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The Legal and Regulatory Aspects of Islamic Banking: A Comparative Look at the United Kingdom and Malaysia book cover

1st Edition

The Legal and Regulatory Aspects of Islamic Banking A Comparative Look at the United Kingdom and Malaysia

By Abdul Karim Aldohni Copyright 2011
264 Pages
by Routledge

262 Pages
by Routledge

264 Pages
by Routledge
Also available as eBook on:
During the last ten years the Islamic banking sector has grown rapidly, at an international level, as well as in individual jurisdictions including the UK. Islamic finance differs quite substantially from conventional banking, using very different mechanisms, and operating according to a different theory as it is based on Islamic law. Yet at the same time it is always subject to the law of the... Read more

1. Introduction 2. The Historical and Ideological Background of Islamic Banks 3. Legal Analysis of the English Legal System in Comparison to the Islamic Legal System 4. The Legal Description and Classification of Islamic Banks Under the English Law 5. Islamic Banks in Practice: The Operational Aspects of Islamic Banking 6. The Banking Regulatory and Supervisory System in the United Kingdom: An Overview 7. The Application of Islamic Banking Under the Conventional Banking Regulation of the United Kingdom: Fit or Conflict? 8. Islamic Banking in Malaysia, the Malaysian Case Study: A Legal Analysis 9. Concluding Remarks

Biography

Abdul Karim Aldohni is a Lecturer in Law at Newcastle University, UK.

"This book should be essential reading for anyone with an interest in the fastest growth area of banking. Dr. Aldohni has done an excellent job." – Andrew Campbell, Reader in International Banking and Finance Law, University of Leeds, UK 

"Given the rapid growth in Islamic banking and finance, there has been a proliferation of books on the subject matter. One area that is not received much attention is the legal and regulatory environment under which the industry operates. This book fills a gap in the literature by discussing the legal and regulatory issues of Islamic banking in UK in a comprehensive way." – Professor Habib Ahmed, Sharjah Chair in Islamic Law and Finance, School of Government and International Affairs at the University of Durham, UK

"Islamic banking and finance operates on quite different principles than conventional banking, but is also subject to the law of whatever country in which it is found. In this work, Aldohni provides a discussion of the principles, theories, and mechanisms of Islamic banking as they developed in Muslim countries and in the context of British and international regulatory frameworks. He also offers a comparative discussion of legal and regulatory issues of Islamic banking and finance in Malaysia."—Book News

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