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Islamic Finance Briefing - Categorized | Emerging Trends, Insurance (Takaful) more

Towards a universal Islamic deposit insurance system

Posted on 22 December 2010

From Opalesque: The concept of deposit insurance in the Islamic finance industry is still relatively new as practitioners are struggling to comprehend whether it conforms to Sharia. Very few countries with Islamic economies have an Islamic deposit insurance system in place as it is a complicated balance between maintaining profit-loss sharing Sharia principles and protecting bank customers (Baeshen, 2010).
Islamic deposit insurance is a Sharia-compliant system that provides protection to depositors against the potential loss of an Islamic bank’s failure (Arshad, 2009)……………………………………….Full Article: Source

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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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