Islamic Finance: Practitioners, Scholars, Regulators – Who Is Driving the Industry? - CIS Seminar Report

The report delves into the vexed question of who is driving the Islamic finance industry, which has multiple players – Islamic scholars, regulators and, finally, practitioners – in the fray. It outlines the historical evolution of the industry and concomitantly the roles of its disparate stakeholders during the different stages of development. Starting with a few isolated and independent initiatives, the industry has evolved to acquire the robust shape it has today. It continues to grow as it tries to respond to the challenges presented to it, albeit through greater cooperation and collaboration among stakeholders.