A framework for regulating Islamic microfinance institutions

Author

Ismail, Abd al-Ghaffar B.

Edition

1st. ed.

Publisher

Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)

Publication Date

2014-12-31

Country of Publication

Saudi Arabia

No. of Pages

14

Main Subjects

Economy and Commerce
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Financial institutions
• Interdependence
• Microfinance
• Capital
• Shariah censorship
• Corporate governance
• Loan loss reserves
• Charities
• Performance

English Abstract

Regulation is crucial for many reasons.

More important than that is to produce an effective regulatory framework.

In this paper, we will find that the first step in this framework is the philosophical foundation of Islamic microfinance institution’s establishment that is formulated in their operations and incentives.

Second, the policy issues related to regulations need to be addressed, among others: Islamic microfinance institution activities and Islamic microfinance institution-philanthropy links; effectiveness and sustainability; shariah based business model; who are the regulators; and ownership.

Finally, several guidelines will be introduced to produce environmentally effective regulations, among others are the guideline on: the shariah advisory council, corporate governance, group lending policy, loan loss financing, minimum capital and micro-takaful scheme

Table of Contents

• APA
• MLA
• AMA

Language

English

Document Type

Book

Notes

Includes bibliographical references

Record ID

BIM-654639