I am pleased to present to our readers a special issue of ICR devoted to Islamic banking and finance (IBF), an increasingly vibrant field in which Malaysia, ICR’s home, has made great strides and shown itself to be a leader and pace-setter. An interesting selection of six original contributions to the field comprises our “Articles” section.
The field of Islamic banking and finance has not escaped the damaging effects of the recurrent financial crises the world has been witnessing, notwithstanding its core of inner resilience. Apart from the ripple effects of the crises, IBF has also encountered numerous challenges of its own and has come under criticism for many of its shortfalls. This was why we decided to take stock of the situation in this issue of ICR.