Regulating Islamic Banking: A Malaysian Perspective

Banking regulations can generally be defined as the framework controlling the creation, operation and liquidation of banks in an economy. While the rest of the world and industry continue on with the business of arguing as to what level of banking regulation is needed, in many corners of the world a different type of banking system is on the rise, which is Islamic banking. Regulation of the Islamic banking sector in Malaysia stands out from rest of the competing nations in the dual banking system. The sophisticated Malaysian financial industry running both the conventional and Islamic finance in a parallel system calls for a need of a stable regulatory framework.

Islamic Banking, Islamic Finance
Assoc. Prof. Nafis Alam and Lokesh Gupta



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