The impact of legislative environment on the development of Islamic banking: a comparative study between Malaysia and Afghanistan
This article examines the impact of the legislative environment on the development of Islamic banking through a comparative analysis study of Malaysia and Afghanistan context. The problemstatement highlights how differing legal frameworks in both countries affect the growth and effectiveness of Is...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
AL HIKMAH RESEARCH & PUBLICATION CENTRE
2024
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/117214/7/117214_The%20impact%20of%20legislative%20environment.pdf http://irep.iium.edu.my/117214/ https://alhikmah.my/index.php/hikmah https://doi.org/10.46722/hikmah.v7i4.533 |
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| Summary: | This article examines the impact of the legislative environment
on the development of Islamic banking through a comparative
analysis study of Malaysia and Afghanistan context. The problemstatement highlights how differing legal frameworks in both countries affect the growth and effectiveness of Islamic banking systems. The research objective is to assess how Malaysia's wellestablished legal environment has facilitated the development ofIslamic banking, compared to Afghanistan's evolving legal
landscape.. The study employs an analytical and comparative
approach to examine key legislative and regulatory differences,
focusing on factors such as market penetration, operational
efficiency, and Shariah compliance. The findings reveal that a
supportive legal and regulatory structure is essential for the
success of Islamic banking, suggesting that Afghanistan could
improve its legislative framework by adopting best practices from Malaysia's experience. |
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