Purpose The study aims to investigate the reasons behind the growing diverse practices of Shariah governance (SG) among Islamic banks in Bangladesh. Design/methodology/approach Data has been collected through a semi-structured interview process from the concerned authorities (Shariah supervisory...

This paper discusses the instruments of monetary control in a marketoriented Islamic financial system, highlighting the relative advantages of indirect instruments. In this context, it proposes equity-based government securities with rates of return based on budgetary surplus. Such rates are...