文章基本信息

标题：Standards Issuance for Islamic Finance in International Trade: Current Issues and Challenges Ahead
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作者：Hakimah Yaacob ; Hakimah Yaacob ; Apnizan Abdullah 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2012
卷号：65
页码：492-497
DOI：10.1016/j.sbspro.2012.11.154
语种：English
出版社：Elsevier
摘要：AbstractLegal uncertainty is an issue faced by the Islamic finance industry at international legal framework. Lacking in terms of standardisation may cause serious leakage to its growth. An attempt is made to dwell on the subject with an aim to clarify the rationale of having an International Treaty toward standardisation. Uniformity and standardisation incorporated in a treaty forms a caucus of consensus among the state party that will promote not only a sound and stable Islamic financial system but also prove its viability and credibility to the global financial world. The paper claims that standards are just a voluntary adoption by any countries and no binding values. Hence, in ever- increasing global market and interests in Islamic finance from all over the globe there is an urgent need to make future development of the industry smoother by standardizing, at least, basic financial instruments in order to avoid possible conflicts.
关键词：International Trade;Standards;International legal framework;Standardisation;Uniformity;Challenges