To comply with the Shariah rules and regulations, Islamic Financial Institutions have formed Shariah Supervisory Board (SSB). The duty of SSB is to monitor and regulate the ongoing activities of Islamic Financial Institutions in accordance with the Islamic laws and jurisdictions. The study has discussed the philosophy of Islamic Finance, Shariah Supervisory Boards and its features and external arrangement of Shariah compliances. The functioning of SSBs raises five main issues which are independence, confidentiality, competence, consistency, and disclosure. This study also indicated some missing dimensions in the domain of Shariah compliance features and suggested some possible measurement

To comply with the Shariah rules and regulations, Islamic Financial Institutions have formed Shariah Supervisory Board (SSB). The duty of SSB is to monitor and regulate the ongoing activities of Islamic Financial Institutions in accordance with the Islamic laws and jurisdictions. The study has di...