Purpose – Aims to consider the empirical works on Islamic financial design in the light of room for improvements. Design/methodology/approach – Looks at the many aspects of the Islamic financial system and suggests some prudent and sound regulatory frameworks which are deemed necessary....

Purpose – The purpose of this paper is to validate the concern that banks' increasing involvement in securitization activity restrains banks' lending, as well as their degree of risk tolerance. Theoretical frameworks claim that securitization reduces risk, hence decreasing banks' degree of...