how does the developement of sharia compliant financial products in NZ, and the regulatory treatment of these products occur

Running head : Implications of Islamic finance for securities law in New Zealand

Student name

Student number

Course title

Lecturer

Date

Abstract

The research is purposed to evaluate the impacts and implications of Islamic finance requirements on the securities law in New Zealand , in consideration of the existent laws defining and governing regulated financial products . The research considers the evolution and change of the securities markets and products in the global perspective as impacted by the Islamic finance principles , and pinpoints on the laws governing securities markets

and products in New Zealand and the dynamism nature or otherwise on the provisions of the said laws , and feasible impacts of the Shari 'ah principles

Research Question

The global growth and development of Shari 'ah compliant financial products has been more pronounced in the last three decades , when several countries already had established laws and regulations governing finance and securities . The materialization of variety of capital market products , compounded by progression of market activity , not confined to the traditional jurisdictions in Asia and the Middle East and the development and advancement of technology has led to global trade in Shari 'ah compliant products not limited by the geographical boundaries , whereas New Zealand has laws governing investment and finance , what are the implications of Islamic finance for securities law in New Zealand ? Furthermore how has the development of Shari 'ah compliant financial products occurred in New Zealand and what is the regulatory treatment of these products

Introduction

Islamic capital securities and Shari 'ah compliant...