There are two major corporate finance issues in the Islamic finance industry. Firstly, the responsibilities of the Shariah board and who they should report to; and secondly the role of the investment Mudarabah depositors as stakeholders. As these are unique concerns for Islamic finance they have not concerned the wider finance industry, although arguably they should be of concern to conventional banks offering Islamic windows. The profile of governance issues in Islamic finance has been heightened thanks to the efforts....