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Book Chapter
COUNTRY DIFFERENCES
2010
Overview
There are major differences across countries in the role, the importance, the status, and the characteristics of Islamic financial institutions. Their role in national economies ranges from essential to insignificant. Their “special character” may or may not be recognized by regulators. In some countries, they are strongly encouraged by the authorities; in others they are barely tolerated. One of the themes running through this book is that of the diversity of Islamic finance. Even those countries that have fully Islamicized their financial systems – Pakistan, Iran, the Sudan – did so under different religious, political, economic, and cultural circumstances.
Publisher
Edinburgh University Press
ISBN
0748627766, 9780748627769
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