Islamic banks : an overview of legal, regulstory and supervisory frameworks
Author
Source
Revue Reformes Economiques et Intégration En Economie Mondiale
Issue
Vol. 13, Issue 3 (31 Dec. 2019), pp.1-21, 21 p.
Publisher
Publication Date
2019-12-31
Country of Publication
Algeria
No. of Pages
21
Main Subjects
Economics & Business Administration
Topics
Abstract EN
This paper aims to identify challenges faced by regulatory and supervisory agencies regarding Islamic banking, to develop a better understanding of Islamic banks (IBs) and to provide policy recommendations to enhance the supervision of IBs.
In light of the risks experienced by IBs, the article states that they need: A sound legal, corporate and regulatory framework; which is a key precondition for a safe development of Islamic Bank (IB).
They also need developing a better understanding of Islamic banking, providing policy recommendations to enhance the supervision of IBs, adoption of Shari'ah law standards across jurisdictions, creating an effective, efficient and robust regulatory structure, implementing the AAOFI, IFSB and Basel II legal and regulatory standards.
In addition, the creation of Islamic financial benchmark and Shari'ah harmonization with existing legal and policy frameworks.
American Psychological Association (APA)
Ziani, Iman Hiba. 2019. Islamic banks : an overview of legal, regulstory and supervisory frameworks. Revue Reformes Economiques et Intégration En Economie Mondiale،Vol. 13, no. 3, pp.1-21.
https://search.emarefa.net/detail/BIM-987641
Modern Language Association (MLA)
Ziani, Iman Hiba. Islamic banks : an overview of legal, regulstory and supervisory frameworks. Revue Reformes Economiques et Intégration En Economie Mondiale Vol. 13, no. 3 (2019), pp.1-21.
https://search.emarefa.net/detail/BIM-987641
American Medical Association (AMA)
Ziani, Iman Hiba. Islamic banks : an overview of legal, regulstory and supervisory frameworks. Revue Reformes Economiques et Intégration En Economie Mondiale. 2019. Vol. 13, no. 3, pp.1-21.
https://search.emarefa.net/detail/BIM-987641
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 21
Record ID
BIM-987641