Shariah Compliance in Islamic Banking

Imagine having faith that your bank would adhere to Shariah standards, only to find that important investment procedures frequently don't meet expectations. To determine where Islamic banking succeeds and where it fails, this research delves deeply into the opinions of 392 customers, depositors, and bankers in Bangladesh. Key findings of this study include:

• A high degree of Shariah Non-compliance

• A status quo between full-fledged and non-full-fledged Islamic banks

• Need for effective Shariah audit

In order to guarantee that Islamic banking fulfills its commitment to equity, trust, and Shariah compliance, these results implore regulators, legislators, and institutions to act swiftly.

Number of Publications

• Journal Article: 1

• Working Paper: 1