THE ROLE OF SHARIA BOARDS IN APPROVING AND MONITORING ISLAMIC BANKING SERVICES: A LEGAL ANALYSIS

This paper presents a detailed legal and comparative analysis of the functions, challenges, and regulatory models of Sharia boards in Islamic banking services. Drawing on global best practices, authoritative legal sources, and scholarly opinions from respected Sunni jurists, this study highlights the pivotal role of Sharia governance in ensuring the ethical and legal compliance of Islamic financial institutions (IFIs). It also evaluates the prospects of implementing Sharia boards in Uzbekistan, given the regional and international experience, and offers recommendations for a sustainable legal framework.