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R.K.S. Wood FRS, 1919–2017

0 Present address: Noirmont Cottage , Cobbetts Hill, Weybridge, KT13 0UB Surrey , UK 1 Imperial College London , South Kensington, SW7 2AB London , UK 2 Simon Archer - Received: 31 October 2017

Profit-sharing investment accounts in Islamic banks: Regulatory problems and possible solutions

As interest-bearing deposits are not permitted by the rules and principles of the Islamic Shari’ah, Islamic banks typically raise deposits in the form of profit-sharing investment accounts. These accounts differ from conventional deposits not merely by virtue of the profit-sharing nature of the returns they offer, but also because the contact between the depositors and the bank...