LEGAL ASPECTS IN IMPLEMENTING ISLAMIC FINANCE IN CONVENTIONAL BANKING SYSTEMS Cover Image

ПРАВНИ АСПЕКТИ ПРИ ВЪВЕЖДАНЕ НА ИСЛЯМСКИТЕ ФИНАНСИ В КОНВЕНЦИОНАЛНИ БАНКОВИ СИСТЕМИ
LEGAL ASPECTS IN IMPLEMENTING ISLAMIC FINANCE IN CONVENTIONAL BANKING SYSTEMS

Author(s): Miroslav Kamdzhalov
Subject(s): Economy, Supranational / Global Economy
Published by: Икономически университет - Варна
Keywords: Islamic finances; banking; legal aspects.
Summary/Abstract: Islamic finances are a significant and continued growing segment of the financial product market not only in the Muslim world. Globally, this type of financial operations, subject to the Islamic law – Sharia, enjoys a warm welcome in counties hosting large financial centers. In view of the specificities of Islamic financial operations, where credit institutions take an active part in the business of their clients, a specific regulatory framework needed to regulate their activities.

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