... frameworks Shari’ah compliance Digital innovation Financial inclusion Economic growth The Islamic banking industry is a relatively growing, with its roots dating back to the late 19th century. Many predominant Muslim countries such as Malaysia, Indonesia, Saudi Arabia, Bangladesh and Pakistan...

... are not operating in a fully fledged Islamic financial system, reducing the risk weightage and regulatory restrictions. As for Shari’ah compliance, controversy may result from the enhanced features that structure this facility. Though these enhanced features are Shari’ah compliant, it transforms...