ARTICLE - The Emergence of Asia’s Islamic Finance Industry

By Mercy Kuo, PhD - Islamic finance is rooted in Shariah law, which prohibits interest-based financial transactions, gambling high-risk speculation, and financing any form of economic activity that can be considered detrimental to society. The industry’s modern-day evolution, beginning in the 1970s to the present day, was still considered an infant industry at the turn of the 21st century. (source)

LEGAL - 'Islamic finance industry is under regulated'

RIYADH: The total assets of Islamic finance sector in the six-nation Gulf Cooperation Council (GCC) countries, which exceed $600 billion, have prompted the calls for regulating the Islamic finance industry and for imparting more training and skills to professionals working in this area. This was one of the findings of a major survey conducted by Deloitte's Islamic Finance Knowledge Center (IFKC), which was shared by Deloitte's experts, Tuesday.