Challenges and Opportunities in the Global Expansion of Islamic Banking

Authors

  • Anam Soomro International University of Malaysia, (IIUM, Gombak campus)
  • Nikash kumar Lincoln University College, Malaysia
  • Habeebullah Zakariyah International University of Malaysia, (IIUM, Gombak campus)
  • Asadullah Shah International University of Malaysia, (IIUM, Gombak campus)

DOI:

https://doi.org/10.33152/jmphss-9.1.3

Keywords:

Islamic banking, Shariah compliance, Risk management, Financial inclusion, Regulatory frameworks, Ethical banking, Fintech, Sukuk, Murabaha, Ijarah

Abstract

Islamic banking has become a popular banking choice because it combines ethical financial principles with rising demand for Shariah-compliant financial products. The swift expansion of Islamic banking encounters multiple obstacles to worldwide expansion because of regulatory non-uniformity limited liquidity control and the requirement for standardized practices. This research discusses both the barriers and possibilities that Islamic banking faces during its worldwide expansion by examining main regulatory elements and risk management systems and presenting real financial industry examples. The research investigates how fiscal technology supports both problem resolution and monetary inclusion expansion.

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Published

2025-01-28

Issue

Vol. 9 No. 1: JMPHSS

Section

Articles

How to Cite

Anam Soomro, Nikash kumar, Habeebullah Zakariyah, & Asadullah Shah. (2025). Challenges and Opportunities in the Global Expansion of Islamic Banking. Journal of Management Practices, Humanities and Social Sciences, 9(1), 36-44. https://doi.org/10.33152/jmphss-9.1.3