Is There a Need to Provide Standards for Sharī'ah Governance

question 49

Essay

Is there a need to provide standards for Sharī'ah governance for IFIs despite the existence of various relevant international standard-setting bodies?

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Definitions:

Paid-In Capital

Funds received from investors in exchange for shares of a company's stock, reflecting the equity capital contributed by shareholders.

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, to be reinvested in the business or to pay debt.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, also referred to as shareholders' equity.

Par Common Stock

The face value of a common stock, which is the stated value per share set in the corporate charter and used in the balance sheet under shareholders' equity.