"The authors argue that the future success of Islamic finance will depend on a number of developments, including: economic and financial reform in Islamic countries, institutional reform and liberalization (leading to the development of transparent and efficient institutions), governance and regulatory oversight of Islamic financial institutions and products (affecting the reputation of Islamic institutions and products), research into the development of Shari'ah-compatible financial products, the pace of economic growth in Islamic countries (determining the demand for Shari'ah-compatible financial products), and on the direction and further developments in financial globalization."--BOOK JACKET.