Competency of Shariah Auditors: Issues and Challenges in Pakistan
Bibliographic record
Abstract
Purpose: The Islamic financial system has a crucial necessity to manage the competency requirement including knowledge, skills and some other obligatory abilities to fulfill the increasing industry loads. This paper proposes a novel idea of knowledge, skills and other abilities (KSOA) for the framework of Shariah auditors that can enhance their current performance to improve the Islamic financial system. Design/methodology/approach: The study is based on mix method to present a new model for Shariah auditors in the Islamic Financial Institutions of Pakistan. The study has utilized the collection of information available in the previous literature. The study presented a model to be followed by IFIâÂÂs while appointing Shariah Auditor based on their knowledge, skills and other related abilities. Extensive study of the literature has been undertaken to present the model. Research limitations: This paper is a Pakistan based study, so situation may differ from that of Pakistan in other countries. Findings: This article gives an overview of current situation regarding issues and challenges, concerning the competencies required for Shariah auditors in the Islamic Financial Industry of Pakistan. Literature review and study of practitionerâÂÂs qualification shows that required knowledge about Shariah audit is still not established. It has been found that the internal auditors perform Shariah audit in IFIs in the light of Shriah governance framework given by State Bank of Pakistan (SBP). The study also resulted that most of Shariah auditors working in IFIs have no experience and qualification about Shariah audit and Islamic banking. Moreover the past study in Pakistan has not pointed the specific knowledge, skills and other abilities required for shariah auditors. Originality/value: This paper is a value addition in the literature of Islamic finance which suggests that Shariah audit is one of the major concerns for the Islamic financial institutions of Pakistan. Therefore, the need of skillful and professional manpower which efficiently and effectively apprehends the both i.e. Shariah and Contemporary audit set of regulations has been established in Islamic banking industry of Pakistan.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.005 | 0.014 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.002 | 0.002 |
| Scholarly communication | 0.003 | 0.002 |
| Open science | 0.001 | 0.002 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.003 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".