Afef Khalil, Sabrine Chihi
This research paper aims to examine the relationship between the Board of Directors and the Shariah Board and to investigate its impact on the financial performance of Islamic banks. We employ regression analyzes to study the impact of the feature connecting the Board of Directors to the Shariah Board on the banks performance, using a Panel data which consisted of 32 Islamic banks during the period 2015-2018. The results show that meetings between the Board of Directors and the Shariah Board have a negative impact on the financial performance of Islamic banks. Through this research study, we aim to furnish new insights into the literature review of Islamic banks. Unlike previous researches, we use one new feature linking the Board of Directors to the Shariah Board. In addition, we employ a new measure to study the relationship between the Board of Directors and the Shariah Board, and its effect on the financial performance of banks.