Development of Islamic banking regulation in selected IDB member countries : a comparative analysis
Joint Authors
Ghazal, Rida
Zulkhibri, Muhammad
Source
Islamic Research and Training Institute
Issue
Vol. 2015, Issue 3-12 (31 Dec. 2015), pp.1-53, 53 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2015-12-31
Country of Publication
Saudi Arabia
No. of Pages
53
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Islamic banks
- Finance(Islamic Law)
- Islamic financial system
- Malaysia
- Islamic law
- Shariah governance(Islamic law)
- United States
- Financial services(Islamic law)
- Financial institutions(Islamic law)
Abstract EN
The paper compares standardization of regulations and standard-setting of Shari’ah-compliance for Islamic banking institutions in 13 Muslim and non-Muslim countries.
The findings suggest that the regulation for Islamic banking institutions in most countries is formulated in the image of conventional banking system.
Some countries lack proper legal framework with some notable issues includes the lack of a dedicated Islamic banking law with few laws relating to corporate governance.
However, most of the countries follow regulation of their domicile and International Accounting Standards (IAS) with some countries are adopting Islamic accounting standards.
The paper also suggests that due to various difficulties to harmonize Islamic banking practices, facilitating cluster or regional regulations and practices may be the first step towards greater harmonization of the Islamic banking system.
American Psychological Association (APA)
Zulkhibri, Muhammad& Ghazal, Rida. 2015. Development of Islamic banking regulation in selected IDB member countries : a comparative analysis. Islamic Research and Training Institute،Vol. 2015, no. 3-12, pp.1-53.
https://search.emarefa.net/detail/BIM-719424
Modern Language Association (MLA)
Zulkhibri, Muhammad& Ghazal, Rida. Development of Islamic banking regulation in selected IDB member countries : a comparative analysis. Islamic Research and Training Institute No. 3-12 (2015), pp.1-53.
https://search.emarefa.net/detail/BIM-719424
American Medical Association (AMA)
Zulkhibri, Muhammad& Ghazal, Rida. Development of Islamic banking regulation in selected IDB member countries : a comparative analysis. Islamic Research and Training Institute. 2015. Vol. 2015, no. 3-12, pp.1-53.
https://search.emarefa.net/detail/BIM-719424
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 48-53
Record ID
BIM-719424