Purpose

The main aim of this research is to ascertain the expected duties and performed roles and functions of the Shariah supervisory boards (SSBs) of Islamic banks in Bangladesh.

Design/methodology/approach

A semistructured face-to-face interview was applied to accomplish the research objectives. In total, data was collected from 17 respondents with a combination of regulators, SSBs, Shariah department executives and experts from the central bank and Islamic banks in Bangladesh.

Findings

This study finds that the expectations of Islamic banks toward SSB members are to provide opinions on Shariah issues, guidelines and decisions regarding the modern banking, practices and delivering of fatwas on the contemporary issues offered by the management to fulfill the demand of the numerous stakeholders. In addition, they can develop Shariah governance (SG) policies and implement those guidelines, approve and develop new products, observe and monitor banking functions, identify problems and outline solutions as well as they should ensure Shariah principles and compliance. The SSBs members perform roles and functions in monitoring and reviewing overall banking activities and functions; reviewing products, services and contracts; preparing SG guidelines; ensuring Shariah principles and compliance; providing opinions on existing SG practices and finally, delivering Shariah resolutions on the overall functions.

Research limitations/implications

This study significantly contributed to the national regulatory bodies by providing suggestions that the existing SG system should be improved to enhance the overall monitoring of SSB and ensure more Shariah compliance in the overall operations of the Islamic banks in Bangladesh.

Originality/value

This is the first research to the best of authors’ knowledge that explores the expected duties and performed roles and functions of the Islamic banks concerning Bangladesh. This study also contributes to the agency, legitimacy and stakeholder theories by outlining the expected and performed roles of SSBs to the Islamic banks and stakeholders.

中文翻译：

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孟加拉国伊斯兰银行的伊斯兰教教法监事会：预期职责以及所扮演的角色和职能

目的

这项研究的主要目的是确定孟加拉国伊斯兰银行伊斯兰教义监督委员会（SSB）的预期职责以及所扮演的角色和职能。

设计/方法/方法

使用半结构化的面对面访谈来完成研究目标。总共收集了来自17名受访者的数据，这些受访者包括监管机构，SSB，伊斯兰教法部门的高管以及来自孟加拉国中央银行和伊斯兰银行的专家。

发现

这项研究发现，伊斯兰银行对SSB成员的期望是就伊斯兰教法问题，有关现代银行业务的准则和决定，管理层在实践和实践上提供的法塔瓦问题提供意见，以满足众多利益相关者的需求。此外，他们可以制定伊斯兰教法（SG）的政策并实施这些准则，批准和开发新产品，观察和监控银行职能，发现问题并概述解决方案，并确保伊斯兰教法的原则和合规性。SSB成员在监视和审查整个银行活动和职能中发挥作用和职能；审查产品，服务和合同；编写SG指南；确保伊斯兰教法的原则和合规性；

研究局限/意义

这项研究为国家监管机构做出了重大贡献，提出了建议，即应改善现有的SG系统，以增强对SSB的总体监控，并确保在孟加拉国伊斯兰银行的整体运营中更加遵守伊斯兰教义。

创意/价值

这是根据作者所知而进行的第一项研究，探讨了伊斯兰银行在孟加拉国的预期职责以及所扮演的角色和职能。这项研究还通过向伊斯兰银行和利益相关者概述SSB的预期作用和履行作用，为代理，合法性和利益相关者理论做出了贡献。