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Document Type
Conference Paper
Publication Date
5-17-2006
Conference Name
Islamic Financial Services Board Summit
Conference Location
Beirut
Conference Dates
May 17-18, 2006
Series
Faculty Research - Book Chapters and Conference Papers
First Page
1
Last Page
9
Keywords
Finance, Islamic finance, Legal frame work
Abstract / Description
Prudential regulations, supervisory mechanisms, monitoring and enforcement arrangements are as important to Islamic finance industry as they are to the rest of the financial industry. The only distinction is that the institutional arrangements governing Islamic finance are to be derived from the specific nature and characteristics of Islamic financial institutions, Islamic financial markets, Islamic financial instruments, Islamic banking laws and the Islamic financial infrastructure. This paper based on a cross country comparison of seven countries which account for most of the Islamic finance activities in the national jurisdictions attempts to highlight the question of adequacy of these institutional arrangements and flag some unresolved issues that need to be addressed by the regulators and industry participants together.
Recommended Citation
Husain, I. (2006). Prudential arrangements for stability and development of Islamic finance., 1-9. Retrieved from https://ir.iba.edu.pk/faculty-research-series/190
