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National and Global Islamic Financial Architecture:

Problems and Possible Solutions for the OIC Member Countries

252

SECP

(2005),

Takaful

Rules

2005,

http://www.secp.gov.pk/corporatelaws/pdf/Takaful_Rules_2005.pdf

SECP, Islamic Financial Accounting Standard (IFSA)-1 (Murabaha), IFSA-2 (Ijarah), 2007, and

IFSA-3

(Mudaraba

for

deposits);

secp.gov.pk/news/PDF/News_05/sep_06_IslamicFAStandards.pdf; www.secp.gov.pk/notification/pdf/2007/Notif_May22_IFAS2.pdf

and

http://www.secp.gov.pk/notification/pdf/2013/S.R.O_584_Profit-and-Loss-Sharing.pdf

SECP

(2015),

Securities

Act

2015,

http://www.secp.gov.pk/corporatelaws/pdf/2015/SecuritiesAct_2015.pdf

SECP (2016),

Summary of NBFCs, NEs. & Modarabas Sectors, February 2016

,

http://www.secp.gov.pk/SCD/pub_scd/sector-summary/mss_feb2016.pdf

SECP

(2016b),

“Notification

SRO

45

(1)/2016”,

http://www.secp.gov.pk/notification/pdf/2016/SRO_Shari_ah_Standards.pdf

SECP, Annual Report, 2015;

secp.gov.pk/annualreport/2015/Annual-Report-2015.pdf

State Bank of Pakistan Annual Reports

http://www.sbp.org.pk

FY02

; FY08, FY09, FY15

World Bank, (2014) Islamic Republic of Pakistan: Diagnostic Review of Consumer Protection

and Financial Literacy; Volume I (Key Findings and Recommendations) and Volume II

(Comparison

with

Good

Practices).

https://openknowledge.worldbank.org/handle/10986/18658

Saudi Arabia

Al-Jarbou Ayoub M. (2004), “Judicial independence: Case Study of Saudi Arabia

,

Arab Law

Quarterly,

19 (1), 5-54

.

BCBS (2015).

Regulatory Consistency Assessment Programme (RCAP) Assessment of Basel III

Liquidity Coverage Ratio regulations – Saudi Arabia.

Basel Committee on Banking

Supervision, Banking of International Settlement,

http://www.bis.org/bcbs/publ/d336.pdf

CMA

(undated),

Corporate

Governance

Regulations

,

http://www.cma.org.sa/En/Documents/CORPORATE%20GOVERNANCE.pdf

CMA

(2014),

Credit

Rating

Agencies

Regulations,

http://www.cma.org.sa/En/Documents/Credit%20Rating%20Agencies%20Regulations%

20-%20English%20Translation.pdf

Department of Zakat & Income Tax. (2016, 02 17). Retrieved 02 17, 2016, from

https://dzit.gov.sa/dzit_logon/MenuItems.jsp?menu_id=lawsbylaws&menu_grp=lawsbyla

ws&ume.logon.locale=en

EY (2016), World Islamic Banking Competitiveness Report 2016: New Realities New

Opportunities,

http://www.ey.com/Publication/vwLUAssets/ey-world-islamic-banking-

competitiveness-report-2016/USDFILE/ey-world-islamic-banking-competitiveness-report-

2016.pdf

FSB (2015).

Peer Review of Saudi Arabia.

Financial Stability Board.

http://www.fsb.org/wp-

content/uploads/Saudi-Arabia-peer-review-report.pdf

Grais, W., Iqbal, Z., and El-Hawary, D. (2004).

Regulating Islamic Financial Institutions: The

Nature of the Regulated.

World Bank Policy Research Working Paper 3227.