National and Global Islamic Financial Architecture:
Problems and Possible Solutions for the OIC Member Countries
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finance can also provide alternative options/sources of ethical finance to non-Muslims and
wider markets, both at the domestic and international levels. However, tapping into this
market would require not only providing the products and services efficiently but also showing
and persuading the general public of the social and ethical orientations and practices of Islamic
finance.
Many studies, including this one, have considered issues related to the supply side of the
Islamic financial industry. Studies examining issues on the demand side of Islamic finance,
however, are scant. There is a need to undertake an extensive global study investigating
different demand side issues of the industry. The issues that can be explored include, among
others, attitudes, preferences, perceptions, satisfaction and knowledge levels of Islamic finance
of depositors and customers from different parts of the world. The demand side information is
vital as it will reveal the aspirations and expectations of the key stakeholders that not only use
Islamic financial services but also provide the bulk of the funds to the industry.