| Abstract: |
Islamic banks being commercial entities strive to earn profit within shariah
ambit. Therefore, they seem to be basing themselves upon two knowledge streams
namely i) Islamic jurisprudence principles, and ii) banking principles.
Islamic jurisprudence principles primarily aim at bringing shariah compliance
while banking principles focus profitability. These principles, making two
schools of thought in the discipline, however, have their unique philosophies,
principles, and practices, which are now gradually diffusing into an emergent
set of governance principles basing the contemporary Islamic banking theory
and practice. Governance systems of Islamic banks have elements of both
conventional as well as Shariah, and need to have principles having components
of banking and shariah sufficiently diffused for their successful operations
in a longer term. Aim of this research is to review the literature about the
knowledge diffusion process of islamic banking principles which guides the
governance of Islamic banks. This study review the literature using a method
in which focus remain on bridging different areas which in this case are
knowledge diffusion and islamic banking governance principles. |