The Independence Of The Internal Sharia Audit In Islamic Banks
Keywords:
Independence, Sharia, Internal, Audits, Islamic BanksAbstract
Islamic banks have become urgent for every Islamic society that rejects dealing with usury and desires to apply Islamic law to the products they provide. There is no doubt that Islamic banks, with this distinctive characteristic that distinguishes them from other traditional banks, are exposed to a set of challenges facing the conduct of their method of operation, and the most prominent of these challenges is the independence of auditors. Therefore, this study aims to highlight the extent of the independence of Sharia auditing in promoting Islamic banking by defining the relationship between Sharia auditors and the management of Islamic banks, the effects, such as the method of employment and wage determination, and the impact that relationship reflects on some aspects of Islamic banking work. This study comes within the framework of interest in Sharia auditing because of its importance to the application of Islamic Sharia. To ensure this, the auditors’ work must be characterised by complete independence and therefore will depend on the qualitative study and review of previous studies to achieve the objectives of the study. The study concluded that the complete Sharia audit process cannot be achieved if the Sharia auditors are not completely and truly independent. This reflects that the Sharia audit profession is still unregulated and is affected by senior management and the entities that appoint and employ them. To ensure the procedures of the Sharia audit process and the implementation of the provisions of Islamic Sharia, it is necessary to enhance the independence of Sharia auditors by appointing and dismissing them by the state, Sharia Supervision, or Dar Al-Fatwa, and adopting Sharia standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions in the Sharia investigation process to enhance the independence of Sharia auditors.
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