Legal aspect of Islamic Banking: a case study of Bahrain
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, innovat...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Serials Publications
2018
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25708/1/JILR%2014%201%202018%20109%20129.pdf |
| _version_ | 1825805340382330880 |
|---|---|
| author | Nafees, S.M. Mohamed Ahmad, Muhamad Hassan Masum, Ahmad Md Dahlan, Nuarrual Hilal |
| author_facet | Nafees, S.M. Mohamed Ahmad, Muhamad Hassan Masum, Ahmad Md Dahlan, Nuarrual Hilal |
| author_sort | Nafees, S.M. Mohamed |
| collection | UUM |
| description | 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 Shari‘ah 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. |
| first_indexed | 2024-07-04T06:30:43Z |
| format | Article |
| id | uum-25708 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:30:43Z |
| publishDate | 2018 |
| publisher | Serials Publications |
| record_format | eprints |
| spelling | uum-257082019-03-04T00:58:02Z https://repo.uum.edu.my/id/eprint/25708/ Legal aspect of Islamic Banking: a case study of Bahrain Nafees, S.M. Mohamed Ahmad, Muhamad Hassan Masum, Ahmad Md Dahlan, Nuarrual Hilal KZ Law of Nations 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 Shari‘ah 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. Serials Publications 2018-06 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/25708/1/JILR%2014%201%202018%20109%20129.pdf Nafees, S.M. 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). pp. 109-129. ISSN 0973 2918 http://www.serialspublications.com/journals/journal-detail.php?jid=262 |
| spellingShingle | KZ Law of Nations Nafees, S.M. Mohamed Ahmad, Muhamad Hassan Masum, Ahmad Md Dahlan, Nuarrual Hilal Legal aspect of Islamic Banking: a case study of Bahrain |
| title | Legal aspect of Islamic Banking: a case study of Bahrain |
| title_full | Legal aspect of Islamic Banking: a case study of Bahrain |
| title_fullStr | Legal aspect of Islamic Banking: a case study of Bahrain |
| title_full_unstemmed | Legal aspect of Islamic Banking: a case study of Bahrain |
| title_short | Legal aspect of Islamic Banking: a case study of Bahrain |
| title_sort | legal aspect of islamic banking a case study of bahrain |
| topic | KZ Law of Nations |
| url | https://repo.uum.edu.my/id/eprint/25708/1/JILR%2014%201%202018%20109%20129.pdf |
| work_keys_str_mv | AT nafeessmmohamed legalaspectofislamicbankingacasestudyofbahrain AT ahmadmuhamadhassan legalaspectofislamicbankingacasestudyofbahrain AT masumahmad legalaspectofislamicbankingacasestudyofbahrain AT mddahlannuarrualhilal legalaspectofislamicbankingacasestudyofbahrain |