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The Regulation of Islamic Finance in the United Kingdom

  • Jonathan Ercanbrack (a1)
Abstract

This article examines the unique risks associated with Islamic financial institutions and the secular state's reticence to directly regulate their religious dimension. It argues that the state's method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks.

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References
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R Ballard , ‘Coalitions of reciprocity and the maintenance of financial integrity within informal value transmission systems: the operational dynamics of contemporary hawala networks’, (2005) 6 Journal of Banking Regulation

W Menski , Comparative Law in a Global Context: The Legal Systems of Asia and Africa (Cambridge, 2006)

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Ecclesiastical Law Journal
  • ISSN: 0956-618X
  • EISSN: 1751-8539
  • URL: /core/journals/ecclesiastical-law-journal
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