Elements Constituting the Best Practice of Shari'ah Governance in Islamic Finance = عناصر الممارسة المثلى للحوكمة الشرعية في التمويل الإسلامي

The practice of Islamic Finance Institutions (IFIs) at global level, so far and so on, has come up with multiple and variant models of Shari'ah governance; so that it can fit in the legal and regulatory structure of different jurisdictions in line with the development level of IFI, client expectations and market conditions. The essay explores the elements that constitutes the best practices of Shari'ah governance in Islamic finance.