Strengthening Legal, Information and Governance Infrastructure for Islamic Finance

https://islamicmarkets.com/articles/strengthening-legal-information-and-governance-infrastructure-for-islamic-finance
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A strengthening of legal, information and governance infrastructure for Islamic finance at the national level is part of the broader strategy needed to develop efficient and liquid money and capital markets in Islamic finance instruments and enhanced access to a wide range of financial services.

The strategy to develop institutions, markets and infrastructure needs to be properly prioritised, and be supported by appropriate risk mitigation policies in order to maintain stability. Key elements of this strategy are:

Recognise more explicitly the position of Islamic finance in financial sector laws, and in the supervisory regime, so that the unique operational features of Islamic finance can be recognised in the regulatory fram...