ইসলামী আর্থিক প্রতিষ্ঠানে বহিঃশরীয়াহ নিরীক্ষা: বৈশ্বিক অভিজ্ঞতা এবং বাংলাদেশে সম্ভাব্য প্রয়োগ|External Shariah Audit of Islamic Financial Institutions: Global Experience and Possible Application in Bangladesh
DOI:
https://doi.org/10.58666/n5187r88Keywords:
Islamic financial institution, external Shariah audit, Shariah governance, ইসলামী আর্থিক প্রতিষ্ঠান, বহিঃশরীয়াহ নিরীক্ষা, শরীয়াহ গভর্নেন্সAbstract
The Islamic financial system in Bangladesh has made much progress over the last three-four decades. However, the progress is predominantly viewed in terms of broadening as well as regulating the periphery of market.Contemporary Shariah governance system of Islamic financial institutions operating in Bangladesh is evidently questionable to a greater extent. Keeping pace with other countries of the world, different types of measures may be devised to fortify Shariah governance system of the aforesaid institutions of Bangladesh.One of such crucial steps include external Shariah audit.This article, in the light of global experiences, intends to critically assess the feasibility of external Shariah audit in different Islamic financial institutions of Bangladesh.Premising on the wings of critical description and review this research paper has substantiated that the system of external Shariah audit can be initiated in Islamic financial institutions functioning in Bangladesh.If an independent third party examines the Shariah compliance issues of Islamic financial institutions and certifies thereby, different types of confusions will be resolved as well as public confidence will be boosted.Moreover, the professional advice of the external Shariah auditor may enhance the Shariah regulatory regime of Islamic financial institutions.
সংক্ষিপ্তসার : গত তিন-চার দশকে ইসলামী অর্থব্যবস্থা বাংলাদেশে অনেক দূর এগিয়েছে। তবে এই এগিয়ে যাওয়াটা মূলত বাজার দখলের দিক থেকে। বর্তমানে বাংলাদেশের ইসলামী আর্থিক প্রতিষ্ঠানগুলোর শরীয়াহ গভর্নেন্স ব্যবস্থা যথেষ্ট প্রশ্নবিদ্ধ। পৃথিবীর অন্যান্য দেশের সাথে সামঞ্জস্য রেখে শরীয়াহ গভর্নেন্স ব্যবস্থা শক্তিশালী করার জন্য বাংলাদেশেও বিভিন্ন পদক্ষেপ নেয়া যেতে পারে। এমন একটি পদক্ষেপ হচ্ছে বহিঃশরীয়াহ নিরীক্ষা। বৈশ্বিক অভিজ্ঞতার আলোকে বাংলাদেশের ইসলামী আর্থিক প্রতিষ্ঠানে বহিঃশরীয়াহ নিরীক্ষার সম্ভাবনা আলোচনা করার উদ্দেশ্যে এ প্রবন্ধটি রচিত হয়েছে। বর্ণনা ও পর্যালোচনামূলক এ প্রবন্ধ থেকে প্রমাণিত হয়েছে যে, বাংলাদেশে কর্মরত ইসলামী আর্থিক প্রতিষ্ঠানসমূহে বহিঃশরীয়াহ নিরীক্ষা সম্ভব। একটি স্বাধীন তৃতীয় পক্ষ দ্বারা ইসলামী আর্থিক প্রতিষ্ঠানগুলোর শরীয়াহ প্রতিপালন বিষয়ে নিশ্চয়তা পাওয়া গেলে বিভিন্ন দ্বিধা-দ্বদ্বের নিরসন হবে এবং জনমনে আস্থা বৃদ্ধি পাবে বলে আশা করা যায়। এছাড়া বহিঃশরীয়াহ নিরীক্ষকের পেশাদার পরামর্শের ফলে ইসলামী আর্থিক প্রতিষ্ঠানগুলোর শরীয়াহ নিয়ন্ত্রণ ব্যবস্থাও উন্নতর হবে বলে আশা করা যায়।
References
AAOIFI. (2018). Auditing Standard 6 External Shariʻah Audit. Manama: AAOIFI.
AAOIFI. (2019). Governance Standard 11 Internal Shariʻah Audit. Manama: AAOIFI.
Ahmed, M. (2018). Islamic Banking in Bangladesh A Proposal for Improvement. Islami Ain O Bichar, 14(53), 73-94.
Amin, M. (2016, December 14). Introducing external Shariah audit requires abolishing the Shariah Supervisory Board. Islamic Finance News, 13(50). Retrieved July 15, 2019, from https://www.islamicfinancenews.com/retaining-an-independent-shariah-supervisory-board-is-incompatible-with-an-external-shariah-audit.html
Bangladesh Bank. (2009). Guidelines for Islamic Banking. Dhaka: Bangladesh Bank. Retrieved July 23, 2019, from https://www.bb.org.bd/aboutus/regulationguideline/islamicbanking/islamicguide.php
Bank Negara Malaysia. (2010). Shariah Governance Framework for Islamic Financial Institutions. Bank Negara Malaysia.
Central Bank of Bahrain. (2017). SG-5 Independent External Shari'a Compliance Audit. Retrieved July 16, 2019, from Central Bank of Bahrain:http://cbb.complinet.com/cbb/display/display_ viewall.html?rbid=1821&element_id=10293
Central Bank of Bahrain. (2017, September 8). Issuance of the new Shari'a Governance Module. Retrieved July 16, 2019, from Central Bank of Bahrain: http://cbb.complinet.com/net_file_store/new_ rulebooks/e/d/EDBS_KH_Issuance_of_the_new_Sharia_Governance_Module_9_August_2017.pdf
Central Bank of Oman. (2012, December 18). Islamic Banking Regulatory Framework. Retrieved July 22, 2019, from Central Bank of Oman: https://cbo.gov.om/Pages/IslamicBanking RegulatoryFramework.aspx
Chartered Institute of Internal Auditors. (2019). Position paper: Internal audit's relationship with external audit. Chartered Institute of Internal Auditors.
DhakaTribune. (2017, October 30). The ÔflexibleÕ Shariah practice of Islamic banking in Bangladesh. Retrieved July 16, 2019, from DhakaTribune: https://www.dhakatribune.com/ business/banks/2017/10/30/flexible-shariah-practice-islamic-banking-bangladesh/
IFSB. (2018). Islamic Financial Services Stability Report 2018. Kuala Lumpur: Islamic Financial Services Board.
Islamic Financial Services Act. (2013). Laws of Malaysia. Retrieved July 23, 2019, from http://www.bnm.gov.my/ documents/act/en_ifsa.pdf
Khan, I., Rahman, N., Yusoff, M., Nor, M., & Noordin, K. (2018). A narrative on Islamic insurance in Bangladesh: problems and prospects. International Journal of Ethics and Systems, 34(2), 186-199.
Kuwait Central Bank. (2016). Shariah Supervisory Governance for Kuwaiti Islamic Banks. Kuwait Central Bank. Retrieved July 17, 2019, from http://www.cbk.gov.kw/en/images/Governance-Instruction-Islamic-Banks---AR-11-122719-1-10-122719-3.pdf
Kuwait Central Bank. (2016, December 20). Press Release Regarding Shariah Supervisory Governance for Kuwaiti Islamic Banks. Retrieved July 17, 2019, from Kuwait Central Bank: http://www.cbk.gov.kw/en/images/Shariah-Governance-Islamic-Banks-10-122718-2.pdf Prothom-Alo. (2016, December 1). Bmjvwg e¨vswKs ïay bv‡g. Retrieved July 16, 2019, from Prothom-Alo: https://www.prothomalo.com/economy/article/1031179
Reuters. (2016, December 22). Kuwait's central bank fine-tunes governance of Islamic banks. Retrieved July 17, 2019, from Reuters:https://www.reuters.com/article/islamic-finance-kuwait/ kuwaits-central-bank-fine-tunes-governance-of-islamic-banks-idUSL5N1EG07M
SBP. (2018). Shari'ah Governance Framework for Islamic Banking Institutions. State Bank of Pakistan.
Shafii, Z., Abidin, A., & Salleh, S. (2015). Integrated Internal-External Shariah Audit Model: A Proposal Towards the Enhancement of Shariah Assurance Practices in Islamic Financial Institutions. Islamic Research Training Institute (IRTI).
State Bank of Pakistan. (2014, April 4). IBD Circular No. 03 of 2014. Retrieved July 22, 2019, from State Bank of Pakistan: http://www.sbp.org.pk/ibd/2014/C3.htm
State Bank of Pakistan. (2018, January 10). State BankÕs efforts lauded globally – Voted as the Best Central Bank for Promoting Islamic Finance. Retrieved July 22, 2019, from State Bank of Pakistan: http://www.sbp.org.pk/press/2018/Pr-Edbiz-UK-10-Jan-18.pdf
The Daily Star. (2017, June 9). Islamic banking growing rapidly. Retrieved July 16, 2019, from The Daily Star: https://www.thedailystar.net/business/banking/islamic-banking-growing-rapidly-1417531
The Daily Star. (2017, September 18). BB not giving new Islamic banking licences. Retrieved July 23, 2019, from The Daily Star: https://www.thedailystar.net/business/banking/bb-not-giving-new-islamic-banking-licences-1463608
Thomson Reuters. (2018). Islamic Finance Development Report 2018. SalaamGateway.com.
UKIFC/ISRA. (2016). External Shari'ah Audit Report. London and Kuala Lumpur: UKIFC/ISRA.
World Bank / CIBAFI. (2017). Corporate Governance Practices in Islamic Banks 2017. Manama and Washington: General Council for Islamic Banks and Financial Institutions and The World Bank Group.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 ইসলামী আইন ও বিচার | Islami Ain O Bichar
This work is licensed under a Creative Commons Attribution 4.0 International License.
