Sharia governance framework of Sharia supervisory boards in Takaful insurance in Arab North African Countries, Ali Shita, Prof. Nassr Ahmad
Ali Nouri Abdullah Shita
PhD Student
Accounting Department, Higher Institute of Science and Technology
Alasabaa
Libya
ORCID: 0009-0003-8347-0234
Professor Nassr Saleh Mohamad Ahmad
Accounting Department, Libyan Open University
Tripoli
Libya
ORCID: 0009-0004-0991-0710
Paper Type: Comparative Study
DOI: 10.47556/B.OUTLOOK2025.23.15
Received: 1 December 2025 / Revised: 22 December 2025 / Accepted: 29 December 2025 / Published: 30 December 2025
Objective: The study aims to undertake a comparative analysis of the Sharia Governance Framework (SGF) of Sharia Supervisory Boards (SSBs) within Takaful insurance across Arab North African Countries (Libya, Tunisia, Algeria, Morocco and Egypt).
Design/Methodology/Approach: The study employs a Comparative Research Approach. Data was gathered through Inductive Content Analysis of the SGF of SSBs of Takaful insurance within each country. A scale index was employed that ranges from 0% to 100%, with 0% indicating very weak content of SGF of BBS, while a score of 100% reflects strong content.
Results: The results of the study indicated that the provisions within the SGF of SSBs in the countries examined are predominantly situated within a range of 33-67%, with varying rates across different jurisdictions. The results were: Egypt 66.5% (Medium); Tunisia 62.5% (Medium); Morocco 53.75% (Medium); Libya 51.25% (Medium); and Algeria 33.75% (Weak).
Contribution: This study is the first in the SSB literature to employ a scale analysis of the SGF of SSBs within Takaful insurance in Arab North African Countries. This approach lends objectivity to the findings and allows legislative bodies to reformulate the regulations in a manner that ensures a more effective role for SSBs in safeguarding the rights of policyholders in the subscribers’ fund.
Keywords: Takaful Insurance; Sharia Governance Framework; Sharia Supervisory Boards; Comparative Research Approach; Arab North African Countries; Inductive Content Analysis; Scale Index.
Citation: Shita, A. N. A. and Ahmad, N. S. M. (2025): Sharia Governance Framework of Sharia Supervisory Boards in Takaful Insurance in Arab North African Countries. In Ahmed, A. (Ed.): United Nations: What Next After 2030 Agenda and SDGs. World Sustainable Development Outlook 2025, Vol. 21, pp. 213-228. WASD: London, United Kingdom.
