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5 Corporate Governance for Institutions Offering Islamic Financial Services

Barry Rider

From: Islamic Finance: Law and Practice

Edited By: Craig R.Nethercott, David M. Eisenberg

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 22 May 2024

Customer obligations and foreign law — Duties of collecting bank — Criminal proceedings — Basel 2 — Transparency Directive — Equity
5.01 Over the last ten years in particular there has been in many countries a significant increase of interest in the viability and benefits of utilizing Shari‘a-compliant forms of investment. This interest has not been confined to the Islamic world or for that matter those who follow the teachings of the Prophet. For a variety of reasons—some economic, but perhaps mostly political—leading financial markets and institutions have become concerned to at least be seen to be facilitative of those who wish to offer services and products that comport with the principles...
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