The Growing Importance of Islamic Finance in the Global Financial System

  The growing importance of Islamic finance in the global financial system Remarks by Mr Malcolm D Knight, General Manager of the BIS, at the 2nd Islamic Financial Services Board Forum, Frankfurt, 6 December 2007. Abstract Although there are differences between Islamic banking and "conventional" banking, there are some fundamental principles that apply equally

Read More

Shariah Governance – The real nexus for comprehensive Islamic financial regulatory and supervisory infrastructure

  Shariah Governance – The real nexus for comprehensive Islamic financial regulatory and supervisory infrastructure By Suapi Shaffaii – 28 August 2008 (published and retitled “How Shariah Governance Empowers Islamic Finance” in Islamic Finance News Vol.5, Issue 36, 12 September 2008) 1. I always believe that a strong political determination will significantly set

Read More