Recent developments in Islamic ?finance regulation and outlook

Due to the significant regulation of the finance industry, development in the regulatory frameworks governing it is a key factor in the success or failure of the industry. While more liberal regulatory regimes may pose opportunities for short-term growth and high-risk investors, dedicated and effective regulation typically builds trust and fosters long-term progression. This is true to both the conventional industry as well as the Islamic finance industry. Thus, regulatory developments and legal reforms have and continue to play a key part in the development of the Islamic finance industry. This article published in International Financen News, IFN Vol. 16, Issue 3 discusses recent developments in the regulation of the Islamic finance industry. For the full article please see the IFN website.