THE ROLE OF REGULATORY INSTITUTIONS IN THE ISLAMIC CAPITAL MARKET ECOSYSTEM
Abstract
The article analyzes the role of regulatory institutions in the ecosystem of the Islamic capital market and their contribution to the sustainable development of the market. The Islamic capital market is a significant component of the global financial system, ensuring economic stability through offering financial instruments such as sukuk, Islamic stocks, and others. The article highlights the importance of Shariah supervisory boards, international standard-setting organizations such as AAOIFI and IFSB, and other regulatory institutions.
Keywords:
Islamic finance Islamic capital market institute instrument regulation AAOIFI IFSB IILMReferences
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