Differences and similaritites between corporate governance principles in Islamic banks and Conventional banks |
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| Institution: | 1. Energy Planning Program, COPPE, Universidade Federal do Rio de Janeiro, RJ, Brazil;2. PPE-COPPE/UFRJ, Brazil;1. Department of Accounting and Finance, Technological Educational Institute of Peloponnese, Kalamata, Greece;2. Department of Banking and Financial Management, University of Piraeus, Greece;1. Olayan School of Business, American University of Beirut, Beirut, Lebanon;2. Durham University Business School, Durham University, Durham, United Kingdom;1. School of Business Administration, American University of Sharjah, P.O. Box 26666, Sharjah, United Arab Emirates;2. College of Business Administration, University of Sharjah, P.O. Box 27272, Sharjah, United Arab Emirates |
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| Abstract: | The purpose of this paper is to present the some differences and similarities between corporate governance principles in Islamic banks and conventional banks by paradigmatic diversification. Since Corporate governance in Islamic banks is a social phenomenon in Islamic societies, the paper uses social theory paradigms (functionalist, interpretive, radical humanist and radical structuralist) to compare between corporate governance in Islamic banks and conventional banks. This paper demonstrates that mainstream corporate corporate governance theories are not a law of nature but a social construct. |
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| Keywords: | Corporate governance Islamic banks Conventional banks Paradigms |
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