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Legal aspect of Islamic banking: A case study of Bahrain


Nafees, Seeni Mohamed and Md Dahlan, Nuarrual Hilal and Kyaw, Hla Win and Masum, Ahmad (2015) Legal aspect of Islamic banking: A case study of Bahrain. In: AGBA's 12th Annual World Congress, November 16 --19, 2015, University of Malaysia Pahang, Kuala Lumpur Campus, Malaysia.

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Abstract

Bahrain is an Island with historical connections to the Persian Empire. It is a former province of Iran ((Federal research Division, 2004), which is called as "Pearl of Persian Gulf' and is densely populated Arab country.Its area is only 260 square miles, which is one of the most crowded countries on earth.It is home for one million people approximately (Gillespie, 2002).Bahrain has a long history as hub of banking and it strives hard to retain that status (Oxford Business Group: The Report: Bahrain, 2008).Likewise, the Kingdom of Bahrain is considered to be the hub of Islamic banking according to the Central Bank of Bahrain, which is proud to play host to the largest concentration of Islamic financial institutions in the Middle East region.A country, indeed, with an area of only 665 square kilometers has become one of the leading Islamic financial centers in the region (New Horizon, 2007).

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Islamic Banking, Growth of Islamic Banking, Bahrain, Legal changes
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
H Social Sciences > HG Finance
Divisions: College of Law, Government and International Studies
Depositing User: Dr. Seeni Mohamed Mohamed Nafees
Date Deposited: 24 Feb 2016 04:38
Last Modified: 24 Feb 2016 04:38
URI: http://repo.uum.edu.my/id/eprint/17261

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