The Current Status of Islamic Bank Regulation in the World

Journal of Islamic Economics, Banking and Finance, Vol-13, No. 1, Jan-Mar, 2017

11 Pages Posted: 31 Oct 2018

See all articles by M. Kabir Hassan

M. Kabir Hassan

University of New Orleans - College of Business Administration - Department of Economics and Finance

Jennifer Brodmann

University of New Orleans

Blake Rayfield

University of New Orleans

Date Written: 2017

Abstract

The general consensus on the status of Islamic bank regulation in previous research literature has indicated that there are several improvements that need to be made in order for Islamic bank regulation to become effective. This paper examines a survey administered to Islamic finance stakeholders from 41 countries on the current status of Islamic bank regulation in their respective jurisdictions. We hypothesize that the current status of Islamic bank regulation is considered to be in its development stage and that further improvement and development is required for Islamic banking to foster growth in the Islamic banking industry. The results from this survey bring insight as to what improvements should be undertaken to further develop Islamic bank regulation in OIC member countries.

Keywords: Islamic bank regulation, growth, OIC member countries

Suggested Citation

Hassan, M. Kabir and Brodmann, Jennifer and Rayfield, Blake, The Current Status of Islamic Bank Regulation in the World (2017). Journal of Islamic Economics, Banking and Finance, Vol-13, No. 1, Jan-Mar, 2017, Available at SSRN: https://ssrn.com/abstract=3263076

M. Kabir Hassan (Contact Author)

University of New Orleans - College of Business Administration - Department of Economics and Finance ( email )

2000 Lakeshore Drive
New Orleans, LA 70148
United States

Jennifer Brodmann

University of New Orleans ( email )

2000 Lakeshore Drive
New Orleans, LA 70148
United States

Blake Rayfield

University of New Orleans ( email )

2000 Lakeshore Drive
New Orleans, LA 70148
United States

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