A number of Islamic banks and financial institutions are awaiting the passage of a new legislative reform package to regulate the sector in the coming year. The goal of the package is to create an environment conducive for Islamic banks to operate by making available the necessary tools for growth without contradicting the values and practices of Islamic banking.
One such reform would include amendments to Egypt’s current law, which does not distinguish between Islamist and non-Islamist banking institutions. This would force non-Islamist banks to comply by the same standards of Islamist ones………………………………………..Full Article: Source