The Legal and Regulatory Aspects of Islamic Banking A comparative look at the United Kingdom and Malaysia

• Main Author: Aldohni, Abdul Karim (Author)
• Format: Book
• Language: English
• Published: Milton Park, Abingdon, Oxon NY Routledge 2011
• Series: Routledge research in finance and banking law
• Subjects: Banking law > Great Britain; Banking law > Malaysia; Banks and banking > Religious aspects > Islam; Banking law (Islamic law) > Religious aspects > Islam; Banks and banking > State supervision
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xv, 243 pages 24 cm
• Bibliography: Includes bibliographical references (p. [221]-236) and index
• ISBN: 9780415555159; 0415555159

During the last ten years the Islamic banking sector has grown rapidly, at an international level, as well as in individual jurisdictions including the UK. Islamic finance differs quite substantially from conventional banking, using very different mechanisms, and operating according to a different theory as it is based on Islamic law. Yet at the same time it is always subject to the law of the particular financial market in which it operates. This book takes a much-needed and comprehensive look at the legal and regulatory aspects which affect Islamic finance law, and examines the current UK and international banking regulatory frameworks which impact on this sector.