Purpose – Aims to consider the empirical works on Islamic financial design in the light of room for improvements. Design/methodology/approach – Looks at the many aspects of the Islamic financial system and suggests some prudent and sound regulatory frameworks which are deemed necessary. Findings – Finds that the more services that can be offered by the financial intermediaries, the greater the chances of producing more specialized financial services and diversification of financial institutions. Originality/value – Paves the way for future scholars to examine the systems from the angle of efficiency, effectiveness, rules and regulations, and the present lack of a recognized legal and accounting system.
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Volume (Year): 22 (2006) Issue (Month): 1 (February) Pages: 5-16 Download reference. The following formats are available: HTML
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