Establishment of Islamic capital market in jurisdictions with limited Islamic financial services: case study of Maldives
It is said that to establish an Islamic Capital Market, the first step would be to have a strong Islamic finance industry with numerous institutions offering Islamic financial services. This way it is easy to know that the demand for Islamic capital market would be there and that market will be sophisticated enough to comprehensive the nature of shariah compliant products. Generally, in most of the jurisdictions this is how the Islamic capital market is created. This paper will look at the establishment of Islamic capital market in Maldives, small island nation where the establishment of Islamic capital market happened when at a time there was only one takaful company and one Islamic bank established.
Islamic capital market , Islamic finance , Shariah governance
Muneeza, A. (2018). Establishment of Islamic capital market in jurisdictions with limited Islamic financial services: case study of Maldives. International Journal of Law and Management, 60(2), pp. 373-385.
Emerald Publishing Limited