The Scholarly Commons

 

Title

Convergence of Corporate Governance and Islamic Financial Services Industry: Toward Islamic Financial Services Securities Market

Document Type

Article

Publication Date

4-22-2006

Abstract

This paper briefly discusses the significance of corporate governance for the Islamic financial services industry. Furthermore, it predicts that the Islamic financial services industry is likely to converge to modern governance practices. The paper also argues that the industry needs to have a homogenous and specialized regional securities market to realize its true potential.