Islamic Social Finance Report - 2014

This report presents the historical trends, future challenges and prospects for the various segments of the Islamic social finance sector in South and Southeast Asia, with the following countries under study: Indonesia, India, Pakistan, Bangladesh, Malaysia, Singapore and Brunei Darussalam. This report examines the broad regulatory and policy environment at the macro level as well as good and bad practices at the meso and micro levels to seek answers to the following questions as well as to encourage healthy deliberations around them:

• How much regulation is right for the Islamic social finance sector? Do stringent laws and over-regulation stifle the sector?
• How do we harmonize the different regulatory frameworks governing institutions based on religious and secular philanthropy, co-operation, not-for-profit and for-profit finance? How do we develop a unified and integrated framework for the Islamic social finance sector?
• What role do supporting institutions, e.g. networks and associations, institutions of higher learning, trainers and consultants,
developers of standards play in the sector?
• How do we enhance transparency, accountability and governance in the sector?

More specifically, the following questions relevant to specific sub-sectors have major policy implications. While we need to differentiate between Shariah-legal questions and efficiency-related questions for better comprehension, many apparently Shariah-legal issues are related to efficiency.

Islamic Social Finance Report - 2014

Islamic Finance and Global Financial Stability (IFGFS)

The global financial crisis of 2008-09 has brought to the forefront key issues concerning the stability and resilience of financial systems. This publication is the Report of the Task Force on Islamic Finance and Global Financial Stability which was initiated by the Islamic Development Bank (IDB) in response to the recommendations of the For​um on the Global Financial Crisis and its Impact on the Islamic Financial Industry, organised by the IDB Group.

The Report was jointly issued by IRTI and IFSB. It explains that the solution to the fragility of financial system lies not in small regulatory changes but in building a new financial architecture that will promote greater efficiency in the financial intermediation process. The inherent features of Islamic finance have the potential to serve as a basis to address several of the issues and challenges that have surfaced in the conventional financial system during the current crisis. As the role and relevance of Islamic finance in the global financial system gains significance, it has potential to contribute to greater global financial stability and towards strengthening global growth.

Islamic Finance and Global Financial Stability

Country Reports Islamic Finance Country Reports (IFCRs)

IRTI has established a long term strategic partnership with CIBAFI and Thomson Reuters in order to enhance the development of the Islamic Financial Services Industry (IFSI). One of the outputs of this partnership is the Islamic Finance Country Report (IFCR) which aims to provide comprehensive coverage of the Islamic finance industry's characteristics in each of the OIC countries with the final target to attract the domestic and foreign investors to the existing opportunities of the IFSI that match the economic development needs of the countries.


Ten-Year Framework and Strategies for Islamic Financial Services Industry(IFSI) Development: A Mid Term Review

This document jointly published by the IFSB and IRTI (IDB),was launched during an IFSB-IRTI Session on Mid-Term Review of the IFSI Development: Ten-Year Framework and Strategies held in Mauritius, 19 May 2014.

Ten Year Framework and Strategies for Islamic Financial Services Industry Development

Kuala Lumpur Resolution for the Fifth Strategic Roundtable Discussion (SDR): IRTI, ISRA and DCIEF​

The fifth Strategic Roundtable Discussion (SRD), jointly organized by the International Shari'ah Research Academy for Islamic Finance (ISRA), Islamic Research and Training Institute (IRTI) and Durham Center for Islamic Economics and Finance (DCIEF), Durham University, met on 29th and 30th April, 2015 in the Pullman Hotel, Bangsar, Kuala Lumpur.  ​