An IMF discussion paper titled “Regulation and Supervision of Islamic Banks”, questions the conventional post financial crisis thinking of Islamic banks being more stable than conventional banks. The paper concludes Islamic banks are just as exposed to risks as conventional banks and due to Sharia’h compliance face specific risks unique to their sector. The report details the com... »

IMF Working Paper – Published December 2014 Monetary and Capital Markets Department Regulation and Supervision of Islamic Banks Prepared by Alejandro López Mejía, Suliman Aljabrin, Rachid Awad, Mohamed Norat, and Inwon Song  Download: IMF – Regulation and Supervision of Islamic Banks Most computers will open PDF documents automatically, but you may need Adobe Reader   »

Islamic Finance has only made substantial advances within the last decade. The Islamic banking industry, in particular, has been growing at a sustained rate, despite being at a nascent stage. Total Islamic banking assets are expected to increase to USD1.7tln in end-2014, having recorded a Compounded Annual Growth Rate (CAGR) of 14.1% between 2009 and 2014. The largest Islamic banking markets are i... »