PROBLEMATICS OF DEVELOPING ISLAMIC BANKS AND ISLAMIC FINANCIAL INSTITUTIONS

Abstract

This book, “Problematics of Developing Islamic Banks and Islamic Financial Institutions,” offers a critical and comprehensive exploration of the challenges faced by the Islamic finance industry in the contemporary era. It brings together scholarly contributions that examine key issues ranging from the foundational principles of Islamic banking to the complexities of Shariah governance, institutional compliance, and product innovation. The book highlights how Islamic financial institutions continue to navigate structural constraints, competitive pressures, and regulatory demands while striving to remain aligned with Shariah principles.

Furthermore, the book delves into crucial themes such as liquidity management, risk mitigation, market competition, and the role of public awareness, financial literacy, and trust in shaping industry growth. A central focus is placed on the ethical tension between profit-oriented practices and the objectives of maqashid al-shariah, raising important questions about the authenticity and direction of Islamic finance. By offering analytical insights and critical perspectives, this book serves as a valuable reference for academics, practitioners, and policymakers seeking to understand and advance the development of Islamic banking and financial institutions.