Ecclesiastical Law Journal


The Regulation of Islamic Finance in the United Kingdom

Jonathan Ercanbracka11

a1 Doctoral Student, School of Oriental and African Studies, University of London


This article examines the unique risks associated with Islamic financial institutions and the secular state's reticence to directly regulate their religious dimension. It argues that the state's method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks.


1 The author would like to thank Sham Qayyum and Anna Kallioinen for their generous help in reviewing this article.