Cover IMF Working Papers
Islamic Banking Regulation and Supervision: Survey Results and Challenges
Author:
Mr. In W Song
Search for other papers by Mr. In W Song in
Current site
Google Scholar
PubMedClose
and
Carel Oosthuizennull

Search for other papers by Carel Oosthuizen in
Current site
Google Scholar
PubMedClose
Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 220
Language:
English
Publication Date:
12 Dec 2014
DOI:
https://doi.org/10.5089/9781498380928.001
ISBN:
9781498380928
ISSN:
1018-5941
Pages:
42
Keywords:
WP; bank; Shariah compliance; conventional bank; supervisory authority; Banking supervision; Islamic banks; regulatory framework; internal auditor; Shariah compliance officer; bank distress resolution framework; banking product; bank resolution; Islamic banking; Capital adequacy requirements; Islamic banking supervision; Legal support in revenue administration; Market risk; Africa; Global; Sub-Saharan Africa; Europe; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1 MB) Download Epub
The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2014: Issue 220