Islamic finance: current legal and regulatory issues

Syed Nazim Ali, CH Moore

Research output: Book/ReportBookpeer-review

Abstract


The Sixth Harvard University Forum on Islamic Finance was held from May 8-9 2004. This book is a compilation of selected writings that were originally presented at this forum. It is divided into four broad sections, with an introduction by Clement M. Henry, Professor of Government and Middle Easter Studies at the University of Texas (Austin). The first section is an introduction to the challenges of regulation within Islamic finance, and deals with moral hazard in Islamic finance. Section 2 focuses on newer instruments of Islamic Finance, with three articles on developing trends within the field in different parts of the globe. Section 3 focuses debate on certain ethical issues confronting Islamic finance today, including a paper on the flaws inherent in a fatwa-based regulatory system. Finally, Section 4 details the challenges faced by Islamic Finance. The book includes a guide to the contributors, as well as a glossary of terms at the end.
Original languageEnglish
Publication statusPublished - 2005
Externally publishedYes

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