This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can be drawn that have implications for the stable and sound development of Islamic...

Part I. Qard hasan: pure Islamic microfinance -- Part II. The predominance of murabaha -- Part III. Institutions providing a range of Islamic financing arrangement -- Institutions that also promote (some) profit and loss sharing