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Legal aspect of Islamic banking: a case study of Bahrain

Mohamed Nafees, Seeni Mohamed and Ahmad, Muhamad Hassan and Masum, Ahmad and Md. Dahlan, Nuarrual Hilal (2018) Legal aspect of Islamic banking: a case study of Bahrain. Journal of Islamic Law Review, 14 (1 (Jan-June)). pp. 109-129. ISSN 0973-2918

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Kingdom of Bahrain is considered one of the leading countries in the Middle East where Islamic banking is growing enormously adopting various legal changes necessary to provide a level playing field to the Islamic banking industry. In order to pave the road to smooth running of the industry, innovative and legislative arrangements are introduced from time to time. Notably, the government of Bahrain strives to set it as an international hub for Islamic banking. As such, the Bahrain may be considered as an ideal model for countries which are involved in developing Islamic banking in their respective countries. Eventually, the study finds that Bahrain has introduced various legal changes as well as mandated the adherence to Shariah Standards of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) for smooth running of Islamic banking industry which can be adoptable by other jurisdictions.

Item Type: Article (Journal)
Additional Information: 8116/68397
Uncontrolled Keywords: Islamic Banking, Growth of Islamic Banking, Bahrain, Islamic Finance
Subjects: K Law > K Law (General)
K Law > KBP Islamic Law
K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Ahmad Ibrahim Kulliyyah of Laws
Depositing User: Dr. Muhamad Hassan Ahmad
Date Deposited: 21 Dec 2018 17:09
Last Modified: 21 Dec 2018 17:09
URI: http://irep.iium.edu.my/id/eprint/68397

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