Template-Type: ReDIF-Article 1.0
Author-Name: Yasin Boumbadji
Author-Email: y.boumbadji@mail.ru
Author-Workplace-Name: ENSSEA, Algeria
Author-Name: Alexander A. Tsyganov
Author-Email: al_ts@rambler.ru
Author-Workplace-Name: Financial University under the Government of the Russian Federation, Moscow 125993, Russia
Title: The Institutional Structure of Islamic Insurance Regulation
Abstract: The growth of the Islamic insurance industry and its potential impact raise public policy issues. Indeed, International organizations and standard setters, national regulatory authorities, policy makers, and academia are focusing on risk management practices, the broad institutional environment in which they operate, and the regulatory framework that governs them. Hence International organizations have been established to set standards that would strengthen and eventually harmonize prudential regulations as they apply to Institutions notably the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the International Islamic Rating Agency (IIRA), the Islamic Financial Services Board (IFSB). This paper contributes to the discussion on the nature of the prudential standards to be developed for Islamic insurance companies.
Classification-JEL: G22
Keywords: islamic insurance, takaful, institutional regulatory environment, prudential regulation 
Journal: Finansovyj žhurnal — Financial Journal
Pages: 35-44
Issue: 1
Year: 2014
Month: March
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2014/1/04_1_2014.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:140104:p:35-44