One regulator: diversified Shariah governance practices, why?

Purpose The study aims to investigate the reasons behind 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 concerned authorities (Shariah supervisory board members, department officers, central bank executives and banking professional experts) related SG data analyzed by NVivo software. Findings results show that mechanisms are different due lack unique comprehensive guidelines absence Centralized Supervisory Board (CSSB) under Central Bank. self-developed practices, diversified opinions viewpoints Directors (BOD), banks' policies, business motivations profit intention also responsible for practices. understandings explanations Shariah, Madhab (school thought) rulings Research limitations/implications implications regulatory explored numerous applications which will be beneficial regulators resolve issues outlying guidelines. Originality/value This outlines dissimilar Bangladesh,