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International Conference onIslamic Microfinance in Mauritius
CENTER OF ISLAMIC BANKING & ECNOMICS
OrganizedBy :
 
International Conferences on Islamic Banking and Finance in Mauritius,5th-6th April, 2011, Gold Crest Hotel, Mauritius
2
Regulation on theParameterization of IslamicFinancial Products
Abdul Ghafar IsmailShofian Ahmad
Research Center for Islamic Economics and FinanceUniversiti Kebangsaan Malaysia
 
Introduction
cross-borderactivitiesopenupthenewchallengesforhostandhomenations
TheseactivitiesaffecttheIFI,whichisrecognizedasaninstitutionthatacceptsdifferentrules
 butlatelygainingacceptanceinglobalfinancialmarketsduetothesetupofnewinstitutionssuchasAAOIFIandIFSB,plusresearchinstitutionssuchsuchasFiqhAcademy,al-huda,ISRAandEKONIS
Theresponsefromeachjurisdictionhasbeentoattemptan
 Islamicintegration
intotheinternationalfinancialsystemandexpandthecontributionofIslamicfinancetorealeconomy² How?-byhavingaccountingstandardsandprudentialregulation
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