The Regulation of Islamic Financial Institutions (IFIs) and Ethical Oversight in South Asia

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The Regulation of Islamic Financial Institutions (IFIs) and Ethical Oversight in South Asia is written by A.H.M. Ershad Uddin and published by Springer Nature. It's available with International Standard Book Number or ISBN identification 3032098289 (ISBN 10) and 9783032098283 (ISBN 13).

This book offers a comprehensive examination of Islamic finance as a legal-ethical system rooted in Sharīʿah, highlighting its regulatory, ethical, and institutional dimensions. It critiques prevailing models of Islamic banking for prioritizing technical compliance over justice, accountability, and public welfare, and advances a maqāṣid-driven vision of regulation. Drawing on comparative case studies from Pakistan, Bangladesh, India, Afghanistan, Sri Lanka, and the Maldives, the book identifies regional challenges while showcasing innovative practices. It introduces the concept of ḥisbah-based oversight and proposes a South Asian Ethical Finance Council as a framework for aligning financial institutions with Islamic legal and ethical standards. Bridging theory and practice, the study integrates insights from Islamic law, finance, and governance to address pressing regulatory and ethical questions. It is an essential resource for scholars, policymakers, and practitioners of Islamic finance, financial regulation, and comparative law.