Shariah auditing: a review of literature and future research agenda

Shariah Auditing has over the past decades been recognised by academicians, practitioners and other stakeholders as an important element necessary for the sound Shariah governance of Islamic financial institutions. The increasing need for Shariah governance, warranted by the geometric growth of Islamic finance and its capital markets across the globe, has further heightened the need for Shariah Auditing. Accordingly, Shariah Auditing is mandatory in countries like Malaysia, Oman and Pakistan, among others. In tandem with this development is academicians’ growing interest in Shariah Auditing research. This event presents an opportunity for interested scholars to assess the development of research in this discipline. Therefore, this paper seeks to review published studies since the inception of modern Islamic financial institution to year 2014 in order to identify key trends/issues in Shariah Auditing research