Getting the Deal Through: Islamic Finance & Markets 2021

The following In-house Advisor practice note provides comprehensive and up to date legal information covering:

  • Getting the Deal Through: Islamic Finance & Markets 2021
  • Jurisdictions covered
  • Questions

Getting the Deal Through: Islamic Finance & Markets 2021

Jurisdictions covered

The following jurisdictions are covered in this report:

France; Japan; Malaysia; Philippines; Switzerland; United Kingdom; USA; Uzbekistan


The set of questions relating to the topic of Islamic Finance & Markets and answered by the guide for each jurisdiction covered include:

  1. In general terms, what policy has your jurisdiction adopted towards Islamic finance? Are Islamic finance products regulated differently from conventional instruments? What has been the legislative approach?

  2. How well established is Islamic finance in your jurisdiction? Are Islamic windows permitted in your jurisdiction?

  3. What is the main legislation relevant to Islamic banking, capital markets and insurance?

  4. Which are the principal authorities charged with the oversight of banking, capital markets and insurance products?

  5. Identify any notable guidance, policy statements or regulations issued by the regulators or other authorities specifically relevant to Islamic finance.

  6. Is there a central authority responsible for ensuring that transactions or products are shariah-compliant? Are IFIs required to set up shariah supervisory boards? May third parties, related parties or fund sponsors provide supervisory board services or must the board be internal?

  7. Do members of an institution’s shariah supervisory board require regulatory approval? Are there any other requirements for supervisory board members?

  8. What are the requirements for Islamic banks to be authorised to carry out business in your jurisdiction?

  9. May foreign institutions offer Islamic banking and

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