Abstract:

It is important, here to identify that the experience of the banks and Islamic financial institutions shall be considered as a modern system which arising out after more than one century from the establishing of traditional banks in the world in its recent meaning particularly after the great western industrial revaluation.

Despite that the Islamic banks manager to atten the greater part of success that after to the willingness of good ethics and believes.

The model of Sharia control has grown up simultaneously with the establishment of the Islamic banks in the seventh decade from the last century - mainly the 20 th century.

The Sharia boards and its fatawa played a significant role in spite of the diverse environment of banking and laws, regulation, jurisprudentially issues, which incurred.

The distinctive factor that participation of Sharia boards controls in developing its activities and researchers in the field of Islamic banking is undeniable but there is still a need to a dramatic change in providing new categories and specific means and measures to Sharia control in country, regional, and international levels.

The system and the Sharia boards control need further elaboration and studies not only the qualifications but also to build a professional practice according to an obvious view in order to reach the goals in its mainframe of the banking system which represent a branch system in the frame of the Islamic civilization and an invitation to appeal in the contemporary life.

No doubt that this study represent a modest contribution and attempt to cover the shortage along this direction in anonlge to required efforts and expected tremendous task if so, at least in preparing the priorities and the intended achievement.

The research will be touching following issues:

1 - The legal foundation.