The Application Level of Institutional Governance in the Islamic Institutions and Banks in Kuwait
DOI:
https://doi.org/10.51325/ijbeg.v3i3.58Keywords:
Islamic Banks, Financial Institutions, Governance, KuwaitAbstract
This study aims to identify the governance principles and their level of applicability in the context of Islamic banks in Kuwait. The descriptive-analytical approach was used by designing a questionnaire composed of 29 questions. The study mainly addresses specific governance principles that differentiate Islamic banks from conventional ones. Findings indicate a medium application level of the governance principles in the Islamic banks of Kuwait, noting that there are deficiencies in some aspects, which is the absence of disclosure and transparency requirements of Islamic financial operations that distinguish Islamic banks from other traditional banks. Additionally, the findings show a lack of equity in the salaries and wages scale compared to competitive banks and institutions in Kuwait.
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