The impact of legislative environment on the development of Islamic banking: a comparative study between Malaysia and Afghanistan

Hezbullah, Naseh and Ghalia, Bouhedda (2024) The impact of legislative environment on the development of Islamic banking: a comparative study between Malaysia and Afghanistan. AL-HIKMAH: INTERNATIONAL JOURNAL FOR ISLAMIC STUDIES & HUMAN SCIENCES, 7 (4). pp. 31-54. E-ISSN 2637-0581

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Abstract

This article examines the impact of the legislative environment on the development of Islamic banking through a comparative analysis study of Malaysia and Afghanistan context. The problemstatement highlights how differing legal frameworks in both countries affect the growth and effectiveness of Islamic banking systems. The research objective is to assess how Malaysia's wellestablished legal environment has facilitated the development ofIslamic banking, compared to Afghanistan's evolving legal landscape.. The study employs an analytical and comparative approach to examine key legislative and regulatory differences, focusing on factors such as market penetration, operational efficiency, and Shariah compliance. The findings reveal that a supportive legal and regulatory structure is essential for the success of Islamic banking, suggesting that Afghanistan could improve its legislative framework by adopting best practices from Malaysia's experience.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Keywords: Legislative Environment, Development, Islamic Banking, Malaysian experience, Afghanistan.
Subjects:	BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh H Social Sciences > HB Economic Theory
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Depositing User:	Assoc. Pro Bouhedda Ghalia
Date Deposited:	02 Jan 2025 10:10
Last Modified:	02 Jan 2025 10:10
URI:	http://irep.iium.edu.my/id/eprint/117214

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