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The objective of this paper is to make an assessment of the competence of the members of Shar¯ı‘ah Boards of the Islamic Banking Institutions (IBIs) in terms of enabling and ensuring Shar¯ı‘ah compliance of banks business. The competency of Shar¯ı‘ah board members is considered as a critical issue in the State Banks Shar¯ı‘ah Governance Framework (SGF), which considers degree from any Waf ¯aq al-Mad¯aris as the basic qualification for their appointment. The paper investigates into the curricula of mad¯aris (religious schools) in Pakistan and orientation of the mad¯aris graduates for understanding increasingly innovative banking and finance operations. It also analyzes the syllabubs of the specialization/takhas. s.us. f¯ı al-fiqh/takhas. s.us. f¯ı al-ift¯a in the mad¯aris. Some pragmatic recommendations have been made to enhance the expertise of the Shar¯ı‘ah board members in the light of SBPs Fit & Proper criteria. This is a pioneer study discussing the scheme of studies in Pakistani mad¯aris and provides a basis for further research on this area.

Muhammad Ayub, Khurram Khan, Abdul Rashid, Muhammad Asghar Shahzad, Habib ur Rehman. (2019) Enhancing the Competence and Effectiveness of Shar¯ı‘ah Advisory Boards: Case of Islamic Banking Institutions in Pakistan, Journal of Islamic Business and Management, Vol ume 9, Issue 1.
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