Despite an impressive 12 months for Islamic finance, the view from the industry is that results could be even greater if hurdles concerning taxation, regulation, legal frameworks, market challenges and a lack of qualified scholars are tackled.
Islamic finance, from a very humble beginning in 1963, has become a global phenomenon. Today, the industry covers many dimensions – such as asset classes, product types, industry players, issuers and investors – and spans various markets and regulators as well as jurisdictions. Such expansion and growth is undoubtedly welcome...............................................Full Article: Source
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