Оригинална статия Обща икономика и преподаване

SHARI’AH COMPLIANCE IN A EUROPEAN BANKING CONTEXT

Севги Осман - PhD, Chief Assistant Professor at Varna Free University “Chernorizets Hrabar”. ORCID 0000-0002-5108-5476
Недялко Вълканов - PhD, Associate Professor at University of Economics – Varna,
Получена: 26 мар 2025
Ревизирана:
Публикувана:
Сваляния: 0
Търси по JEL таг 0
книжка 1/2025
JEL G32 G21 G38
DOI https://doi.org/10.56497/etj2570105

Резюме

Compliance rules existed even before the earliest modern financial and banking regulations. This paper aims to compare compliance systems in terms of the principles of Islamic finance with those of conventional finance and to determine whether they can exist “under one roof”. It focuses on the importance of Shari’ah compliance in Islamic corporate governance and the main body for its assurance – the Shari’ah Supervisory board, which takes various shapes in different legal and regulatory systems. Using the content analysis method, Shari’ah compliance among European Islamic banks (or Islamic windows) was investigated and on this basis the conclusion was drawn that, with the help of internal and external efforts, an effective framework for Shari’ah compliance can be ensured even in traditional financial institutions. Such a framework is needed mostly for the clarification of Shari’ah rules and norms in societies with a vested interest in Islamic financial markets and products.

Как да се цитира тази статия

Osman, S., Valkanov, N. (2025). Shari’ah Compliance in a European Banking Context. Economic Thought Journal, 70 (1), 72–96. https://doi.org/10.56497/etj2570105

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