From legalism to value-oriented Islamic finance practices
What is it about?
This paper aims to provide analysis on the state of Islamic finance through critical appraisal on its current form and practices. This paper argues that the current form of Islamic finance practices is due to its legalistic approach and hence requires value-oriented reform. In this regard, Shari’ah governance system can be one of the mechanisms toward such reformation.
Why is it important?
This paper provides valuable discussion and fresh and recent information on Islamic finance practices including Shari’ah governance practices of IFIs through case studies. The study shares experience of Malaysia in developing its Islamic finance framework and practices from legalistic towards value-oriented approach
The following have contributed to this page: Dr zulkifli hasan
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