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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Serials Publications (P) Ltd.
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/68400/ http://irep.iium.edu.my/68400/1/68400_LEGAL%20AND%20REGULATORY%20ISSUES.pdf |
| _version_ | 1848786934285991936 |
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| 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 |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T17:16:55Z |
| format | Article |
| id | iium-68400 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:16:55Z |
| publishDate | 2018 |
| publisher | Serials Publications (P) Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-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 |
| 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 |
| title | 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_short | Legal and regulatory issues in Islamic banking: a Sri Lankan experience |
| title_sort | legal and regulatory issues in islamic banking: a sri lankan experience |
| topic | K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh |
| url | http://irep.iium.edu.my/68400/ http://irep.iium.edu.my/68400/ http://irep.iium.edu.my/68400/1/68400_LEGAL%20AND%20REGULATORY%20ISSUES.pdf |