Business, Management and Accounting
3 years ago

Islamic finance revolutionizing global markets with legal and Shariah framework alignment.

Editorial preface of special issue: legal and contractual issues of Islamic banking and finance in the era of industry revolution
Rusni Hassan, Nor Razinah Mohd. Zain

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Islamic finance is becoming increasingly important in the global financial system, attracting new investors and adapting to economic changes. Countries are incorporating Islamic finance into their legal systems to support its growth. A strong legal and Shariah framework is crucial for the sustainable development of Islamic finance. This special issue focuses on the legal and Shariah issues in Islamic finance in the era of the Fourth Industrial Revolution (4IR). The research contributions mainly come from the IIUM Institute of Islamic Banking and Finance, highlighting the importance of adapting to the changing financial landscape to remain relevant and benefit from the 4IR.