Leveraging Shariah Compliance and Technology
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Transcript of Leveraging Shariah Compliance and Technology
The Increasing Cost of Compliance
2017 2022
4% of Revenue
10% of Revenue
$80 billion
$120 billion
*
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*Global Regulatory Outlook Report 2017Thomson Reuters Regulations Report 2017
Trends in RegTech
RegTech Investments 2012 – 2016 (USD) Global RegTech Investments Q1 2016 – Q1 2017 (USD)
Islamic Finance Transactions
Shariah Compliant
Transaction
Shariah Principles
Regulatory Requirements
Standards
BANK CUSTOMER
PROJECT
MUSHARAKAH
IJARAH
Capital Contribution
Capital Contribution
Initial Equity Ratio80:20
Bank’s Portion
Stage 1
BANK CUSTOMER
PROJECT
MUSHARAKAH
IJARAH
Middle Stages
Capital Contribution
Capital Contribution
Equity Ratio40:60
Bank’s Portion
BANK CUSTOMER
PROJECT
MUSHARAKAH
IJARAH
Close of Contract
Capital Contribution
Capital Contribution
Equity Ratio0:100
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