If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to examine corruption from the perspective of Islam. Design/methodology/approach -The paper takes the form of a critical analysis of the primary sources of Islamic law and extant literature. Findings -In Islam, corruption is vehemently condemned; the meaning and scope of corruption is wide; and Islamic internal constraint is a significant tool against corruption. Practical implications -The paper suggests a manner by which Muslim countries may effectively combat corruption. Originality/value -This paper contributes to a discourse on corruption from an Islamic perspective, which is currently lacking.

Purpose The purpose of this paper is to discuss various situations in the Islamic financial services industry that are asserted to facilitate money laundering and the counter-arguments to the assertions. Design/methodology/approach The approach adopted by this paper is a review of literature and of several practices of Islamic financial institutions in a number of countries. Findings There is no evidence to support the contentions that Islamic financial institutions facilitate money laundering. Further, Islamic financial institutions are not any more susceptible to money laundering than conventional financial institutions are. Originality/value This paper demonstrates that Islamic financial institutions are not conduits for money laundering.

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Purpose -The purpose of this paper is to examine whether insider dealing is fraud from the perspective of Islam. Design/methodology/approach -The paper uses analogy (qiyas) of the injunctions in the Qur'an and Sunnah and critical analysis of literature on Islam. Findings -The paper finds that insider dealing is fraud (taghrir) in Islam and the defrauded party has the option to rescind the transaction for fraud (khiyar al-tadlis) as well as for latent defect (khiyar al-'aib). Practical implications -The paper is practical as a source of reference in legislating laws relating to insider dealing particularly where Shari'ah is the principal source of law. Originality/value -The paper presents a novel attempt in establishing that insider dealing is fraud from the perspective of Islam.

PurposeThe purpose of this paper is to establish that financial crimes are unlawful (haram) in Islam and accordingly, the responsibilities of the Sharia's Supervisory Boards of Islamic financial institutions include the prevention and control of financial crimes.Design/methodology/approachThe paper presents an analogy (qiyas) of the injunctions in the Qur'an and Sunna.FindingsFinancial crimes are prohibited in Islam as much as, if not more than, their prohibition by temporal laws.Practical implicationsThe responsibilities of the Shari'a Supervisory Boards in ensuring “Shari'a‐compliance” on the part of the Islamic financial institutions include a wider ambit. It includes the prevention and control of financial crimes.Originality/valueThe paper provides additional dimension to Sharia's governance framework for the Islamic financial services industry.