Does the Islamic financial system design matter?

Abd. Ghafar Ismail, Ismail B. Ahmad

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Purpose – Aims to consider the empirical works on Islamic financial design in the light of room for improvements. Design/methodology/approach – Looks at the many aspects of the Islamic financial system and suggests some prudent and sound regulatory frameworks which are deemed necessary. Findings – Finds that the more services that can be offered by the financial intermediaries, the greater the chances of producing more specialized financial services and diversification of financial institutions. Originality/value – Paves the way for future scholars to examine the systems from the angle of efficiency, effectiveness, rules and regulations, and the present lack of a recognized legal and accounting system.

Original languageEnglish
Pages (from-to)5-16
Number of pages12
JournalHumanomics
Volume22
Issue number1
DOIs
Publication statusPublished - 1 Jan 2006

Fingerprint

Diversification
Financial intermediaries
Regulatory framework
System design
Financial institutions
Legal system
Design methodology
Financial system
Accounting systems
Financial services
Financial System
Intermediaries
Methodology
Originality
Sound

Keywords

  • Banking
  • Capital structure
  • Financial instruments
  • Islam
  • Legal systems
  • Regulation

ASJC Scopus subject areas

  • Philosophy
  • Economics and Econometrics

Cite this

Does the Islamic financial system design matter? / Ismail, Abd. Ghafar; Ahmad, Ismail B.

In: Humanomics, Vol. 22, No. 1, 01.01.2006, p. 5-16.

Research output: Contribution to journalArticle

Ismail, Abd. Ghafar ; Ahmad, Ismail B. / Does the Islamic financial system design matter?. In: Humanomics. 2006 ; Vol. 22, No. 1. pp. 5-16.
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