Skip to main content
Home
Muslim-Investor.com
Resources on Islamic Investment, Banking, Finance and Insurance
  • About
  • FAQ
  • Advertise
  • Forums
  • Site Map
  • Contact

Need to keep in tune with time- UAE

  1. Home

Thu, 2007/06/21 - 21:31 by Muslim Investor

In an attempt to iron out minor clogs in its system and achieve complete harmony with the conventional banking system, the global Islamic banking and financial market was going through standardisation upheavals.But the churning process was inevitable to ensure a standardised single-structure for the sector to grow by leaps and bounds. The International Financial Market 2007 conference that got under way here yesterday reflected that global Islamic banking dilemma and its efforts to bail itself out of the uniform model muddle.

"Uniformity is possible only when we leverage on the centuries of experience of Islamic banking and at the same time keep in tune with the demands of the times. There is no difference between Islamic banks and conventional banks at the conceptual levels, only the routes adopted are different," said the Director of Islamic Banking Department of State Bank of Pakistan, Pervez Said. He underlined the need for evolving standardised fatwas that could ensure that elusive standardisation in the Islamic banking sector at the local, regional and global levels, but with a word of caution. "There should be uniformity but not to a level where it will kill innovation."

Read the full article.

  • Log in to post comments

User login

  • Reset password

Site map

Main menu

  • About
  • FAQ
  • Advertise
  • Forums
  • Site Map
  • Contact

Contents

  • Introduction
  • Basics
  • Principles
  • Scholar Answers
  • Stocks
  • Resources
    • General
    • Directories
    • Fatwas
    • Institutions
    • Education
    • Research
    • Books
    • Law Firms
    • Miscellaneous
  • Miscellany

Forums

  • Discussions
    • Investment
    • Financing
    • Banking
    • Insurance
    • Investment Scams
  • Site Related
    • Site Questions and Support

Scholar Answers

  • Bio - Yusuf Talal DeLorenzo
  • Shariah Screening
  • Mortgage on Investment properties
  • The Residual Value of Leased Assets
  • 401K Plan
more

Search

Book navigation

  • FAQ: Frequently Asked Questions

Venture Capital

  • FINANCE REQUIRED TO REBUILD INDIA & GCC
  • Instructions for Venture Capital Opportunities
  • hms 1/2 and used rails for sale
  • seeking investors for a franchise business in Indonesia
  • Need a investor to start business in maldives
more

© Copyright 1999-2025 Muslim-Investor.com.
All rights reserved.
All comments and articles by others are copyright by their owner, and reflect their views and opinions, which may not necessarily be consistent with the views and opinions of Muslim-Investor.com.
Please read our Terms of Use, and Privacy policy before you register for an account or post any information.