“Islamic finance now extends beyond the traditional predominantly Muslim economies to become an increasingly important part of the international financial system.” “Islamic finance implicitly embraces strong core values and universally beneficial characters.” “The Islamic financial system derives its strength and stability from its faculty to uphold Shariah principles. The Islamic financial system thus has an in-built dimension that promotes financial soundness and stability, as it resides within a financial trajectory underpinned by the forces of Shariah injunctions.” These are the words of Tan Sri Dr. Zeti Akhtar Aziz, a prominent Bank Governor in Malaysia who has been an outspoken advocate...
