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A Regulatory Framework for Islamic Banks

This paper seeks to provide a framework for addressing regulatory issues which impact operations and institutional development of Islamic banks. Arguing against universal regulation or creating separate specialized regulations, the approach in this paper uses the regulatory dialectic principle...

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Main Authors: Abd. Ghafar Ismail, Nur Azura Sanusi
Format: Article
Language:English
Published: Kolej Universiti Islam Malaysia 2012
Subjects:
Islamic banks
Regulation
Legal requirement
Capital structure
Online Access:http://ddms.usim.edu.my/handle/123456789/5300
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spelling my.usim-53002015-03-02T02:23:13Z A Regulatory Framework for Islamic Banks Abd. Ghafar Ismail Nur Azura Sanusi Islamic banks Regulation Legal requirement Capital structure This paper seeks to provide a framework for addressing regulatory issues which impact operations and institutional development of Islamic banks. Arguing against universal regulation or creating separate specialized regulations, the approach in this paper uses the regulatory dialectic principle to highlight the need to regulate Islamic banks and focuses on the area of regulations that need to be covered and regulated. The area of regulations can be classified into seven broad categories, i.e regulations on bank activities, bank entry, capital adequacy, deposit insurance, monitoring, government ownership and supervision. The area of regulations providing stability in a financial system context cannot develop without a conducive legal and regulatory environment. Finally, we will introduce the CAMEL rating to measure the soundness of Islamic banks. 2012-02-16T07:44:40Z 2012-02-16T07:44:40Z 2004 Article 1823075X http://ddms.usim.edu.my/handle/123456789/5300 en Vol 1, No.1 2004; Kolej Universiti Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Islamic banks
Regulation
Legal requirement
Capital structure
spellingShingle Islamic banks
Regulation
Legal requirement
Capital structure
Abd. Ghafar Ismail
Nur Azura Sanusi
A Regulatory Framework for Islamic Banks
description This paper seeks to provide a framework for addressing regulatory issues which impact operations and institutional development of Islamic banks. Arguing against universal regulation or creating separate specialized regulations, the approach in this paper uses the regulatory dialectic principle to highlight the need to regulate Islamic banks and focuses on the area of regulations that need to be covered and regulated. The area of regulations can be classified into seven broad categories, i.e regulations on bank activities, bank entry, capital adequacy, deposit insurance, monitoring, government ownership and supervision. The area of regulations providing stability in a financial system context cannot develop without a conducive legal and regulatory environment. Finally, we will introduce the CAMEL rating to measure the soundness of Islamic banks.
format Article
author Abd. Ghafar Ismail
Nur Azura Sanusi
author_facet Abd. Ghafar Ismail
Nur Azura Sanusi
author_sort Abd. Ghafar Ismail
title A Regulatory Framework for Islamic Banks
title_short A Regulatory Framework for Islamic Banks
title_full A Regulatory Framework for Islamic Banks
title_fullStr A Regulatory Framework for Islamic Banks
title_full_unstemmed A Regulatory Framework for Islamic Banks
title_sort regulatory framework for islamic banks
publisher Kolej Universiti Islam Malaysia
publishDate 2012
url http://ddms.usim.edu.my/handle/123456789/5300
_version_ 1645151637891710976
score 13.222552

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