Banking stability is currently facing significant challenges, especially in the oil-rich Middle East, where banks navigate fluctuating oil revenues, concentrated ownership, and unique political influences. The interaction between Islamic and conventional banking adds another layer of complexity. When governance is strong, it bolsters accountability and enhances financial resilience, but ineffective oversight can lead to heightened risks and potential insolvency. This insightful book dives into the dynamics of corporate, Shariah, and institutional governance in the Gulf Cooperation Council countries and Iraq. It highlights how board structures, ownership patterns, and bank types can impact insolvency risks. Regulators will find valuable guidance on designing effective frameworks for dual banking systems. Aimed at researchers, policymakers, regulators, students, and banking professionals alike, this book is an essential resource for anyone looking to foster financial stability in the vibrant, oil-dependent economies of the Middle East. Dive in and discover how prudential governance brings a stronger banking future!