Legal and regulatory framework for the introduction of Islamic retail-banking products in Canadian banks /

Islamic finance has made its first steps in Canada; however, there is still a lack of Islamic financial products in the country. The Muslim community still struggles nowadays in finding retail-banking products that do not contravene their religion. In fact, there are some Islamic financial instituti...

Full description

Saved in:
Bibliographic Details
Main Author: Benaziez, Samia (Author)
Other Authors: Rusni Hassan
Format: Thesis
Language:English
Published: Kuala Lumpur : IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, 2021
Subjects:
Online Access:http://studentrepo.iium.edu.my/handle/123456789/11040
Tags: Add Tag
No Tags, Be the first to tag this record!
LEADER 03460 a2200409 4500
005 20230418153438.0
008 220802s2021 my f m 000 0 eng d
040 |a UIAM  |b eng  |e rda 
041 |a eng 
043 |a n-cn---  
084 |a BPH343.2 
100 |a Benaziez, Samia  |9 5220  |e author 
245 |a Legal and regulatory framework for the introduction of Islamic retail-banking products in Canadian banks /  |c by Samia Benaziez 
264 1 |a Kuala Lumpur :   |b IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia,   |c 2021 
300 |a xix, 170 leaves :  |c 30 cm. 
336 |2 rdacontent  |a text 
337 |2 rdamedia  |a unmediated 
337 |2 rdamedia  |a computer 
338 |2 rdacarrier  |a volume 
338 |2 rdacarrier  |a online resource 
347 |2 rdaft  |a text file  |b PDF 
500 |a Abstracts in English and Arabic. 
500 |a "A thesis submitted in fulfilment of the requirement for the degree of Doctor of Philosophy." --On title page. 
502 |a Thesis (Ph.D)--International Islamic University Malaysia, 2021. 
504 |a Includes bibliographical references (leaves 155-163). 
520 |a Islamic finance has made its first steps in Canada; however, there is still a lack of Islamic financial products in the country. The Muslim community still struggles nowadays in finding retail-banking products that do not contravene their religion. In fact, there are some Islamic financial institutions in Canada; however, these face many challenges as to the legal and regulatory framework of the financial system. The literature has proven that for the success of Islamic finance it has to start from the Canadian banks that have full support from the government and a well established and powerful presence in the country; in the current legal and regulatory framework of the Canadian banking system represents an obstacle as to the offering of Islamic retail-banking products in Canadian banks. This research deeply delved in the study of the Canadian legal and regulatory framework and found that there are various issues and challenges faced by Islamic Financial Institutions in Canada as well as different issues and challenges that impede Canadian Banks from offering Islamic Retail-Banking Products. As a result, some amendments need to be made in this framework for the offering of Islamic retail-banking products in Canadian Banks, the most important ones being in the Bank Act as well as some other amendments. These amendments were analyzed in details in this research and it is recommended that Canadian authorities and policy-makers take them into consideration in order to satisfy the needs of the Canadian Muslim Community.  
650 0 7 |a Banks and banking, Islamic  |x Legal framework  |z Canada  |9 2310 
650 0 7 |a Banks and banking, Islamic  |x Financing products   |z Canada  |9 2310 
655 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Institute of Islamic Banking and Finance  |z IIUM  |9 4223 
700 0 |a Rusni Hassan  |9 9847 
710 2 |a International Islamic University Malaysia.  |b Institute of Islamic Banking and Finance  |9 895 
856 4 |u http://studentrepo.iium.edu.my/handle/123456789/11040 
900 |a sz-asbh 
942 |2 ICSI  |c THESIS  |n 0 
999 |c 502780  |d 534197 
952 |0 0  |1 0  |2 ICSI  |4 0  |6 T B P H 00343.00002 B00046L 02021  |7 3  |8 IIUMTHESIS  |9 981926  |a IIUM  |b IIUM  |c THESIS  |d 2022-06-27  |e 10  |g 0.00  |o t BPH 343.2 B46L 2021  |p 11100429259  |r 2022-06-27  |v 0.00  |w 2022-06-27  |y THESIS