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Islamic bank has received a warm welcome since after 2009 financial crisis; the Islamic bank had been selected as an alternative to a conventional banking system. Despite its momentum growth, Islamic finance is covered with contemporary controversies and challenges in operation and regulatory reform. The paper advocates contemporary solutions that address these challenges.


Controversies, Challenges, Islamic Banking, Regulatory reform

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How to Cite
Muhammad, T., Mamman, D., & Tangaza, M. A. (2019). Controversies and Challenges of Islamic Banking: Analysis of Regulatory Reform. Journal of Contemporary Research in Business, Economics and Finance, 1(1), 12-15.