Does an Islamic finance industry need a unification of standards? A qualitative discussion

• Main Authors: Mohamad, Azhar, Kashi, Aghilasse
• Format: Article
• Language: English; English
• Published: Arab Law Quarterly 2017
• Subjects: HG Finance; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/59558/7/Does%20an%20Islamic%20Finance%20Industry%20Need%20a%20Unification%20of%20Standards%20A%20Qualitative%20Discussion.pdf; http://irep.iium.edu.my/59558/13/59558_Does%20an%20Islamic%20Finance%20Industry.pdf; http://irep.iium.edu.my/59558/; http://booksandjournals.brillonline.com/content/journals/10.1163/15730255-12313031

The two main problems faced by the Islamic finance industry in Muslim countries are that the markets are fragmented, which gives rise to different governing standards, and that the markets’ growth is very much region-centric. In this article, using a qualitative approach, we identify the obstacles f...