The purpose of this study is to examine the relationship between corporate governance and financial soundness of Islamic banks. Precisely, this study examines the Shariah Board’s characteristics and empirically diagnoses its impact on the financial soundness of Islamic banks.,In this case, the level of bank soundness is individually measured using the z-score indicator. Regression analyses are applied to test the impact of the Shariah Board’s characteristics on the financial soundness of Islamic banks, using a panel data set of 67 Islamic banks – covering 20 countries during the period 2005–2014.,The model shows that the size of the Shariah Board has a negative and significant impact on the financial soundness of Islamic banks. However, the Shariah scholar with knowledge in finance/accounting, the presence of Mufti, the interlocked Shariah scholar and the foreign Shariah scholar do not have any significant impact on the financial soundness of Islamic banks.,This study contributes to fill the gaps in the literature that discussed the Shariah Boards’ role in the governance of Islamic banks. In addition, it provides practical implications to the Shariah Boards’ members in the Islamic banks and calls for setting a sufficient number of scholars for each Shariah Board.,With this paper, the authors aim to clarify the relationship between Shariah Board and financial soundness of the Islamic banking, and provide additional insights to the emerging literature of Islamic banking. Contrary to previous research studies, the authors use an additional hypothesis, i.e. the presence of Mufti that has a positive and significant effect on the financial soundness of Islamic Banks. Methodologically, the authors incorporate a new measure to evaluate empirically the impact of Shariah Board members with knowledge of finance and accounting on the financial soundness of Islamic banks.

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伊斯兰教法委员会的特征对伊斯兰银行财务稳健性的影响

本研究的目的是研究伊斯兰银行的公司治理与财务稳健性之间的关系。准确地说，本研究考察了伊斯兰教法委员会的特征，并凭经验诊断了其对伊斯兰银行财务稳健性的影响。在这种情况下，银行稳健性水平是使用z得分指标单独测量的。通过使用67个伊斯兰银行的面板数据集（涵盖2005-2014年期间的20个国家），使用回归分析来测试伊斯兰教法委员会的特征对伊斯兰银行财务稳健性的影响。该模型显示，伊斯兰教法委员会对伊斯兰银行的财务状况产生负面和重大影响。但是，具有金融/会计知识，穆夫蒂的存在的伊斯兰教义学者，相互联系的伊斯兰教教义学者和外国伊斯兰教义学者对伊斯兰银行的财务稳健性没有任何重大影响。本研究有助于填补讨论伊斯兰教法委员会在伊斯兰银行治理中的作用的文献中的空白。此外，它对伊斯兰银行中伊斯兰教义委员会的成员具有实际意义，并呼吁为每个伊斯兰教义委员会设置足够数量的学者。本文旨在阐明伊斯兰教义委员会与伊斯兰教义的财务稳健性之间的关系。伊斯兰银行业务，并为新兴的伊斯兰银行业文献提供更多见解。与以前的研究相反，作者使用了另一个假设，即 Mufti的存在对伊斯兰银行的财务状况具有积极而重大的影响。从方法上讲，作者采用了一项新措施，以经验方法评估具有金融和会计知识的伊斯兰教教义董事会成员对伊斯兰银行财务稳健性的影响。