Among others, this has resulted in scale and efficiency of financial institutions and required regulator’s to change their regulatory frameworks and supervisory approaches. Given this, in this section I offer some selective perspectives which should allow IF to move and compete in tandem with conventional finance.
Consistent with IF provisions, one concrete way forward is to focus efforts to develop right framework and applications for PLS-Shariah compliance products. Currently, equity investment share in IF ranges from 0% to 24% of the Islamic bank’s books.