Articles
A strategic design of Islamic banking regulations
A set of prudential regulations are essential for the sound operation of the Islamic banking system. Such regulations should not just protect and promote fundamentals of Islamic banking. They should also bridge the gap between the Islamic and the conventional banking systems. The two systems have a lot in common. This makes it easier to apply some principles of conventional banking supervision to Islamic banks. While devising the regulatory framework for Islamic banks, regulators must also recognize the difference between the theory and practice of Islamic banking.
Glossary terms of Islamic finance
This article provides an extensive glossary of Arabic terms pertaining to Islamic banking and other economic activities.
Islamic capital market: its pillars of faith
This article provides background on the development of Islamic finance, particularly that of the Islamic capital market in Malaysia since 1990. The guidelines employed by the Securities Commission's Shari`a Advisory_x000D_ Council for evaluating securities and industries are discussed. The Islamic finance industry has expanded significantly in recent years. In order to continue such growth, innovation and the ability to adapt to changes are necessary.