as the concepts of dīn, 'adl, ḥikmah, adab, ma'nā, and ta'dīb, and their significance in the development of an Islamic system of education. The rationale for the Islamization of contemporary knowledge and the establishment of a truly Islamic university was in fact provided for the first time in contemporary Muslim thought by this author long before the appearance of the present book, which explains these interconnected subjects more concisely. Further, the appendix entitled, 'On Islamization: The Case of the Malay-Indonesian Archipelago' is an actual explanation and application of the seminal ideas discussed in the book. This is a must-read for all Muslims and those concerned with the problems and effects of secularization in our world today. Islam and Secularism is a development of ideas contained in the many paragraphs of another book in Malay entitled: Risalah Untuk Kaum Muslimin, which the author wrote and completed during the first few months of 1974. Due to many circumstances which demanded the author's attention at home and ahmad, however, the Risalah has not yet been sent to the press. In this book, what is contained in Chapter III was composed and completed during the month of Ramaḍān of 1395 (1975), and delivered as a Lecture under the same title to the International Islamic Conference held in April 1976 at the Royal Commonwealth Society, London, in conjunction with the World of Islam Festival celebrated there that year. It was published as a monograph in the same year by the Muslim Youth Movement of Malaysia (ABIM), Kuala Lumpur, and in 1978 it appeared, together with other Lectures delivered on the same occasion by various Muslim scholars, in a book of one volume entitled: The Challenge of Islam, edited by Altaf Gauhar and published by the Islamic Council of Europe, London. All the other Chapters of the book were begun in March 1977 and completed in April of the same year, during my appointment as Visiting Scholar and Professor of Islamics at the Department of Religion, Temple University, Philadelphia, U.S.A., in the Winter and Spring of 1976-1977. What is contained in Chapter V was presented as a Paper entitled: Preliminary Thoughts on the Nature of Knowledge and the Definition and Aims of Education, addressed to the First World Conference on Muslim Education held at Mecca in April 1977. It will appear, together with other selected Papers of the Conference, in a book entitled: Aims and Objectives of Islamic Education, edited with an introduction by the author and published by King Abdulaziz University and Hodder & Stoughton, London, 1979, as one of a series of seven books. |
| case studies of shariah governance in practice: nigeria: Artificial Intelligence and Islamic Finance Adel M. Sarea, Ahmed H. Elsayed, Saeed A. Bin-Nashwan, 2021-12-31 This book provides a systematic overview of the current trends in research relating to the use of artificial intelligence in Islamic financial institutions (IFIs), across all organization of Islamic cooperation (OIC) countries. Artificial Intelligence and Islamic Finance discusses current and potential applications of artificial intelligence (AI) for risk management in Islamic finance. It covers various techniques of risk management, encompassing asset and liability management risk, credit, market, operational, liquidity risk, as well as regulatory and Shariah risk compliance within the financial industry. The authors highlight AI’s ability to combat financial crime such as monitoring trader recklessness, anti-fraud and anti-money laundering, and assert that the capacity of machine learning (ML) to examine large amounts of data allows for greater granular and profound analyses across a variety of Islamic financial products and services. The book concludes with practical limitations around data management policies, transparency, and lack of necessary skill sets within financial institutions. By adopting new methodological approaches steeped in an Islamic economic framework (e.g., analysing FinTech in the context of Shariah principles and Islamic values), it devises practical solutions and generates insightful knowledge, helping readers to understand and explore the role of technological enablers in the Islamic finance industry, such as RegTech and artificial intelligence, in providing better and Shariah-compliant services to customers through digital platforms. The book will attract a wide readership spanning Shariah scholars, academicians, and researchers as well as Islamic financial practitioners and policy makers. |
| case studies of shariah governance in practice: nigeria: Corporate Governance in Russia Alla Dementieva, Elena Zavyalova, 2020-12-16 This book explores discussions and practice around corporate governance in Russia from the early 1990s until 2018. It covers three major aspects of corporate governance theory and practice: a vision of corporate governance in Russia in the context of global trends and challenges, the general perception of corporate governance in Russia, and the real nature of Russia’s corporate community from the viewpoint of its corporate governance practices. It provides a unique complex analysis and detailed description of how corporate governance has been perceived by both Russian regulators and the business community, and how it has been applied in Russian companies. This analysis covers the period of over 25 years: from early attempts at directing transfer and implanting the Western model of corporate governance to the nascent Russian big private business, up to the period of resurgence of the state as the dominant player both in Russian society and its economy at large. It gives an understanding of what corporate governance is in Russia in the days of sovereign democracy and confrontation with the West. It explains how cultural, political, economic and institutional factors have shaped corporate governance in Russia. The authors provide insights into such aspects of Russian corporate governance framework and practices as regulatory philosophy and enforcement, ownership structure, the role of the state, the impact of unfriendly domestic business climate, how the value of corporate governance is perceived in Russian context, etc. Predominantly, the book paints an interesting picture of how the sovereign corporate governance model has been shaped in Russia. This book will be useful not just for experts in corporate governance and investors, but also for those who have an interest in modern Russia at large. |
| case studies of shariah governance in practice: nigeria: Risk Management and Corporate Governance Organization for Economic Cooperation and Development, 2014 This sixth peer review of the OECD Principles of Corporate Governance analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises. The review covers 26 jurisdictions and is based on a general survey of all participating jurisdictions in December 2012, as well as an in-depth review of corporate risk management in Norway, Singapore and Switzerland. The report finds that while risk-taking is a fundamental driving force in business and entrepreneurship, the cost of risk management failures is often underestimated, both externally and internally, including the cost in terms of management time needed to rectify the situation. The reports thus concludes that corporate governance should ensure that risks are understood, managed, and, when appropriate, communicated. |
| case studies of shariah governance in practice: nigeria: Boko Haram: Islamism, Politics, Security, and the State in Nigeria Marc-Antoine Perouse De Montclos, 2015-02-01 This book is the first attempt to understand Boko Haram in a comprehensive and consistent way. It examines the early history of the sect and its transformation into a radical armed group. It analyses the causes of the uprising against the Nigerian state and evaluates the consequences of the on-going conflict from a religious, social and political point of view. The book gives priority to authors conducting fieldwork in Nigeria and tackles the following issues: the extent to which Boko Haram can be considered the product of deprivation and marginalisation; the relationship of the sect with almajirai, Islamic schools, Sufi brotherhoods, Izala, and Christian churches; the role of security forces and political parties in the radicalisation of the sect; the competing discourses in international and domestic media coverage of the crisis; and the consequences of the militarisation of the conflict for the Nigerian government and the civilian population, Christian and Muslim. About the Editor: Marc-Antoine Perouse de Montclos is a Doctor in Political Science and a Professor at the French Institute of Geopolitics in the University of Paris 8. A specialist on armed conflicts in Africa south of the Sahara, he graduated from the Institut d'etudes politiques de Paris (IEP), where he teaches, and is a researcher at the Institut de recherche pour le developpement (IRD). He lived for several years in Nigeria, South Africa and Kenya. He has published some eighty articles and books, including Le Nigeria (1994), Violence et securite urbaines (1997), L'aide humanitaire, aide a la guerre? (2001), Villes et violences en Afrique subsaharienne (2002), Diaspora et terrorisme (2003), Guerres d'aujourd'hui (2007), Etats faibles et securite privee en Afrique noire (2008), Les humanitaires dans la guerre (2013), and La tragedie malienne (2013). Reviews For scholars, government officials, journalists, and civic actors, this book expands our understanding of this enigmatic jihadist movement, its genesis, evolution, and political implications. In light of the global significance of militant Islam, the book is indispensable for students of Nigeria, Africa, Muslim societies, and armed conflicts.-Richard Joseph, John Evans Professor of International History and Politics, Northwestern University This collection of essays on Boko Haram is much the best yet-well informed, coolly competent. With the insurgency still evolving, we really need this guide to its early days.-Murray Last, Emeritus Professor of Anthropology, University College of London This valuable collection assembles notable experts who analyze the messages and behavior of Boko Haram. The collection also provides nuanced treatments of actors involved in the conflict, including the Nigerian state and Nigerian Christians.-Alex Thurston, Visiting Assistant Professor, African Studies Program, Georgetown University |
| case studies of shariah governance in practice: nigeria: Islamic Finance Mr.Alfred Kammer, Mr.Mohamed Norat, Mr.Marco Pinon, Ananthakrishnan Prasad, Mr.Christopher M. Towe, Mr.Zeine Zeidane, 2015-04-06 The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential contributions in terms of financial inclusion, support for small- and medium-sized enterprises and investment in public infrastructure and, in principle, reduced systemic risk. It then covers a range of regulatory and other challenges, and offers policy advice, to address factors that hamper the development of the industry and, more generally, the delivery of its potential benefits. The paper covers regulatory and supervisory issues, safety nets and resolution frameworks, access to finance, Sukuk markets, and macroeconomic policies. |
| case studies of shariah governance in practice: nigeria: Handbook of Research on Theory and Practice of Financial Crimes Rafay, Abdul, 2021-03-18 Black money and financial crime are emerging global phenomena. During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. Among a large number of problems is a lack of general awareness about all these issues among various stakeholders including researchers and practitioners. The Handbook of Research on Theory and Practice of Financial Crimes is a critical scholarly research publication that provides comprehensive research on all aspects of black money and financial crime in individual, organizational, and societal experiences. The book further examines the implications of white-collar crime and practices to enhance forensic audits on financial fraud and the effects on tax enforcement. Featuring a wide range of topics such as ethical leadership, cybercrime, and blockchain, this book is ideal for policymakers, academicians, business professionals, managers, IT specialists, researchers, and students. |
| case studies of shariah governance in practice: nigeria: Wealth Management and Investment in Islamic Settings Toseef Azid, Murniati Mukhlisin, Othman Altwijry, 2022-09-29 This book addresses the theory, practices, challenges, key issues and potential future policies concerning investment and wealth management in connection with Islamic finance. There is a noted scarcity of literature on Islamic approaches towards wealth management from a jurisprudential perspective, and so this book aims to address this lacuna in available literature. It demonstrates strategies for wealth management in keeping with the Qur’an and Sunn’ah, posing questions relating to interest and investment, and proposing financial models for benefiting the poorer segments of society while simultaneously satisfying economic necessities in keeping with Islamic law. Given its breadth of scope, combining perspectives from scholars and practitioners with extensive experience in the banking and finance sector from different Islamic settings including Malaysia, Saudi Arabia, Sri Lanka, Brunei and Indonesia, this edited volume will benefit practitioners, researchers, and graduate students studying finance, economics and business management in an Islamic context. |
| case studies of shariah governance in practice: nigeria: Introduction to Islamic Banking & Finance Kabir Hassan, Rasem Kayed, Umar A. Oseni, 2013 Covering essential elements of Islamic Banking and Finance, as well as the latest views on topical debates surrounding the discipline, this text is essential reading for anyone seeking to understand this increasingly important sector of the finance industry. Written by Islamic scholars in the Arab world, this text gives new and pertinent insights into Islamic Banking and Finance, and its global impact. |
| case studies of shariah governance in practice: nigeria: The Oxford Handbook of Criminal Law Markus D Dubber, Tatjana Hörnle, 2014-11-27 The Oxford Handbook of Criminal Law reflects the continued transformation of criminal law into a global discipline, providing scholars with a comprehensive international resource, a common point of entry into cutting edge contemporary research and a snapshot of the state and scope of the field. To this end, the Handbook takes a broad approach to its subject matter, disciplinarily, geographically, and systematically. Its contributors include current and future research leaders representing a variety of legal systems, methodologies, areas of expertise, and research agendas. The Handbook is divided into four parts: Approaches & Methods (I), Systems & Methods (II), Aspects & Issues (III), and Contexts & Comparisons (IV). Part I includes essays exploring various methodological approaches to criminal law (such as criminology, feminist studies, and history). Part II provides an overview of systems or models of criminal law, laying the foundation for further inquiry into specific conceptions of criminal law as well as for comparative analysis (such as Islamic, Marxist, and military law). Part III covers the three aspects of the penal process: the definition of norms and principles of liability (substantive criminal law), along with a less detailed treatment of the imposition of norms (criminal procedure) and the infliction of sanctions (prison law). Contributors consider the basic topics traditionally addressed in scholarship on the general and special parts of the substantive criminal law (such as jurisdiction, mens rea, justifications, and excuses). Part IV places criminal law in context, both domestically and transnationally, by exploring the contrasts between criminal law and other species of law and state power and by investigating criminal law's place in the projects of comparative law, transnational, and international law. |
| case studies of shariah governance in practice: nigeria: Understanding Islamic Finance Muhammad Ayub, 2007 |
| case studies of shariah governance in practice: nigeria: The Ashgate Research Companion to Islamic Law Peri Bearman, 2016-03-16 This unparalleled Companion provides a comprehensive and authoritative guide to Islamic law to all with an interest in this increasingly relevant and developing field. The volume presents classical Islamic law through a historiographical introduction to and analysis of Western scholarship, while key debates about hot-button issues in modern-day circumstances are also addressed. In twenty-one chapters, distinguished authors offer an overview of their particular specialty, reflect on past and current thinking, and point to directions for future research. The Companion is divided into four parts. The first offers an introduction to the history of Islamic law as well as a discussion of how Western scholarship and historiography have evolved over time. The second part delves into the substance of Islamic law. Legal rules for the areas of legal status, family law, socio-economic justice, penal law, constitutional authority, and the law of war are all discussed in this section. Part three examines the adaptation of Islamic law in light of colonialism and the modern nation state as well as the subsequent re-Islamization of national legal systems. The final section presents contemporary debates on the role of Islamic law in areas such as finance, the diaspora, modern governance, and medical ethics, and the volume concludes by questioning the role of Sharia law as a legal authority in the modern context. By outlining the history of Islamic law through a linear study of research, this collection is unique in its examination of past and present scholarship and the lessons we can draw from this for the future. It introduces scholars and students to the challenges posed in the past, to the magnitude of milestones that were achieved in the reinterpretation and revision of established ideas, and ultimately to a thorough conceptual understanding of Islamic law. |
| case studies of shariah governance in practice: nigeria: The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues Wouter Bossu, Arthur D. P. Rossi, 2019-12-27 This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper focuses on the Board oversight of central banks—a central feature of sound governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank—the Oversight Board—ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight into the broader legal structure for central bank governance by considering this form of oversight as one of the core decision-making responsibilities of central banks. Secondly, the paper will focus on a number of important legal design issues for Board Oversight, by contrasting the current practices of the IMF membership’s 174 central banks with staff’s advisory practice developed over the past 50 years. |
| case studies of shariah governance in practice: nigeria: Operative Principles of Islamic Derivatives Andreas Jobst, Mr.Juan Sole, 2012-03-01 Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law. |
| case studies of shariah governance in practice: nigeria: Sharia and National Law Jan Michiel Otto, 2010 |
Case Studies Of Shariah Governance In Practice Nigeria …
depth case studies of shari ah governance practices and experiences as well as critical analysis of these practices It serves as a standalone comprehensive reference work on shari ah …
The Practice of Shariah Law in Nigeria and Its Impact on …
The following are some of the findings or outcomes of the study: That shariah law gained provenance in Nigeria, especially the northern part from 1999 with the new democratic …
The Introduction Of Sharia Law In Nigeria And The Nigerian
Abstract: This study objectively seeks to analyze the history of Nigerian amalgamation, her heterogeneous compositions, highlighting historical developments of Nigerian constitutions …
Shariah Governance in Islamic Financial Institutions in …
This study examines the elements of Shariah governance in Islamic financial institutions in Nigeria. In this study, a quantitative research method is utilized to gather data via a survey …
IMPROVING SHARIAH GOVERNANCE IN ISLAMIC FINANCE
The report uses case studies of five OIC countries (Malaysia, Nigeria, Turkey, Indonesia, and the United Arab Emirates) and one non-OIC country (the United Kingdom) to provide an in-depth …
The Sharia Controversy in Northern Nigeria - JSTOR
Nigeria's sharia controversy provides a key case for understanding the politics of sharia in new democracies. In a four-year period following Nigeria's 1999 transition, the democratically …
Case Studies Of Shariah Governance In Practice Nigeria …
This post delves into specific case studies illustrating the practical application of Sharia governance in Nigeria, exploring its successes, challenges, and the ongoing debates …
Case Studies Of Shariah Governance In Practice Nigeria
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and...
Case Studies Of Shariah Governance In Practice Nigeria
standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and …
Case Studies Of Shariah Governance In Practice Nigeria …
Case Studies Of Shariah Governance In Practice Nigeria: Edinburgh Companion to Shari'ah Governance in Islamic Finance Syed Nazim Ali,2020-03-18 Written by a group of prominent …
Case Studies Of Shariah Governance In Practice Nigeria , …
standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and …
Shariah Governance Structure Of Islamic Financial …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on...
Sharia Governance Structure Of Islamic Financial Institutions …
depth case studies of shari ah governance practices and experiences as well as critical analysis of these practices It serves as a standalone comprehensive reference work on shari ah …
Case Studies Of Shariah Governance In Practice Nigeria
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive...
Case Studies Of Shariah Governance In Practice Nigeria , …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and...
Case Studies Of Shariah Governance In Practice Nigeria …
depth case studies of shari ah governance practices and experiences as well as critical analysis of these practices It serves as a standalone comprehensive reference work on shari ah …
The Practice of Shariah Law in Nigeria and Its Impact on …
The following are some of the findings or outcomes of the study: That shariah law gained provenance in Nigeria, especially the northern part from 1999 with the new democratic …
The Introduction Of Sharia Law In Nigeria And The Nigerian
Abstract: This study objectively seeks to analyze the history of Nigerian amalgamation, her heterogeneous compositions, highlighting historical developments of Nigerian constitutions …
Shariah Governance in Islamic Financial Institutions in …
This study examines the elements of Shariah governance in Islamic financial institutions in Nigeria. In this study, a quantitative research method is utilized to gather data via a survey …
IMPROVING SHARIAH GOVERNANCE IN ISLAMIC FINANCE
The report uses case studies of five OIC countries (Malaysia, Nigeria, Turkey, Indonesia, and the United Arab Emirates) and one non-OIC country (the United Kingdom) to provide an in-depth …
The Sharia Controversy in Northern Nigeria - JSTOR
Nigeria's sharia controversy provides a key case for understanding the politics of sharia in new democracies. In a four-year period following Nigeria's 1999 transition, the democratically …
Case Studies Of Shariah Governance In Practice Nigeria …
This post delves into specific case studies illustrating the practical application of Sharia governance in Nigeria, exploring its successes, challenges, and the ongoing debates …
Case Studies Of Shariah Governance In Practice Nigeria
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and...
Case Studies Of Shariah Governance In Practice Nigeria
standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and …
Case Studies Of Shariah Governance In Practice Nigeria …
Case Studies Of Shariah Governance In Practice Nigeria: Edinburgh Companion to Shari'ah Governance in Islamic Finance Syed Nazim Ali,2020-03-18 Written by a group of prominent …
Case Studies Of Shariah Governance In Practice Nigeria , …
standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and …
Shariah Governance Structure Of Islamic Financial …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on...
Sharia Governance Structure Of Islamic Financial Institutions …
depth case studies of shari ah governance practices and experiences as well as critical analysis of these practices It serves as a standalone comprehensive reference work on shari ah …
Case Studies Of Shariah Governance In Practice Nigeria
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive...
Case Studies Of Shariah Governance In Practice Nigeria , …
depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah …
Shariah Governance Structure Of Islamic Financial …
prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and...
