eprintid: 125
rev_number: 38
eprint_status: archive
userid: 5
dir: disk0/00/00/01/25
datestamp: 2018-11-27 12:50:47
lastmod: 2018-11-27 12:57:14
status_changed: 2018-11-27 12:57:14
type: article
metadata_visibility: show
contact_email: deposit_eprints@ishik.edu.iq
creators_name: Sekreter, Ahmet
creators_id: ahmet.sekreter@ishik.edu.iq
title: Challenges in Islamic Finance
ispublished: pub
subjects: H1
subjects: HB
divisions: ISSUE018
full_text_status: public
keywords: Islamic Finance, Regulations in Islamic Finance, Transparency in Islamic Finance
abstract: The growth of Islamic finance has been observed for the last decades. However Islamic finance is still 1 percent of the whole financial system. It has to overcome some challenges as it grows since it is not growing only in Muslim countries; some questions rise around Islamic finance. Given that the market of Islamic finance is new and fast-growing it is important to understand the differences between conventional and Islamic finance. Are they complements? Are they competing forms of contracts? Will they shape the future (conventional) industry of finance and how? These questions require an integrated understanding of Islamic finance and in particular its relation to conventional products. This paper studies challenges that Islamic finance has to overcome.
date: 2018-09
date_type: published
publication: International Journal of Social Sciences & Educational Studies
volume: 4
number: 5
publisher: Ishik University
pagerange: 83-88
id_number: doi:10.23918/ijsses.v4i5p83
refereed: TRUE
issn: 24091294
official_url: http://dx.doi.org/10.23918/ijsses.v4i5p83
related_url_url: https://www.ishik.edu.iq/
related_url_type: pub
referencetext: El-Hawary, D., Grais, W., & Iqbal, Z. (2007). Diversity in the regulation of Islamic financial institutions. The Quarterly Review of Economics and Finance, 46(5), 778-800. 

Hakim, R. (2013). Harmonization of Shariah Rulings in Islamic Finance: An Analysis. Ijtihad, 7(2). 

Hassan, M. K., & Dicle, M. F. (2005). Basel II and regulatory framework for Islamic banks. Journal of Islamic Economics, Banking and Finance, 1(1), 1-16. 

Nadri, K. (2007). A Critique of Islamic Banking and Finance: Harmonization of Fatawa (Islamic Opinions) and the Nature of Modern Economic Life. Working paper presented at IIUM International Conference on Islamic Banking Finance (IICiBF),(Tehran: Department of Economics of Imam Sadiq University).
citation:   Sekreter, Ahmet  (2018) Challenges in Islamic Finance.  International Journal of Social Sciences & Educational Studies, 4 (5).  pp. 83-88.  ISSN 24091294     
document_url: http://eprints.ishik.edu.iq/125/1/ijsses.v4i5p83.pdf