In this context, I propose to offer few selective perspectives which underscore need for enhancing the legal, regulatory and  BIS Review 52/2008  1  supervisory frameworks for IF to allow for greater diversification both on asset and liabilities side supported by proper governance standards for PLS modalities including adequate safeguards for investment account holders.
Greater appreciation and understanding of risk frameworks and development of capacities would facilitate adaption of complex Islamic products and would help in enhancing depth and breadth of IF. B. IF features and its interface with conventional finance  Distinguishing features of IF.