National and Global Islamic Financial Architecture:
Prolems and Possible Solutions for the OIC Member Countries
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offer a few courses on Islamic finance.
4.2.8. Summary and Conclusions
The status of financial architecture for Islamic finance in Egypt is summarized in Chart 4.2.
Even though modern Islamic finance has its origins in Egypt, the infrastructural institutions to
support the industry have not developed. Specifically the laws and regulations related to
different segments of Islamic financial industry are not reformed adequately to accommodate
and promote Islamic banking, takaful and capital markets. Similarly, no substantial
adjustments were made in other supporting infrastructure institutions such as Shariah
governance framework, liquidity and information infrastructures and consumer protection
and financial literacy. Egypt, however, has contributed to the development of human capital
and talent for Islamic finance both in regulatory bodies and also at academic institutions.
Chart ‎4.2: Islamic Financial Architecture Institutions—Egypt