Aspects of Islamic Banking

 

Islamic finance industry is growing rapidly worldwide, both Muslim and non-Muslim countries with 15% growth for the last few years.

With this, there are about 250 Islamic financial institutions over 45 countries worldwide since the emergence in 1970. 

The Islamic finance industry has to compete with the long-existence conventional counterparts which lead to more products innovations.

Rather than the conventional counterparts, the Islamic financial institutions not only to follow the footstep of commercial aspects such as business strategy and profitability, risk and capital management, Anti Money Laundering Act (AMLA) and so forth. The most important is to the adherence of Shariah aspects, which include Shariah compliance and corporate governance.