
London, October 26, 2016 - The International Shari’ah Research Academy for Islamic finance (ISRA) and the Islamic Finance Council UK (UKIFC) jointly held an international thematic workshop at K&L Gates, One New Change, London, UK. The event attracted more than a hundred participants from various organisations and jurisdictions to extensively deliberate on the issue of Shari’ah governance of Islamic financial institutions. The speakers panel included leading international scholars as well as the Deputy Governor of the State Bank of Pakistan and representative from the Bank of England. The seminal External Shari’ah Audit Report was also presented at the event. The report, underpinned by the insights shared by more than 35 exclusive in-depth interviews with regulators, auditors and financial institutions in Bahrain, Oman, Malaysia and Pakistan, reviews the development of international regulations and early implementation challenges for external Shari’ah audit.