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Legal and regulatory issues in Islamic banking: a Sri Lankan experience

At the heart of every robust economy is a sound banking system which is ensured when an improved and standard legal system is in place. Sri Lanka is one of the non-Muslim countries that have legislation conducive to some extent for the operation of the Islamic banking. However, there are a number of...

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Main Authors: Nafees, Seeni Mohamed, Ahmad, Muhamad Hassan, Masum, Ahmad, Md Nor, Mohd Zakhiri
Format: Article
Language:English
Published: Serials Publications (P) Ltd. 2018
Subjects:
K Law (General)
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
Online Access:http://irep.iium.edu.my/68400/1/68400_LEGAL%20AND%20REGULATORY%20ISSUES.pdf
http://irep.iium.edu.my/68400/
http://serialsjournals.com/journal-detail.php?journals_id=272
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spelling my.iium.irep.684002018-12-24T06:47:49Z http://irep.iium.edu.my/68400/ Legal and regulatory issues in Islamic banking: a Sri Lankan experience Nafees, Seeni Mohamed Ahmad, Muhamad Hassan Masum, Ahmad Md Nor, Mohd Zakhiri K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh At the heart of every robust economy is a sound banking system which is ensured when an improved and standard legal system is in place. Sri Lanka is one of the non-Muslim countries that have legislation conducive to some extent for the operation of the Islamic banking. However, there are a number of hurdles for the development of Islamic banking. Therefore, this paper strives to examine selected legal and regulatory issues in Sri Lanka where Islamic banking is operated since 1997. The study found that although Islamic banking is successfully carried out to a certain extent, there are many identifiable legal and regulatory issues that have to be addressed in due course so as to push the industry to go forward more successfully and rapidly. Serials Publications (P) Ltd. 2018-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68400/1/68400_LEGAL%20AND%20REGULATORY%20ISSUES.pdf Nafees, Seeni Mohamed and Ahmad, Muhamad Hassan and Masum, Ahmad and Md Nor, Mohd Zakhiri (2018) Legal and regulatory issues in Islamic banking: a Sri Lankan experience. Journal of Islamic Law Review, 14 (2 (Jan-June)). pp. 379-397. ISSN 0973-2918 http://serialsjournals.com/journal-detail.php?journals_id=272
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic K Law (General)
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
spellingShingle K Law (General)
KBP Islamic Law
KBP1 Islamic law.Shariah.Fiqh
Nafees, Seeni Mohamed
Ahmad, Muhamad Hassan
Masum, Ahmad
Md Nor, Mohd Zakhiri
Legal and regulatory issues in Islamic banking: a Sri Lankan experience
description At the heart of every robust economy is a sound banking system which is ensured when an improved and standard legal system is in place. Sri Lanka is one of the non-Muslim countries that have legislation conducive to some extent for the operation of the Islamic banking. However, there are a number of hurdles for the development of Islamic banking. Therefore, this paper strives to examine selected legal and regulatory issues in Sri Lanka where Islamic banking is operated since 1997. The study found that although Islamic banking is successfully carried out to a certain extent, there are many identifiable legal and regulatory issues that have to be addressed in due course so as to push the industry to go forward more successfully and rapidly.
format Article
author Nafees, Seeni Mohamed
Ahmad, Muhamad Hassan
Masum, Ahmad
Md Nor, Mohd Zakhiri
author_facet Nafees, Seeni Mohamed
Ahmad, Muhamad Hassan
Masum, Ahmad
Md Nor, Mohd Zakhiri
author_sort Nafees, Seeni Mohamed
title Legal and regulatory issues in Islamic banking: a Sri Lankan experience
title_short Legal and regulatory issues in Islamic banking: a Sri Lankan experience
title_full Legal and regulatory issues in Islamic banking: a Sri Lankan experience
title_fullStr Legal and regulatory issues in Islamic banking: a Sri Lankan experience
title_full_unstemmed Legal and regulatory issues in Islamic banking: a Sri Lankan experience
title_sort legal and regulatory issues in islamic banking: a sri lankan experience
publisher Serials Publications (P) Ltd.
publishDate 2018
url http://irep.iium.edu.my/68400/1/68400_LEGAL%20AND%20REGULATORY%20ISSUES.pdf
http://irep.iium.edu.my/68400/
http://serialsjournals.com/journal-detail.php?journals_id=272
_version_ 1643618595217866752
score 13.211869

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