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International Regulatory Bodies and Standards for Islamic Financial Institutions

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International Regulatory Bodies and Standards for Islamic Financial Institutions - Research Paper Example

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The paper "International Regulatory Bodies and Standards for Islamic Financial Institutions" focuses on the critical analysis of Islamic banking, its regulation, and challenges faced in regulation. Accounting for Islamic finance is done as a requirement in the Quran…

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International Regulatory Bodies and Standards for Islamic Financial Institutions

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Subject: Law
Type: Research Paper
Level: Undergraduate
Pages: 19 (4750 words)
Downloads: 0

Extract of sample "International Regulatory Bodies and Standards for Islamic Financial Institutions"

Table of Contents

I.Abstract3

II.Introduction3

III.Body4

Principles and characteristics of Islamic finance4

Detailed Moral and Ethical Screen5

Prohibition of Interest or Riba6

Realism or real-life validity6

Rationale for regulation7

The Legal, Corporate and Regulatory Frameworks in Islamic Banking8

The legal framework8

Corporate Governance9

The Regulatory Framework10

Challenges faced by regulatory bodies in regulating IFIS10

Protection of Depositors11

Motoring of Islamic assets12

Bank inspection12

Islamic accounting and the need for Islamic accounting standards13

The work of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB)14

Implementation of the Islamic Accounting Standards15

The Supervision of IFIs In Practice16

IV.Conclusion17

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International Regulatory Bodies and Standards for Islamic Financial Institutions Research Paper Example | Topics and Well Written Essays - 4750 words. https://studentshare.org/law/2095155-international-regulatory-bodies-and-standards-for-islamic-financial-institutions

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International Regulatory Bodies and Standards for Islamic Financial Institutions Research Paper Example | Topics and Well Written Essays - 4750 Words. https://studentshare.org/law/2095155-international-regulatory-bodies-and-standards-for-islamic-financial-institutions.

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