Browsing by Author "Agrani Sabito"

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    Adequacy of Legal Framework Regarding Islamic Banking in Contemporary Ethiopia
    (Addis Ababa, Ethiopia, 2024) Agrani Sabito
    This thesis examines whether Ethiopia`s existing legal framework for Islamic banking within its interest-free banking system is adequate. To this end the thesis has focused on Musharakah, Mudarabah, and Murabaha financing. Through a thorough review and analysis of relevant laws, supplemented by modest interviews and comparative experience, the study assesses the alignment of existing legal structures with Islamic banking principles. The findings reveal both areas of congruence and disparity between Islamic banking principles and Ethiopian legal norms, highlighting potential legal hurdles for Islamic banking development. Drawing insights from comparative analyses of Indonesia and the United Kingdom, the study proposes key lessons for Ethiopia. It emphasizes the necessity of regulatory clarity and an improved legal framework to nurture Islamic banking growth while ensuring compliance with Ethiopia's legal and financial stability objectives.