THE STUDY OF SUPERVISION AND CONTROL IN ISLAMIC FINANCIAL MANAGEMENT

Journal Title: Asian Economic and Financial Review - Year 2016, Vol 6, Issue 7

Abstract

The purpose of this research is studying the supervision and control of juristic views in Islamic financial. In Islam, evaluation, audit and other terms used to describe the monitoring and control has been discussed widely. The three authorities of the Islamic government surveillance of workers and managers include God, Imam and the people. In this research firstly supervision pyramid and kinds of supervision and control of Islamic management, the importance of inner supervision (self-control) in the view of Holy Quran, Prophet Muhammad, and Imam Ali, and stages of control and supervision will be discussed by mining the documents and studying the available texts. Then penitence, as a corrective action and its importance in Islam, and actions followed by controlling and supervising will be studied, and finally we have proposed a pattern of supervision and control while showing the importance and necessity of supervisor characteristics.

Authors and Affiliations

Mahdi Saghafi*| Faculty member, Department of Accounting, Payame Noor University, Iran, Alireza Amirabadi| Faculty member, Department of Law, Payame Noor University, Iran

Keywords

Related Articles

PRIVATISING SOCIALLY OWNED ENTERPRISES, THE CASE OF KOSOVO

This paper aims at analyzing activities, and some of the causes of economic expansion of Kosovo?s economy, mainly focused in stage of initial establishment of the private sector in Kosovo. The purpose of the paper is to...

APPROACH TO THE ASSESSMENT IRREGULARITY AND CYCLIC DYNAMICS OF TERRITORIAL DEVELOPMENT

Purpose – The main purpose of this study is a modelling of assessment processes for irregularity and cyclical of dynamic regions development, which used to reduce inter-regional contrasts, disruptions and variations in a...

COMOVEMENTS AND STRUCTURAL FACTORS OF MACROECONOMIC VOLATILITY IN DEVELOPING AND TRANSITION ECONOMIES: A DYNAMIC PANEL DATA APPROACH

This study examines the comovements of some economic variables and explores the structural factors of macroeconomic volatility in developing and transition economies, using dynamic panel technique. According to an analys...

THE EFFECT OF TRADE, SPECIALIZATION AND FINANCIAL INTEGRATION ON BUSINESS CYCLES SYNCHRONIZATION IN SOME MEDITERRANEAN COUNTRIES

The aim of this paper is to study if bilateral trade, similarity of specialization and capital flows between some Mediterranean countries (Egypt, Morocco, Tunisia and Turkey) and their main European partners (Germany, Fr...

AN EMPIRICAL INVESTIGATION INTO THE RELATIONSHIP BETWEEN FINANCIAL SECTOR DEVELOPMENT AND UNEMPLOYMENT IN NIGERIA

Financial sector development has been identified by financial economists as a veritable way of empowering the poor thereby paving the way for enabling them to become employed and possibly serve as economic agents of chan...

Download PDF file
  • EP ID EP2288
  • DOI -
  • Views 439
  • Downloads 42

How To Cite

Mahdi Saghafi*, Alireza Amirabadi (2016). THE STUDY OF SUPERVISION AND CONTROL IN ISLAMIC FINANCIAL MANAGEMENT. Asian Economic and Financial Review, 6(7), 404-415. https://europub.co.uk/articles/-A-2288