Editing Islamic banking and finance (section)

===Challenges, criticism – industry view===
On the other hand, the industry also has challenges —"key" among them, as of 2016 (according to the [[Sukuk#SGIER2015-6|''State of the Global Islamic Economy Report'', 2015/16]] and the [[International Monetary Fund|IMF]]), include:
*"low levels" of public awareness;<ref>"What customers want; Customer insights to inform growth strategies of Islamic banks in the Middle East", PwC, October 2014</ref><ref name=SGIER2015-6:70/>
*a need for better regulation, better cooperation between Islamic and conventional financial standard-setters to deal with complexity and to "address the unique risks of the industry";<ref name=imf-2015/>
*a "scarcity of Shariah-compliant [[monetary policy]] instruments";<ref name="imf-2015">"[https://www.imf.org/external/pubs/ft/sdn/2015/sdn1505.pdf Islamic Finance: Opportunities, Challenges, and Policy Options]", IMF, April 2015, p.6-7</ref>
*"underdeveloped" safety nets and resolution frameworks such as sharia compliant deposit insurance systems and "[[Lender of last resort|lenders-of-last-resort]]";<ref name=imf-2015/><ref name=SGIER2015-6:70/>
*better Shariah compliance by regulators.<ref name="SGIER2015-6:70">[[#SGIER2015-6|''State of the Global Islamic Economy Report'', 2015/16]]:70</ref>

Another challenge in Islamic banking has been exploitation of poor gullible people in the name of religion.