Controlling in Islamic banks

Management control in Islamic banks is a complex and crucial subject requiring a holistic approach to reconcile Shariah ethical principles with financial and non-financial performance objectives. This book has examined the fundamental principles and practices of Islamic banking focusing on their implications for management control. The different approaches to controlling in Islamic banks as well as the tools and methods used to assess financial and non-financial performance have been studied in detail.The different approaches to management control in Islamic banks were explored with a focus on the use of Sharia-compliant financial indicators to assess financial performance. With regard to the specific issues and challenges of management control in Islamic banks the need to ensure Sharia-compliance and manage risks in line with ethical principles was highlighted.