China and Islamic Finance: Past, Present, and Future
Article from: TDM 6 (2022), in Islamic Finance
Abstract
China's commercial and geostrategic interests increasingly deepen its trade and investment in Muslim countries throughout the world. In terms of compliance with local law, many Muslim countries feature mixed or hybrid legal systems, including common law, civil law, and sharia. Chinese enterprises have little experience with sharia compliance and Islamic finance. Domestically, whereas China has emerged as an innovator in such areas as fintech and digital commerce, Islamic finance is one field of transactional and financial regulation that is largely absent. While there is no inherent ...