Shariah supervisory boards of Islamic banks in Bangladesh: expected duties and performed roles and functions

Purpose The main aim of this research is to ascertain the expected duties and performed roles functions Shariah supervisory boards (SSBs) Islamic banks in Bangladesh. Design/methodology/approach A semistructured face-to-face interview was applied accomplish objectives. In total, data collected from 17 respondents with a combination regulators, SSBs, department executives experts central bank Findings This study finds that expectations toward SSB members are provide opinions on issues, guidelines decisions regarding modern banking, practices delivering fatwas contemporary issues offered by management fulfill demand numerous stakeholders. addition, they can develop governance (SG) policies implement those guidelines, approve new products, observe monitor banking functions, identify problems outline solutions as well should ensure principles compliance. SSBs perform monitoring reviewing overall activities functions; services contracts; preparing SG guidelines; ensuring compliance; providing existing finally, resolutions functions. Research limitations/implications significantly contributed national regulatory bodies suggestions system be improved enhance more compliance operations Originality/value first best authors’ knowledge explores concerning also contributes agency, legitimacy stakeholder theories outlining