Sharia Governance and Its Role in Achieving Sustainability in Islamic Finance

Abstract

This study aims to analyze the theoretical and maqasid (objectives) framework of Shariah governance and diagnose its application reality in Algerian Islamic banks, with a focus on the case study of Al Salam Bank Algeria. The study also highlights the fundamental differences between governance in Islamic banks and their conventional counterparts, and reviews the most prominent regulatory and institutional challenges they face. The findings conclude that the effective application of Shariah governance, as manifested in Al Salam Bank's performance, directly contributes to enhancing customer trust, achieving stable financial growth, and consolidating banking stability. Accordingly, the study proposes a developmental vision for enhancing Shariah governance based on an integrated approach that combines maqasid depth, regulatory reform, technological innovation, and learning from successful international models